I used some of that pesky cash on hand to reinitiate a position in END and start a new position in MHR. I have to tell you, the news cycle is an interesting creature, feeding us what we demand. Take Egypt for instance: they’ve been backwards freaks since the nose dropped off the Sphinx—troglodytes in sheep’s clothing. Yet here we are, with oil pulling back ever so gingerly after thrusting higher, and the news is aligning with another thrust.
Talk about harmonic orchestration!
I’m not here to debate the toxicity of news. I write to bring you the news, as filtered by my deranged microcosm. Oh, and I’m here for one other reason—to extract money from the stock exchange.
I’m up over one and a quarter percent today which has helped return air to my lungs. It was getting hard to breathe there for a minute. I had nine-one dialed on my rotary phone, entirely prepared to round out the final one only a moment before fainting.
Now I’m going into the weekend with confidence, unjustified as it may be, restored. I need weekends, you see, to allow me to gather my thoughts so I can survive five days of market flow.
I bought back into a long time favorite company and short term favorite stock of mine, American Apparel. They are the Cadillac of undershirts, which is great, I wear them almost every day. But buying their stock was simply a matter of financing more tee shirt purchases based on a chart I like. This thing has been dead money for-e-ver, and someone tossed in the towel these last two days, “fuck it” and I was there to claim their shares. I’ll AT THE LEAST, ride these babies back up to the dead money zone. At the most, we’ll finally get a pulse and I’ll ride a pumper. There’s a lot of good investors who believe in this name.
Heading into the bell, I’d like to open my book to your criticism. Here are my swing holdings, listed largest to smallest:
YGE, AIXG, RVLT, CREE, END, YELP, F, APP, MHR, LO, FB, IMMR, and O
I’ll be checking in this weekend with some data stuff I’ve been working on in the /ES.If you enjoy the content at iBankCoin, please follow us on Twitter