iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,514 Blog Posts

The Endless Sea of Opportunity

The inefficiencies of the market place are working their way to the surface this week, or so it seems to my eyes.  I want fresh cash ready to deploy into the market so I used this morning’s strength to toss out some old names and make way for new.

I closed out my TPX long near $40.  I thought it best to avoid staring at this gift horse for too long.  I lost 9 percent on the trade.  Not too shabby.  I like when I get excited about a loss, it means big wins are near.

I closed my EXK runner out too.  The USA dollar was ripping overnight and I’m not trying to get fancy.  The runner was still 4 percent in the profit so I cashed it out.

I cut AMBA, I’m not liking what the tea leaves are showing:

AMBAsentimentcycle

I planned on selling GTAT and OCZ this morning too, but after hesitating a brief moment they’re both back in the slop trough with other opportunities.

These sales brought my cash up to 50 percent.  I may miss a big blow off move on the Fed this afternoon, but should we see a downdraft I’ll be more prepared to pounce.

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