Thinking Out Loud

I have been lucky enough to have been caught holding $LITB, $PLUG, $UNXL today and still have a few decent winners over the last few weeks to navigate out of. I’d prefer to milk them for more, to be honest, but I want to lock in many of them this month so I can point my efforts in a new and fresh perspective coming out of the summer.

I have a few positions on that will require strength post earnings to meet price targets: GRPN, GLUU, FSLR and MCP. These are stocks where I feel the risk is to the upside as opposed to the downside. In other words, greater than 5-to-1 Risk/Reward plays, based on structure, short interest, and trading activity this year. It is important to note, I am not betting the world here. Trading size is the same as always to avoid massive drawdowns.

The remainder of my trades, stocks like VMW, BKS, DDD, and RKUS are just waiting for an alignment of conditions to produce profits. The name of the game is to patiently wait for patterns to unfold, and manage risk against a flawed plan.

In the meantime, I bought more AAPL today and am strongly considering a long in $P.

OA