You Have To Be Cool

The two way action on the day made for a wonderful day trading environment.  So did the big range.  My emotional capital however is completely wiped out.  I feel like I just went on a three day bender in Mexico and all I have is a bag full of pesos to show for it.

Physically, I checked out for the day when I got stopped out of Zillow during the fast afternoon move lower in the NASDAQ.  On twitter, I was talking this trade out, saying if sellers cannot get price below $70 they lose.  Yet I stopped myself out at $70.51 during the 3 minute candle that marks the low on the session.  It was a small and normal loss, but it was a mistake, my first mistake in weeks.  I took one more trade in the /NQ but was otherwise sidelined for the day with a dizzy head.

The problem is I now have 9% cash when I wanted to be all in early into any potential ramp…so I could sell into it.  Now I may have to keep that 9 percent sidelined unless something truly enticing shows up.

It has been a pleasure riding in the small sidecar I affixed to Fly’s time machine.  Through my tinted goggles I still managed to see and procure a large swath of FSLR and YGE shares, and a nice side of TWTR.  Who was buying TWTR when the market was making new session lows yesterday?   Yeeep…

And those TWTR shares pair nicely with my very large lot of YELP, a company who affords me the opportunity to pen comical restaurant satire whenever I feel the itch.  YELP is giving a voice to the people and it keeps the service industry honest.  Also, if your restaurant makes it on YELP, you are deep in the pockets of tourists.

RVLT went to the precipice of death, starred out over the crag, and decided to walk off the ledge.  Perhaps buyers can build off of this.  Perhaps they can’t.  Either way there are billions of lamps that need to be replaced with LEDs.  Someone will do it, hopefully with dependable CREE components.

TSLA did not keep going up today.  We like stocks that keep going up, like GOGO.  Maybe tomorrow it will go up, like Elon’s private rocket program.  The man is successfully running a private space program and people question whether he can build an electric car empire.  Pitiful, small minded, imbeciles…all of them.

AMBA reports tomorrow and every wannabe X-game star needs this camera.  I talked to some automotive crash test dummies over the holiday who were telling me they [reluctantly] switched most of their collision filming over to GoPros after the young whippersnappers insisted.  The applications are endless.  With drones on the rise, how can Ambarella lose?  I’m asking for a friend.

My top picks into the close of the week are purely chart based, and also my two largest holdings: YELP and BALT.

I could talk about other stocks, but I prefer to keep my mouth where my money is which keeps everything you read here honest.

I am off for some aquatic therapy.

http://youtu.be/Sp2eRmsCxkI

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