Headstrong into The Hole

The NASDAQ cannot find a solid bid as the month of April progresses.  Interestingly enough, many people live a grand life outside of the market, sashaying about the globe without much worry about the financial markets.  To them, this has just been another month of doing whatever their preferred vocation is.  Yet here we are, some of us flexing on the short side and others fighting the tape.  I am fighting the tape, the latter party to this fiasco.  The one who is being clunked on the head 5-6 times per working day.

I have not put together a winning position once this week.  As of the closing bell I was all in.  I have a slight shade of old man with one position, LO.  The rest is pure momentum crack.  I am certain this book would cause a stroke in most:

CALLS: FB 62.50s (-70%) KNDI 17.5 (-95.69% they’re dead) WUBA 50 (-52%) YELP 82.50 (-98% dead) GOGO (-84% still alive)

STOCK: AMBA (-7%) CREE (-9% on my LIFOs) DDD (-8%) ENPH (-13%)  IMGN (-25%) OESX (-11%) RVLT (-12% on my LIFO) SINA (-4.5%) TSLA (52.15%) TWTR (-21%) and YGE (-11.7%)

Rest assured, most of these stocks will snap back with great vengeance and vigor.  Sadly, all of them will not.  But, these are questions for Sunday strategy and decisions for next week.  Have a great weekend, rest, get outside, eat a good sampling from Costco, for Monday we must navigate our down dogged market.

-16% YTD

http://youtu.be/yuR1rVVf358