The newest trend sweeping across my blog is the bullish morning post followed by a swift and smooth distribution in stocks. I step up and buy something in size, like FSLR, wholeheartedly embracing where we are in this rally, and I get wet noodle slapped by the determined sellers.
There is never a reason to fight the market. There is NEVER, a reason, to fight the market. Just go with the flow, Joe.
Well you would think my portfolio was getting shredded to bits, given this 20+ handle move lower, but I seem to exist in some kind of microcosm. I have a few winners buoying me into a nice green day. Zynga of course helped immensely, I rang the bell and cashed in on some of that. But I also have TPX aka the memory foam bed. SIDE NOTE: these are nice beds. RETURNING TO BANKING COIN: TPX is putting in a solid day, it needed to today or I was cutting the full size position out of my portfolio. But here it is, going “onward Christian soldier” while the rest of the market dies a pagan death. That’s quite curious because you get to wondering what this stock could do if a turnaround Tuesday develops. I may make this a plus-sized model position by feeding it my DNKN cash from last week’s sale.
I’m not being stopped out of anything yet, the day is still young. But my least favorite position is Goldman slacks. I already banked sic [sic] coin in this name. I should just move along and plow it all into BX.
Sellers have done well. They haven’t done great until the close us on the lows. Otherwise, buy the dip mentality steps in.
UPDATE: Sold GS a few ticks > $150 – still feel like a boss.
If you enjoy the content at iBankCoin, please follow us on Twitter
how’s that dip buying been workin out for ya?
You may have missed the part where I bought SIZE in Zynga last Thursday with a side of TSLA. It’s going well.
HOWEVER, I was 2% richer at 9:32am.