Into the weekend I would like to very briefly run down my portfolio holdings and the reasoning behind each. This information is coming off the rip after a long week. Thus any thing with a flimsy justification may need to go.
Here we go, from largest to smallest holding:
Cash – I have 20 percent of my book sitting cash. I’m eager to deploy it on the long side
SKF – I’m using a three year volume profile chart to view BRK/B, WFC, GS, C, etc. and I see a great volume pocket below prices. Plus they’ve broken down off their respective highs and are printing tight bear flags. The overall market is on unstable footing and I want some levered short exposure.
RVLT – Yes, it’s my largest long holding and currently the bane of my stock existence. It earned largest ranking when I blew out my YGE and YELP shares this week. They were my prior biggies. The stock is trading worse than a bag of dicks at a hot dog eating contest. There are no buyers and presumably a few large sellers cashing in on the 600% plus move that took place up unto the day I bought the stock. The business model is stronger than ever, the shift in focus from consumer products to large scale retrofits is brilliant, and the investor population is still very shortsighted on the opportunity in lighting. I still love this name, and I plan to cost average in through several quarters.
AIXG – My German LED company. I love LED technology and I see this company as a beneficiary in Europe due to their energy awareness. The stock has been dead money for months and I continue to hold. Nothing has changed here, but this consolidation has excellent potential energy.
END – Huge short interest, oil exploration, and a hot chart.
CREE – Same as RVLT and AIXG, I want these names until incandescent and HID bulbs die. I’ve been in since January, why exit now?
TRLA – I love their app and use it constantly, the chart looks great, Zillow has been a beast, value added to realty pros, and Le Fly is in the name.
CLF – Tight consolidation, looks like it wants to rip and if it doesn’t the risk is really low. OA went YOLO on it this week too, although it never moved so that may have been a small loss.
FB – Marky Mark and the poke crew are getting it done. Holding
LO – Blu eCigs and menthol cigarrets won’t actually get banned. Interest rates need to stop rising, it’s making the coupon less attractive.
F – Still a strong chart and a nice product line. This is a patriot long still kicking around my port since the 4th of July
IMMR – haptics are way underutilized by porn. I think the porn industry will drive growth here 😉 Also, a Le Fly favorite.
USO – I should still be large but I took a bunch of scales on the way up. I almost sold it all. Look, that would have been really dumb.
O – it too pays a large coupon which is losing allure with bond rates rising. I traded my favorite reversal pattern really well in here with a large position. The locked in gains dipped my cost basis way down here. So I’m basically break even on the idea, waiting to collect some coupon.
That’s my holdings. I’m interested in a few other names, like SFM and GOGO, but will wait until next week to act (obviously).
Have a great weekend everyone,