iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
4,121 Blog Posts

Pressing Hot Momentum Stocks

I have this fascination with loading more work onto my person when the load is already nearing capacity.  Should I be taking short dated option positions into perhaps the busiest Friday of my professional career?

No señor

There often comes a time when you must decide where to allocate your resources.  When you speculate, this time is 5-6 times per day and remember, no position is a position, too.  There are other resources, though.  Precious ones like time.  I only have one set of eyes and need more.

I have sustained myself on three snicker bars today, my thoughts, they are shit.

I am pressing the envelope with my long exposure, riding several hot names through an even hotter marketplace.  Perhaps this keeps me warm while I navigate the treacherous arctic roads of Michigan.  It’s aggressive momentum trading or booze I suppose.

Top stocks into Friday’s trade: RVLT (still? Yes), ENPH, and BAC which I do not own.

I saw a smart, young whippersnapper on Twitter buying BAC into the close today.  I like that trade.  It beats fighting the tape, like Douglas Kass.

Regarding March madness: It is looking like a neck and neck race between BBRY and SZYM.  Drake needs some Tim Horton’s in the morning to get the energy flowing.

TBD

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10 comments

  1. mateo

    Sounds like you’re stretched thin, but… do you know anything about ILED? I saw it, thought, hmmm… and bought 50,000 shares for $330. Good fun.

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  2. UncleBuccs

    Raul, posting so you know I’m still here. Looks as if the February we were looking forward to is here. Late…but here.

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  3. matt_bear

    RVLT is pissing me off. I’ve had significant amounts of capital tied to this slow moving bitch. I’m getting antsy. It’s why I’m better with options.

    I too am in ANGI and BAC.

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