Book Shuffle

I prefer to base my decisions on data and I suppose there is some data I have been collecting lately to support my hypothesis, but mainly I cut CREE and RVLT today on gut instinct.  They say you should listen to your gut once in a while, especially when it is filled with high quality Easter leftovers.

Since these are moves that were somewhat unexpected, and I have bought a few new positions, I think a portfolio update is in order.  Here’s my stock book, largest to smallest:

LO, TWTR, AMBA, DDD, YGE, FCEL, Z, OESX, SINA, TSLA, GRNH

I scaled some SINA today at my original entry to bring my costs basis down and give me some dry powder to buy any weakness.  I closed RVLT and CREE and I also started a 1/2 stock position in Z and a new weekly option position in YELP.  My thought is, if YELP is going to squeeze shorts, this is the week to do it so why buy more time?  I am risking a little less than 1% of my book on YELP $69’s.  Cash is at 30% which is high for me, but I don’t have as clear a picture as I want so I am keeping my cash up.

/NQ_F simulation trading extracted 13.5 points of profit on the day.