You Rack Discipline

Today started looking and smelling like a trend day about 10 minutes into the session.  It all started with elroi getting worked over like a handrail at a roadside park.  He was long at 8:32 am, tricked into going short at 8:57 am, and dealt an uppercut for the knockout at 9:37 am.  It was painful to watch him get lit up, but it helped reveal opening type: opening drive.  This occurred atop a gap higher, atop of a nasty TWTR beat down, and certainly the big KO deal with GMCR caught a few shorts flat footed.

The stage was set for a rally.  We have PPT mojo in effect, too.

I took to my think or swim platform which was giving price quotes only, directed my browser to stockcharts.com and found KNDI was indeed looking sweet this morning.  Someone in 12631 had bought it a buck lower.  I bought a sizeable chunk, ¾ long.  Then I went out just now and bought more.

I am over here, buying Chinese electric car stocks already up eight and a half percent on the day.  The market wants to chop more of my nips off, because I lack discipline.  Or do I?  The KNDI chart looks great, and momo is concentrated to a few studs.  Thus I am concentrating on a few studs.  This either works very well, or blows my portfolio up.

Run and gun.

In other news, the solid state lighting trade is finally catching a bid, after sucking hard all year.  Funny they should perk up while OESX gets crushed post earnings.  This is all very perplexing.  I am sticking with the theme until March at least, even staying long the cheese fed goats at OESX.