Pressing Longs

Raul3 Thu Feb 20, 2014 5:14pm EST 2 Comments

So I lost my parlor bets on GRPN, options I bought on a deal yesterday afternoon when the going was tough. A winner would have been a pleasant cash infusion, parlayed into helper robots and what have you. I am chopping wood over here, aggressively going in circles with my account, making little progress toward positive ROI.

Which would be fine if I was mostly in the cash, but I am -2% on the year while being a minimum of 90% long and often with levered option instruments. By George, if I didn’t know a little bit over here, I would likely be -10% ALREADY.

Chalk it up to the old learning grid. We are learning over here.

Tomorrow could still very well propel me into green territory. I have some OWW calls which looked nice into the bell. I also have a BIG MEECH long in RVLT, CREE, LEDS, and OESX—the LED quartet. There are a few other longs on my books but it gets very boring to repeat the list. I will show the highlight reel:

I scaled TSLA down to a modest, risk tolerable size before earnings, but still participated in the gap higher. What a fantastic company and leader. I will size back in on the dips.

I too have gone to my largest long state yet in ONVO. I took a nice win on this stock late last year and have positioned to do so again. There is a big retail component to this stock, which makes it interesting [read: cray cray].

Still rocking some EXK which is 24% greener then where I found it. At this point, why sell? I will give this name plenty of room to get noisy and perhaps continue being a beast.

I took a BBRY March call position. I like the chart, not the company. I will answer to the nickname “Drake” for the duration of this trade. As you may know, 75% of males in Canada are named Drake.

Elroi is still in the shop. I took a big stride in the wrong direction with my little guy and have since corrected course. The testing continues.

That’s about it. We’re up near the highs, trying to squeeze resilient shorts, and my book is grotesquely long and begging to be corrected. Somehow, I still sleep like a little baby duck.

Nighty night, keep your OPEX tight! [returns to laboring on robots]