I just can’t help myself. I had to buy into this down day just a little, addicted to fucking gambling. Seriously, what is the difference between stock picking and handicapping athletic events, or something like that? Sure, the set of rules that governs who wins and who loses the athletic event, as well as the set that governs how you make money off the winners/losers are both different. But essentially, you’re just laying out an amount of money in an attempt to receive back a larger amount. The key in both is the edge you have. In stocks, I have a good fucking edge. So fuck a buy list, here are some actual buys.
2000 GSVC below 15.45
1500 FL below 20.35
600 BKF below 42.20
1800 WNR below 17.20
800 GDXJ below 37.35
2000 CENX below 11.55
1000 SIL @ 27.84
If we’re to sell-off wildly tomorrow after the jobs report, then I still have an ~80% cash pile to protect me and continue to build the positions. If we’re to stabilize and continue up, then I have some skin in the game. Either way, I’m prepared for follow through action.
I’m basing these purchases on a portfolio with $1,000,000 in funds. I’ll post performance data regularly.
If you enjoy the content at iBankCoin, please follow us on Twitter
