Midway through the morning session I was taken out of the action when one of my PCs went haywire. Funny how a touch screen monitor reacts to a calculator being thrown at it, but I digress. There is something very exciting about the market of stocks right now, something almost intoxicating. The intermediate term participants are jockeying for position and creating a great degree of uncertainty. From uncertainty opportunity is born. The obstacle is aversion and keeping yourself away from its deep dark corridors.
I am down two monitors on the day, from four, as a result my screen real estate has become twice as valuable and I have to simplify my operations. This is an excellent opportunity to carefully clear some clutter off my screens.
We are approaching a key turning point in the market place—earnings season is time to gird your loins. If your price action swing trade never bared fruit, you must dig up said tree and bury it. If you have a long term commitment to a stock, you must prepare for failure and ineptitude which is completely out of your company’s control. It is the whimsical nature of the market participants who will ultimately determine your short-term fate. Do not fight it, simply embrace the uncertainty and make sure you are in bed with your vision.
I have long term commitments to four companies—I am a bit of a polygamist. LO executed the most impressive land grab I have ever seen with regard to eCigarettes. Their Blu™ device swarmed party stores and gas stations like the early German Blitzkriegs of World War II. I put my long term faith in a company that executes and disrupts with that much speed and tenacity. Disruption is always at the core of my long term investments, thus my other three investments should come as no surprise.
Tesla Motors is coming up the flank, and will devastate old TBTF auto industries and their gasoline infrastructure. Their counter offensives have been impractical and unaccepted by the people who matter. Elon Musk is a visionary and one of the greatest leaders of our generation.
Go Pro is the camera on everyone’s wish list. It is durable, simple, and high definition.
Twitter is the ultimate disruptor of the most powerful force on our plant, media. The pen has conquered and build nations for 100s of years. He who controls the media controls the minds of the masses. Twitter is a way of turning the control over to the user, the consumer. It is a scary thought, but a generational disruption nonetheless. Every day someone debates making a stupid, fuck you money, offer for this company. What is it truly worth? What is the collective, real time conscience of the world worth?
All of my other positions are tactical and short term. WUBA is bringing the doom hammer down on China doubters. Next shorts to die are VNET. BIDU doubters are dead. The beatings are scheduled to continue on a daily basis as we approach the coming of the Great One, ALI-BA-BA!!!!!! (extra Indiana Jones caveman)
I will have 4 screens in a few weeks, but until then I may reduce down to my core holdings. TBD.
Doomsday approaches for WUBA shorts
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