Sales – Stopped Well Shy At 3% Cash

I couldn’t bring myself to sell all the way to 20% cash. The waterfall left too many of my purchases underwater still and the hope of follow through pins me to my seat.

But I took quick profits in HCLP, VOC, BAS, and SXCP (I still own all four names, I just pared down sizing) ranging from 5-12%, and then I completely sold my BTU position for a 22% loss. That will lower the tax bill. I like BTU but it’s time to start thinking of April.

Despite having little cash, this lowers my risk profile substantially. The margin was worth it and if the oil and gas space has any sort of meaningful follow through, I’ll be back at new highs by Thanksgiving.

Gobble gobble.

Added More NADL For $5.43

Nice close, that.

Around 2 p.m., I added more NADL for $5.43. I posted inside The PPT but didn’t have time to get out here. Of course, NADL did not enjoy the relief rally, so no harm no foul.

More Adds To VOC and SXCP

I added a couple more percent into VOC for $9.94 and SXCP for $24.80.

Margin balance is about 112% and I am now down for the year.

I know, I am breaking every rule you think you know. Let us agree that you do not understand me and I am apathetic towards yourself. Shall we?

Nibbled On More BAS For $13.50

I am now down almost 2% for the year. I took a moment to celebrate this lunacy by nibbling on yet more BAS, for $13.50.

All thanks and praise to the mighty Saudi’s for the wondrous occasion…

No, really though, who do you think Saudi Arabia’s super speculative intentions are going to hurt more? The United States? Or Venezuela, Syria, Russia, Iran, Iraq, Brazil, Nigeria, Algeria, Libya, Egypt, or Yemen?

Cool story: if you’re a country even close to revolutionary upheaval (or just strangled by an ill thought out safety net), the actions of Saudi Arabia are a death knell. And if there’s one thing we’ve seen pretty conclusively, it’s that countries that get tipped into a state of open revolution or political upheaval see their oil production drop…sometimes all the way to ZERO.

So let’s play chicken, you little shits.

Margin

Watching the oil market today was simply too stupid for my brain to handle. It is ground zero of a frenzy that is being fed by the weak. This is the time when predators should be having an all you can eat Retail Trader buffet.

In that spirit, I dipped into a 5% margin balance, this being for the first time in years.

I added to HCLP for $41.32.

I bought more BAS for $17.76.

And then I threw some VOC on top for $10.90.

It is incredible – indeed almost unthinkable – but I have gone from being up more than 20% this year to gains inside of 5%.

Now is the time to press the envelope.

Sales – Stopped Well Shy At 3% Cash

I couldn’t bring myself to sell all the way to 20% cash. The waterfall left too many of my purchases underwater still and the hope of follow through pins me to my seat.

But I took quick profits in HCLP, VOC, BAS, and SXCP (I still own all four names, I just pared down sizing) ranging from 5-12%, and then I completely sold my BTU position for a 22% loss. That will lower the tax bill. I like BTU but it’s time to start thinking of April.

Despite having little cash, this lowers my risk profile substantially. The margin was worth it and if the oil and gas space has any sort of meaningful follow through, I’ll be back at new highs by Thanksgiving.

Gobble gobble.

Added More NADL For $5.43

Nice close, that.

Around 2 p.m., I added more NADL for $5.43. I posted inside The PPT but didn’t have time to get out here. Of course, NADL did not enjoy the relief rally, so no harm no foul.

More Adds To VOC and SXCP

I added a couple more percent into VOC for $9.94 and SXCP for $24.80.

Margin balance is about 112% and I am now down for the year.

I know, I am breaking every rule you think you know. Let us agree that you do not understand me and I am apathetic towards yourself. Shall we?

Nibbled On More BAS For $13.50

I am now down almost 2% for the year. I took a moment to celebrate this lunacy by nibbling on yet more BAS, for $13.50.

All thanks and praise to the mighty Saudi’s for the wondrous occasion…

No, really though, who do you think Saudi Arabia’s super speculative intentions are going to hurt more? The United States? Or Venezuela, Syria, Russia, Iran, Iraq, Brazil, Nigeria, Algeria, Libya, Egypt, or Yemen?

Cool story: if you’re a country even close to revolutionary upheaval (or just strangled by an ill thought out safety net), the actions of Saudi Arabia are a death knell. And if there’s one thing we’ve seen pretty conclusively, it’s that countries that get tipped into a state of open revolution or political upheaval see their oil production drop…sometimes all the way to ZERO.

So let’s play chicken, you little shits.

Margin

Watching the oil market today was simply too stupid for my brain to handle. It is ground zero of a frenzy that is being fed by the weak. This is the time when predators should be having an all you can eat Retail Trader buffet.

In that spirit, I dipped into a 5% margin balance, this being for the first time in years.

I added to HCLP for $41.32.

I bought more BAS for $17.76.

And then I threw some VOC on top for $10.90.

It is incredible – indeed almost unthinkable – but I have gone from being up more than 20% this year to gains inside of 5%.

Now is the time to press the envelope.

Previous Posts by Mr. Cain Thaler
Added To NADL
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