iBankCoin
Joined Jan 1, 1970
1,010 Blog Posts

No Country for Bold People

chig_r

The market is continuing its daily cocktail consisting of two-thirds drifting up, and one-third chopping and flopping around like a goldfish taken out of its tank by an ADHD riddled seven year old boy.  You degenerate gambling types hate me for saying it by now, but it is correct gambling/trading strategy to have more cash than usual on hand during earnings season because of all of the additional forces affecting stock prices.  Thus, I am taking profits more quickly these days.  Since I made a quick 12% in the past few days, I decided to sell the rest of my $AIG stake. I could easily revisit the position in the coming days, mind you.

I also initiated a position in cardboard cuisine, a.k.a. $DPZ.  Although I would sooner eat airplane food for the rest of my life before ordering a pizza from Domino’s, the chart looks great.  Lord have mercy on all of you stoners, college kids, and idiots who have no taste for good food…

dpz1

As for my other positions, I am pleased with the action in $CLNE, $CSIQ, and am looking to add to $KLIC as it pulls back to retest its original breakout level.

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2 comments

  1. lindsay

    Keep up the good work chess– congrats on the pizza win too

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