If we are really seeing an increase of Russia/Ukraine media coverage [note: media coverage because the reality is always not what it seems] then where should your money be? Come’on this is an easy question, OK I make it easier: in what country?
You have two choices really, but one is CANADA! Canadians are free to roam the world in the name of beer, hockey, and moose. Nobody gets mad at the Canadians buddy! Hence why I added back the BBRY calls I scaled off earlier this week. I am attempting to play BBRY like a delightful little fiddle while sitting on a hot tin market rooftop.
I took all sorts of odd trades today. When it was all said and done, I am very long and here is my book:
Options [calls] – Z, VJET, SINA, ANGI, GOGO, FSLR, BBRY, BAC
Stocks – HEMP, PHOT, TWTR, GRNH, RGSE, EXK, TSLA, OESX, CUDA, ENPH, VJET, LEDS, ONVO, CREE, LO, RVLT
Any one of those names could be the next headline pumper. They all still present a unique set of circumstances which merit my attention. Elon Musk intends to build a GIGAFACTORY, powered by the wind and sun, which builds battery packs using 100s of little robot servants and about 600 employees, but he is not the most progressive thinker in modern business. I truly hope this stock never pulls back enough to allow me reentry, and that I only ride my modest position to $1000. If that means getting a solid capitulation from Douglas Kass, then the millennials achieve a major win on Wall Street.
The LED trade has been dead money for many quarters. I have been in most of these stocks for many quarters. Many quarters…it’s enough to bore the meek out. Not me, for I am shameless and willing to patiently wait for this macro juggernaut to hit the tape. Generational shift. Do you think Elon will be putting god damn high pressure sodium bulbs up in the high bays of his future factory? Not a chance in hell. Natural light harvesting and LEDs are the only light sources appropriate to modern man.
We need to see financials strong next week to get us out of intermediate term balance. Market participants were flung back into the thick of balance this afternoon after we failed to auction higher. The classic 1 tick. When you see that, and the weekend is fast approaching, get your guard up. AND PLEASE, stop whining about algorithms and make one you whining whiners. Man I hate whining. STOP WHINING.
If people would take the time to learn the fundamentals of auction theory and then apply them for better or worse in real time, they would never again be surprised or disgusted by the path price takes through time. There is a beautiful harmony to the markets, and it is driven by the laws of physics in a very simple manner. There are about 100 posts where I apply market profile, in real time. Just click the category “Market Profile” on the right-hand side of this post. You may not see the categories from our mobile site.
Finally, I have a hard time with goodbyes. They reveal how much of an influence you can have on people and the impact of your presence. Be grateful for the people you see often, for one day it will all change. Raul is changing with the calendar.
Time to leap