Lateral Movement

I churned a bit today, waffling on PHOT intraday.  I bought MOAR PHOT, like I really needed more, and subsequently sold my new shares and more when a wave of paranoia swept over me.  I suddenly felt the fins of degenerate OTC sharks tickling my toes.  I bounced.

Then this afternoon, I allocated said funds to GRNH because I realized I needed some pot exposure.  They are running hot, so I chalked it up as a lateral move.

I did not make it far this morning, attempting to drive across town proved a waste of time, so I returned home to face the day from the mother ship.  I wonder how people hole up for weeks on end, as I find the home to mostly be a sleeping facility with nice groceries.

I was stopped out on AMBA this morning when prices dove down relentlessly.  I capitulated into the move.  Now I need to figure out where to buy back in because I like this name.

I sold out of YGE.  I have had many good trades in this name over the last 12 months.  This last one was not, and I booked a 5% loss.

After bidding in the options market for some time on WDAY, I decided I was bananas and canceled my orders.  The issue here is the NASDAQ.  It simply cannot reclaim the 33ema on the 30 minute chart.  Price has become increasingly sensitive to the moving average, and until buyers can hold price above it and get value back to migrating higher, I simply cannot get excite about adding longs.

There was a moment intraday where I thought it might get reclaimed.  It was at this moment I bought EXK.  Odd, sure, but I like this chart and figure the miners can trade in a microcosm even when the broad equity market is sweating blood.

Elroi is loving February thus far, three-for-three.  I can sense he is poised to have a solid month.  Here’s the Elroi stats:

If he stays green this month, I will be reinvesting the profits into an upgraded helmet for him.  He deserves it.

I have 28% cash and a hard time keeping it.  I want to invest it into ideas!  But I will sit, and wait for better conditions.

Get exited, for Twitter is about is rock the social media space.

If you enjoy the content at iBankCoin, please follow us on Twitter