PAY ATTENTION TO 3906.50

The Nasdaq is in the midst of a Ricky Bobby shake’n’bake.  Or, this is the start of something much more painful and powerful.  For now, keep an eye on this one level.  It matters because it is the low volume node that denotes the thick of intermediate term value and the potential to explore north.

Use it like your afternoon pivot, paying particularly close attention to where we close relative to the price:

07152014_IntTerm_NQ_noon

The Four Questions

What has the market done?

Big gap lower overnight on fundamental news.  Open auction outside of range finds strong conviction responsive buying.  Nasdaq futures opened at a perceived discount to value.

What is it trying to do?

The market is now attempting to discover what the value of the contract is.  We are out of balance and thus we attempting to define key responsive sellers after a drive higher.  We are starting to see counter rotations lower since the close of the European session, especially before the low volume node at 3883.

How good of a job is it doing?

We are doing a good job bidding higher, the volume is average and the rotations are enticing the other time frame to participate.

What is more likely to happen from here?

From here we are likely to begin coming into balance.  The range on the NQ is already 50 points wide.  The short term trend is up making the possibility of a complete gap fill to 3886 distinct, especially if we trade through this LVN at 3883.  Otherwise we retrace back to today’s current  VPOC at 3868.25 and balance out into the close.

CHARTS:

07102014_IntTerm_NQ_7day_afternoon

07102014_marketprofile_NQ_afternoon

One Trade

If consistent profitability as a futures trader was easy then everyone would do it.  Volatility is so low right now that most traders are frustrated by the dead index markets.  The more versed players have taken their trading elsewhere to crude oil and metals to hunt down some volatility to trade. I still like what is happening in the Nasdaq.

Swing traders are back in the captain’s chair, beguiled by the warm drift of the summer tape.  Meanwhile Janet Yellen has been watching us kick bears up slides inside the schoolyard.  She blew her whistle today, sending a few ADD addled speculators to the principal’s office.  The clever swingers are getting away with rolling bears up hills behind the gymnasium.  The downright shameless have taken to the trash heaps, having their kicks just beyond 4th grade teacher Yellen’s watch.

This is the market we are in.  Today was the day after a trend day.  We had below average volume during the opening hour, we had an in-range open auction (scalpers paradise, the best days to fade extremes back to the mean, and just before I took trade #7 we one ticked yesterday’s high of the session.

Let all of that context settle in a bit, it really is a mind full.

Had I resisted just this one trade, trade #7, my day would have been profitable.  Had I exercised a proper flex of my contextual research, work I take great pride in, my win rate would have been 70% on the session instead of a failing 63.6%.

Here’s trade # 7:

07022014_trade7

In summary, although we are near record lows in volatility, am still 1 trade away from being able to turn a profitable trick.  I am pretty sure I can figure out one less trade to take with a consistent enforcement of context.

DEVELOPING…

The Day After a Trend Day

Today traded about exactly how we expect trade to occur the day after a trend day.  You typically see a few individual names stealing the show with some lovely follow through while the index goes nowhere, balancing along the upper quadrant of the prior day trend.

This is acceptance of the higher prices, at least in the short term.

I love doing my analysis, and understanding market profile, and how it allows me to have a sense of understanding as we navigate the markets.  The problem is always execution.  I need to be more mindful of my own analysis.  In this case, we opened in range, had an open auction opening type, and it is the day after a trend.  This is chop city paradise, where scalpers reign supreme.  Yet, here I was, trying to press momentum on the dap in trades numbers 6,7, and 8.  Trade # 8 earned a C letter grade because I do not hate the entry, however it was way out of context to expect downside follow through on the day.  I was ignoring context when I made that trade and it cost me 7 ticks.  Trades number 3,4,10 and 11 were the most quality, sure trades.

Here is the stats and the trades:
07022014_performancereport
On the day I was up just a touch, despite GPRO and TWTR biting into me.  Long term holds are tough, especially if you do not separate them out into a different book, because you have to be more passive in your management of them.  I swapped out TSL for ONVO, bought some AFOP, closed RGSE, and bought some July GOGO calls.

Reminder, tomorrow is a half day with US markets closed for trade after 1pm eastern, and all day Friday.

The 14 Year Gap

Nasdaq futures are trading a touch higher overnight in a balanced session of trade.  ADP Employment change came in better than expected this morning and there was a brief pop in the futures which was quickly faded.  This suggests yesterday’s price action might have been sufficient to bake in some optimistic economic data points.  We have US Factory Orders at 10am, crude oil, distillate, and gasoline inventories at 10:30, and a lecture from Yellen at the IMF in Washington at 11am.

Tomorrow is a holiday shortened trading session and the day is loaded with economic releases including an European Central Bank Rate decision at 7:45 am and NFP stats at 8:30.

As the Nasdaq Composite climbs into 2000 price levels, what jumps to my attention is March 31, 2000.  We closed the 1st quarter of trade in 2000 with a big red week.  April started with a gap lower and the market never looked back, falling into the abyss for a good two years.  Nature is effective at filling voids or vacuums or gaps, and when the market left one behind for 14 years I know it drove a few speculators nuts to see this gap remain.  Well, here we are 14 years later, pressing back up into this gap.  This is a Nasdaq Composite Index price level, thus I do not have a specific future’s contract price level to reference, but I think it is likely we fill this gap up to 4572.83, see below:

07022014_Weekly_NQ

On the intermediate term timeframe we can see the in-control buyers exhibited a high degree of confidence yesterday.  There order flow was crystal clear from the opening bell when they gapped up and drove higher.  It was essentially off to the races for the duration of the morning.  The market finally came into balance late into the session and the balance carried through into the overnight.  We are left with an interesting low volume node which aligns well as an early pivot point for today’s expected consolidation-type trade:

07022014_IntTerm_NQ

I have noted my short term observations on the following market profile:

 07022014_marketprofile_NQ

Trend Days Are Fast

And although my primary goal is to become a professional futures trader, my focus was primarily on increasing my longs this morning.  This multitasking does not allow for timely trade entry in the futures and I was a few seconds behind on my attempts to get long.

My only trade was a loser, a short, when we 1-ticked the high just before the European session came to a close.  We often see a decent bit of order flow around the 11:30am mark and we were far enough from the EMA to attempt a short.  However, it was the more difficult and less sure trade.

Anyhow, you can see it below:

07012014_performancereport

During the morning I bought more ANGI calls, closed my DDD calls +500%, added to FRO, and bought more WB.  We are squeezing up into dot com madness, and although watching an afternoon soccer match was my ruin last Tuesday, I believe to USA game is a good omen for this Duck of a day.

Time To Turn Some Tricks

Well the second quarter is in the books, and although a great many of you traded your asses off to get back in the green territory, and I congratulate you, I made my situation worse this quarter, tacking on an additional 8.28% in losses, pinning me at -16.51% YTD.

There were so many mistakes along the way.  There were also some tumultuous victories.  Net-net I lost money and that is not why any of you come to iBankCoin.  You come to see gregarious writers and traders who make money with poise and grace and a generous bit of panache.  These conditions during Q2 caught me pretty flat footed and when the time came to drop the hammer, well I dropped it only to scurry over to it and pick it back up before diving in my bunker.

To break the mistake loop I enacted some new rules, like maxing out at 12 positions.  This has already improved my focus and I am coming into the month with some nice positions in tote.  My cash is high, over 50% and I have a few places I want to stash said cash before all is said and done this week.

I have four investments I intend to hold through Q3 and perhaps Q4 – TWTR, LO, TSLA, and GPRO

I jumped on Senior Tropicana’s magic carpet at the end of May and have XOM shares purchased 46% cheaper than they are today. This position is also an investment of sorts, one that is mostly dictated by the good doctor.  I have some risk management in place, but with 46%  cushion I count this position as an investment as well.

I have July calls in DDD and ANGI.  Something tells me we will be rolling in Angela’s ashes before the month is over if you know what I mean.

The rest are trades – RGSE, WB, FRO, TSL, and GRNH

I intend to ride this steed, and other steeds to glory before the year is out, propelling my book to new heights and performing on the level of my internet peers and role models all nestled within the confines of iBankCoin.

May your cup runith over in Q3

Be a Profressional, Go Pro

There are good products and then there are great products, and there are good companies who only create one great product and then fizzle.  However, we are occasionally blessed with a great company who also happens to make great products and Go Pro fits the bill.

Most gents my age can’t think about investments because they have to think about their next meal or their keeping their low level corporate job to feed their 2036 mutual fund, thing.  I must make several long term thoughts in order to achieve infinity pool status.

Glassdoor employee reviews of the place are not the best.  One employee was disappointed because the free food they offer their employees, yeah it’s not organic.  I could see that being reason for a low rating.  Overall, even with less than stellar employee feedback in public forum, they are still a cool tech company in California.  This allows them to pay people less, very nice.

GoPro market cap is currently valued just under 5 billion.  One month ago Apple paid 3 billion for Beats by Dre.   These are headphones.  There is a potential symbiotic bond between Apple and Beats, perhaps something to bolster their music business.  Even without digging into the motives that drove Apple to value Beats at 3 billion, we can see that in-demand wearable tech is worth billions.  If simple headphones can fetch 3 billion, then I see no reason why simple HD video cameras cannot fetch 9.

Finally, the GoPro is not just a great product.  It has achieved the ubiquitous feat of going completely viral and garnering mass cultural acceptance.  Children strap these cameras to their chests and heads with pride.  Try walking around with Google Glass on with pride.  Trying to hard brah.  It is the Red Bull of cameras.  You don’t have to walk around looking like a bunch of Starship Troopers.  Cultural acceptance also gave Beats the 3 billion dollar price tag.

So who will buy GoPro?  I could name a few, but maybe you could flex your brain muscles a bit on this one.

Raul is invested until further notice.  Here’s to hoping it does not go all Twitter on me.

Price target $72

I See You Have Taken Fancy To My Investment

Camera maker GoPro (ticker: GPRO) is having a solid market premier, rewarding first day buyers with over 20% in gains.  Now of course, this is drawing the attention of media jack asses, none of which suggested buying the company yesterday.  A few say it is a buy here, a few are already calling it ‘frothy’.  These people are not on the television to help you in any way.  They do not want to converse with you and learn and grow, NO.  They want to entertain you with their jokes and looks.

Here at the Raul blog we live under a cloak of sorts, skating by on lower than average view counts and continually observing, studying, and hypothesizing the market.  This is science, live, with a touch of style.  As any scientist will tell you, failure is just as informative as success, if you allow it.

GoPro will go higher, lower, nowhere for a while based on nothing.  I could see here and I might, to lock in the quick gains.  But then I will be tasked with creeper stalking GoPro to ensure I do not miss the next move, praying for a dip and sacrificing Amish hormone free range chickens to the gods for the gift of a dip.  It is a ton of work and in this heat, it can be downright exhausting.  Or I can just take it off my screens and call it an investment, just like my TWTR, LO, and until Fly says otherwise XON.

Do not read too far into the GoPro move.  Yes this is a great company and one of the finest tangible products introduced to my generation, right up there with the iPhone, the Nest, Tesla Model X, e-cigarettes, and Coors light silver bullet power can/bottles.  But, this chart is still in its infancy and may not take shape for a few quarters.  Are you prepared to take a 2-3 quarter drawdown?

The Important Matter of Investments

I like to keep a few long term ideas in the mix while I frivolously commit and ditch random tickers day by day.  That is because a few companies possess enough unique qualities to make me want to work for them.  And I figure, if I want to work for a company, then I want to own their shares for a few years.

Sometimes this works out very painlessly, like Blu e-Cig maker LO.  I have been collecting a dividend and my capital has appreciated over 20 percent.  Other times I go to bed with a stock, sticking by its side through rough times and continually working with the stock as it progresses through time.  This is much less enjoyable initially but the eventual fruit will taste that much sweeter.

Enter Twitter—oh sure, it has done well these last few weeks.  Some traders caught the entire move and walked away handsomely paid (h/t @RaginCajun).  Other traders caught a few days of the move and are happy, treating TWTR much like any other tradable ticker.  I on the other hand, am still in the red on Twitter, -18.6% to be precise.  Even down this much, the position is my largest and over 10% of my book.   It was built when my book was much larger than it is today.  It was built to be a 10% position when my book was about 20% higher than it is worth today.  I will ride it for five more years if I must, or until something that actually stands a chance at disrupting this media behemoth arises.  It is that big of a disruptive force.  I might even buy more.

I added a third investment to my books today, one that is likely to feel odd and misunderstood for several quarters.  I bought GPRO.  This camera is a massive disruption.  For a while, I was committed to AMBA because they supplied many of the Go Pro components, but now I can own the pure play and I will not be missing that opportunity.  If silly Dr. Dre headphones matter, than Go Pro REALLY matters.

Investments aside, I closed out my F calls and bought some WB and GRNH.  I am back in the pot trade and WB is looking for some sympathy action with social media on blast during FIFA WORLD CUP.  GO USA, today we advanced while losing.  It felt like No Child Left Behind.  #merica

PAY ATTENTION TO 3906.50

The Nasdaq is in the midst of a Ricky Bobby shake’n’bake.  Or, this is the start of something much more painful and powerful.  For now, keep an eye on this one level.  It matters because it is the low volume node that denotes the thick of intermediate term value and the potential to explore north.

Use it like your afternoon pivot, paying particularly close attention to where we close relative to the price:

07152014_IntTerm_NQ_noon

The Four Questions

What has the market done?

Big gap lower overnight on fundamental news.  Open auction outside of range finds strong conviction responsive buying.  Nasdaq futures opened at a perceived discount to value.

What is it trying to do?

The market is now attempting to discover what the value of the contract is.  We are out of balance and thus we attempting to define key responsive sellers after a drive higher.  We are starting to see counter rotations lower since the close of the European session, especially before the low volume node at 3883.

How good of a job is it doing?

We are doing a good job bidding higher, the volume is average and the rotations are enticing the other time frame to participate.

What is more likely to happen from here?

From here we are likely to begin coming into balance.  The range on the NQ is already 50 points wide.  The short term trend is up making the possibility of a complete gap fill to 3886 distinct, especially if we trade through this LVN at 3883.  Otherwise we retrace back to today’s current  VPOC at 3868.25 and balance out into the close.

CHARTS:

07102014_IntTerm_NQ_7day_afternoon

07102014_marketprofile_NQ_afternoon

One Trade

If consistent profitability as a futures trader was easy then everyone would do it.  Volatility is so low right now that most traders are frustrated by the dead index markets.  The more versed players have taken their trading elsewhere to crude oil and metals to hunt down some volatility to trade. I still like what is happening in the Nasdaq.

Swing traders are back in the captain’s chair, beguiled by the warm drift of the summer tape.  Meanwhile Janet Yellen has been watching us kick bears up slides inside the schoolyard.  She blew her whistle today, sending a few ADD addled speculators to the principal’s office.  The clever swingers are getting away with rolling bears up hills behind the gymnasium.  The downright shameless have taken to the trash heaps, having their kicks just beyond 4th grade teacher Yellen’s watch.

This is the market we are in.  Today was the day after a trend day.  We had below average volume during the opening hour, we had an in-range open auction (scalpers paradise, the best days to fade extremes back to the mean, and just before I took trade #7 we one ticked yesterday’s high of the session.

Let all of that context settle in a bit, it really is a mind full.

Had I resisted just this one trade, trade #7, my day would have been profitable.  Had I exercised a proper flex of my contextual research, work I take great pride in, my win rate would have been 70% on the session instead of a failing 63.6%.

Here’s trade # 7:

07022014_trade7

In summary, although we are near record lows in volatility, am still 1 trade away from being able to turn a profitable trick.  I am pretty sure I can figure out one less trade to take with a consistent enforcement of context.

DEVELOPING…

The Day After a Trend Day

Today traded about exactly how we expect trade to occur the day after a trend day.  You typically see a few individual names stealing the show with some lovely follow through while the index goes nowhere, balancing along the upper quadrant of the prior day trend.

This is acceptance of the higher prices, at least in the short term.

I love doing my analysis, and understanding market profile, and how it allows me to have a sense of understanding as we navigate the markets.  The problem is always execution.  I need to be more mindful of my own analysis.  In this case, we opened in range, had an open auction opening type, and it is the day after a trend.  This is chop city paradise, where scalpers reign supreme.  Yet, here I was, trying to press momentum on the dap in trades numbers 6,7, and 8.  Trade # 8 earned a C letter grade because I do not hate the entry, however it was way out of context to expect downside follow through on the day.  I was ignoring context when I made that trade and it cost me 7 ticks.  Trades number 3,4,10 and 11 were the most quality, sure trades.

Here is the stats and the trades:
07022014_performancereport
On the day I was up just a touch, despite GPRO and TWTR biting into me.  Long term holds are tough, especially if you do not separate them out into a different book, because you have to be more passive in your management of them.  I swapped out TSL for ONVO, bought some AFOP, closed RGSE, and bought some July GOGO calls.

Reminder, tomorrow is a half day with US markets closed for trade after 1pm eastern, and all day Friday.

The 14 Year Gap

Nasdaq futures are trading a touch higher overnight in a balanced session of trade.  ADP Employment change came in better than expected this morning and there was a brief pop in the futures which was quickly faded.  This suggests yesterday’s price action might have been sufficient to bake in some optimistic economic data points.  We have US Factory Orders at 10am, crude oil, distillate, and gasoline inventories at 10:30, and a lecture from Yellen at the IMF in Washington at 11am.

Tomorrow is a holiday shortened trading session and the day is loaded with economic releases including an European Central Bank Rate decision at 7:45 am and NFP stats at 8:30.

As the Nasdaq Composite climbs into 2000 price levels, what jumps to my attention is March 31, 2000.  We closed the 1st quarter of trade in 2000 with a big red week.  April started with a gap lower and the market never looked back, falling into the abyss for a good two years.  Nature is effective at filling voids or vacuums or gaps, and when the market left one behind for 14 years I know it drove a few speculators nuts to see this gap remain.  Well, here we are 14 years later, pressing back up into this gap.  This is a Nasdaq Composite Index price level, thus I do not have a specific future’s contract price level to reference, but I think it is likely we fill this gap up to 4572.83, see below:

07022014_Weekly_NQ

On the intermediate term timeframe we can see the in-control buyers exhibited a high degree of confidence yesterday.  There order flow was crystal clear from the opening bell when they gapped up and drove higher.  It was essentially off to the races for the duration of the morning.  The market finally came into balance late into the session and the balance carried through into the overnight.  We are left with an interesting low volume node which aligns well as an early pivot point for today’s expected consolidation-type trade:

07022014_IntTerm_NQ

I have noted my short term observations on the following market profile:

 07022014_marketprofile_NQ

Trend Days Are Fast

And although my primary goal is to become a professional futures trader, my focus was primarily on increasing my longs this morning.  This multitasking does not allow for timely trade entry in the futures and I was a few seconds behind on my attempts to get long.

My only trade was a loser, a short, when we 1-ticked the high just before the European session came to a close.  We often see a decent bit of order flow around the 11:30am mark and we were far enough from the EMA to attempt a short.  However, it was the more difficult and less sure trade.

Anyhow, you can see it below:

07012014_performancereport

During the morning I bought more ANGI calls, closed my DDD calls +500%, added to FRO, and bought more WB.  We are squeezing up into dot com madness, and although watching an afternoon soccer match was my ruin last Tuesday, I believe to USA game is a good omen for this Duck of a day.

Time To Turn Some Tricks

Well the second quarter is in the books, and although a great many of you traded your asses off to get back in the green territory, and I congratulate you, I made my situation worse this quarter, tacking on an additional 8.28% in losses, pinning me at -16.51% YTD.

There were so many mistakes along the way.  There were also some tumultuous victories.  Net-net I lost money and that is not why any of you come to iBankCoin.  You come to see gregarious writers and traders who make money with poise and grace and a generous bit of panache.  These conditions during Q2 caught me pretty flat footed and when the time came to drop the hammer, well I dropped it only to scurry over to it and pick it back up before diving in my bunker.

To break the mistake loop I enacted some new rules, like maxing out at 12 positions.  This has already improved my focus and I am coming into the month with some nice positions in tote.  My cash is high, over 50% and I have a few places I want to stash said cash before all is said and done this week.

I have four investments I intend to hold through Q3 and perhaps Q4 – TWTR, LO, TSLA, and GPRO

I jumped on Senior Tropicana’s magic carpet at the end of May and have XOM shares purchased 46% cheaper than they are today. This position is also an investment of sorts, one that is mostly dictated by the good doctor.  I have some risk management in place, but with 46%  cushion I count this position as an investment as well.

I have July calls in DDD and ANGI.  Something tells me we will be rolling in Angela’s ashes before the month is over if you know what I mean.

The rest are trades – RGSE, WB, FRO, TSL, and GRNH

I intend to ride this steed, and other steeds to glory before the year is out, propelling my book to new heights and performing on the level of my internet peers and role models all nestled within the confines of iBankCoin.

May your cup runith over in Q3

Be a Profressional, Go Pro

There are good products and then there are great products, and there are good companies who only create one great product and then fizzle.  However, we are occasionally blessed with a great company who also happens to make great products and Go Pro fits the bill.

Most gents my age can’t think about investments because they have to think about their next meal or their keeping their low level corporate job to feed their 2036 mutual fund, thing.  I must make several long term thoughts in order to achieve infinity pool status.

Glassdoor employee reviews of the place are not the best.  One employee was disappointed because the free food they offer their employees, yeah it’s not organic.  I could see that being reason for a low rating.  Overall, even with less than stellar employee feedback in public forum, they are still a cool tech company in California.  This allows them to pay people less, very nice.

GoPro market cap is currently valued just under 5 billion.  One month ago Apple paid 3 billion for Beats by Dre.   These are headphones.  There is a potential symbiotic bond between Apple and Beats, perhaps something to bolster their music business.  Even without digging into the motives that drove Apple to value Beats at 3 billion, we can see that in-demand wearable tech is worth billions.  If simple headphones can fetch 3 billion, then I see no reason why simple HD video cameras cannot fetch 9.

Finally, the GoPro is not just a great product.  It has achieved the ubiquitous feat of going completely viral and garnering mass cultural acceptance.  Children strap these cameras to their chests and heads with pride.  Try walking around with Google Glass on with pride.  Trying to hard brah.  It is the Red Bull of cameras.  You don’t have to walk around looking like a bunch of Starship Troopers.  Cultural acceptance also gave Beats the 3 billion dollar price tag.

So who will buy GoPro?  I could name a few, but maybe you could flex your brain muscles a bit on this one.

Raul is invested until further notice.  Here’s to hoping it does not go all Twitter on me.

Price target $72

I See You Have Taken Fancy To My Investment

Camera maker GoPro (ticker: GPRO) is having a solid market premier, rewarding first day buyers with over 20% in gains.  Now of course, this is drawing the attention of media jack asses, none of which suggested buying the company yesterday.  A few say it is a buy here, a few are already calling it ‘frothy’.  These people are not on the television to help you in any way.  They do not want to converse with you and learn and grow, NO.  They want to entertain you with their jokes and looks.

Here at the Raul blog we live under a cloak of sorts, skating by on lower than average view counts and continually observing, studying, and hypothesizing the market.  This is science, live, with a touch of style.  As any scientist will tell you, failure is just as informative as success, if you allow it.

GoPro will go higher, lower, nowhere for a while based on nothing.  I could see here and I might, to lock in the quick gains.  But then I will be tasked with creeper stalking GoPro to ensure I do not miss the next move, praying for a dip and sacrificing Amish hormone free range chickens to the gods for the gift of a dip.  It is a ton of work and in this heat, it can be downright exhausting.  Or I can just take it off my screens and call it an investment, just like my TWTR, LO, and until Fly says otherwise XON.

Do not read too far into the GoPro move.  Yes this is a great company and one of the finest tangible products introduced to my generation, right up there with the iPhone, the Nest, Tesla Model X, e-cigarettes, and Coors light silver bullet power can/bottles.  But, this chart is still in its infancy and may not take shape for a few quarters.  Are you prepared to take a 2-3 quarter drawdown?

The Important Matter of Investments

I like to keep a few long term ideas in the mix while I frivolously commit and ditch random tickers day by day.  That is because a few companies possess enough unique qualities to make me want to work for them.  And I figure, if I want to work for a company, then I want to own their shares for a few years.

Sometimes this works out very painlessly, like Blu e-Cig maker LO.  I have been collecting a dividend and my capital has appreciated over 20 percent.  Other times I go to bed with a stock, sticking by its side through rough times and continually working with the stock as it progresses through time.  This is much less enjoyable initially but the eventual fruit will taste that much sweeter.

Enter Twitter—oh sure, it has done well these last few weeks.  Some traders caught the entire move and walked away handsomely paid (h/t @RaginCajun).  Other traders caught a few days of the move and are happy, treating TWTR much like any other tradable ticker.  I on the other hand, am still in the red on Twitter, -18.6% to be precise.  Even down this much, the position is my largest and over 10% of my book.   It was built when my book was much larger than it is today.  It was built to be a 10% position when my book was about 20% higher than it is worth today.  I will ride it for five more years if I must, or until something that actually stands a chance at disrupting this media behemoth arises.  It is that big of a disruptive force.  I might even buy more.

I added a third investment to my books today, one that is likely to feel odd and misunderstood for several quarters.  I bought GPRO.  This camera is a massive disruption.  For a while, I was committed to AMBA because they supplied many of the Go Pro components, but now I can own the pure play and I will not be missing that opportunity.  If silly Dr. Dre headphones matter, than Go Pro REALLY matters.

Investments aside, I closed out my F calls and bought some WB and GRNH.  I am back in the pot trade and WB is looking for some sympathy action with social media on blast during FIFA WORLD CUP.  GO USA, today we advanced while losing.  It felt like No Child Left Behind.  #merica

Previous Posts by Raul3
Fake Baked
2 comments