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Tag Archives: $GS

Mid-Month Checkup

Stocks went bananas today, and our latest big shot short seller has been made to either run for his life or dig his heels in.  Nothing says welcome to the New Year like having your lolli snatched from your pudgy hand, yes my friend?  I profiled a massive seller Monday morning.  The market sat, literally for hours, while the bid in NASDAQ futures was PUMMELED with aggressive sell orders.  The market gave way and promptly sliced to the bottom of intermediate term balance.  I screwed up a bit, selling calls in TSLA that would have launched me into the stratosphere.  Instead, I only rode 90% of my book long for a much more modest ascent.

I sold some positions down today.  I scaled exposure down in CREE, TSLA, and YGE.  I closed C outright ahead of earnings which I later regretted but perhaps tomorrow will exude as genius timing, right?  Honestly, I think they rip post earnings and I wish I had a runner still.  I sold OWW finally too.  This was a December seasonality statistic trade that morphed into a swing trade before finally morphing into a waste of time.  I scratched it as I have no patience for stocks exuding insolence to a broad market on the move.  That is, unless they are sitting out a broad correction.

Today the strength in LITB caused it to swell to my largest portfolio holding.  LITB has taken the proper gaunt stance to propel itself deep into the anus of short sellers.  Something like this:


Later in the day, I scaled 1/3 of my MLNX long and parlayed it into MCP.  These are trades RaginCajun and I are navigating with our distinct SHANK and BANK strategy.  Here we are celebrating:


Lastly, I opened up some February $60 calls in FSLR.  TAN worries me, the solar ETF, but aside from that little detail, I love this FSLR chart.  Plus, if I win I get to talk smack about the old men at Goldman Satchel purse.  Making money comes first, but roasting Old Wall comes in at a close second.  I know, armature.  I don’t care.   Most of you guys are way too serious.

I have 6% cash, the market is fueled by degenerate stocks, and I am up 6% YTD.  I should just close my book and call it a year, but instead I will press on, hopefully amusing my readers in the process.

I have a bunch of selfies of myself doing birkram yoga in LULUs that I will slowly release as my LULU trade starts to work.



Want list: FB, AMBA, and GS

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Solar Continues DOWN the Path of Least Resistance


It has been one hit after another this week in the solar space, with a big EPS (LPS) whiff by SCTY, the Star Trek of solar stocks.  I don’t really have much to say about this, I’ve always known solar was bipolar with bouts of manic optimism followed by the cold knife of reality.   GREEN ENERGY AFICIONADOS, prepare to receive the thrusting sword of reality to your torso.  Solar has failed you, as will your wind turbines.

We need something better, something nuclear.

Moving on, I see nobody read my call to action at lunchtime, obviously catching turning points in the stock market is of no excitement to people of the internet.  My crowning achievement on the day was riding /ES shorts through the early move lower, booking my gains, then slapping on a full size GS long a few pennies off the low of the day.  Grace under fire it was, executing that move while YGE gets lit the fuck up.

The afternoon was mostly quiet, scalping a long, and then a short amidst the /es chop.  I still hold 30% cash in my swing portfolio, but the net is now long, no hedges to anchor me down should the market set sail Thursday.

For the day, I was down 1 percent in my swing portfolio and up 200 bones or clams or bucks on my futures.

Business owners, do me a favor and go buy some solar panels would ya?

Make sure they’re “Made in China”



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You know I am.  Today’s weakness is a good opportunity to look at your favorite names, the real winners, the ones that got away from you, the kippers, the big salamis, and draw out some risk profiles.

So far I’ve bought GS and RVLT.

I’m considering adding to my existing CREE repertoire, I will do so, slowly.

Remember AWK?  A blast form the past…I have my eyes on some for my slow money.

I sold off my FXY long, a pseudo hedge of sorts.  All the profits I had in the name could literally vanish with five or six words from SHINTZO ABE.  No thank you, I’ll talk my payday and move on.

I could be seen in the globex market shorting the $ES_F early on, it went well.


Cash levels have been reduced to a more reasonable 30 percent, which I’m eager to deploy into further weakness.

Think Zillow.


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Concentrating My Eggs

I sold out of Goldman Sachs near the open and missed the entire rally, I was moved by the strong sell flow early on in the S&P futures.  The same sell flow also marked the low of the day, at the key price confluence highlighted this morning.  The market turned here and ran 8 handles higher closing just off the highs.

I wasn’t offered opportunity to get on board the move until late in the session, and feeling underexposed, I added to my TPX, AIXG, and FB longs.

TPX is officially my largest position, constituting about 18 percent of my portfolio.  I’m now playing a game of chicken with the shorts as we approach earnings July 22nd.  Obviously, I don’t want to carry this entire position into earnings, so I will be a seller into strength.  I wanted to make sure I had enough in the name to allow for some scaling, but still offer modest positioning into their earning’s announcement.

AIXG caught a nasty downgrade today.  Shares were off over 5 percent and I’m near my stop point so I doubled my long.  The position isn’t quite full size, more ¾, with a plan to scale off the additional shares at or near my original purchase price of $16.87Max pain is below 15/share.

I added to my FB long.  My basis in the name is right around here.  I liked it last time we were trading at 25, I like it even better now that there’s a base beneath.

As awesome as this week has been for longs, my gains are excruciatingly modest due to matters way beyond my control.  Like the clown baby who went full Rachel Ray and started “The Truth About The List” which can only be described as childish.  There’s nothing wrong with being childish, it can be rather entertaining.  As a matter of fact, I laughed out loud when I first saw the site.  I even wrote about it in my diary!

“Citizen for Internet Transparency made a funny website today” it read, “it made me laugh.”

The humor wore off when the shares gapped down nearly 4 percent today.  How much of this move is attributable to the hit site is unknown, but unless things get turned around rather quickly, it’s as if an anti-momentum laser was fired at the shares.

This feels a lot like the anxiety phase of an upward move which is what keeps me pressing my longs even though a part of me wants to cash out.  Also we’re capturing these upside levels that seemed a bit farfetched which is surprisingly bullish.


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Equities Continue Their Clumsy Appreciation

The ETF SPY is on track to print another tight and gapped candle to add to the ADR collection we’ve assembled since the big liquidation snap.  This is by far, one of the strangest and most unhealthy appreciations I’ve ever seen.

Nonetheless it is an appreciation, so longs are a-workin’

With the muted action taking place in the futures, making for a challenging day trading environment, I’ve been a spectator for most of the day.  None of my charts look broken yet none of my stocks are reaching their targeted destinations.  The exception I have is AAPL, which could be taking a turn for the worse.  It’s certainly my lowest conviction play and every hour I think about selling it.

Two of my larger positions, TPX and GS are not doing much.  I don’t intend to sell any TPX until $50.

My ANGI and Z trades seem to complement each other well.  When one is feeling down, the other is up.  Z is larger than ANGI, but not by much.  You would think ANGI was kidnapping babies given the internet sentiment.  I’ve never seen such disdain for a company, save for YELP.

People act like businesses owners have never had to grease a few palms to get the gears turning.  What the fuck?  You start a business.

ENPH is a daily epiphany since snaring the bears in that lovely trap.  This is one of those exciting new companies where I never want to sell shares, but I must.  My plan is to buy and sell but always keep a core, thus whittling my cost basis down into the threes.

FB looks kind of hot, finally.

My LED stocks are getting hammered today.  Let’s face it, they’re up huge YTD, they may not participate in every rally going forward.  I want more CREE, but will exercise stoic patience with the stretched name.

AIXG on the other hand needs to grab its schnitzel and man up ASAP.

F is extended, but I continue to view demand for this equity as pent up.

I’m currently at 13 longs.  I prefer a max 12.  But I need to buy something else unless I’m compelled to sell because something about 13 longs rubs me wrong.




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A shot was fired across the bow of every…you know what, I’m not going to poke the bears as they’re already illiquid. A shot was fired across the bow of every underinvested money manager who continues to underperform the S&P 500. You know who you are, calling yourself a professional, what with the fees and the boats and the cocaine buffets. I hope you’re checking in on a low powered Internet connection, high on “the piff” considering your options. Let me lay a few out:

Buy index futures very quickly on Sunday
Come to work Monday and buy Goldman Sachs
Quit and scrape together money to obtain a cabbie license
Dust off that resume and work you fickle Ivy League networks (read fellatio)
Go home and play with your kids, they won’t judge you

Ah ok I’m done. What a comeback today, the type you can only see orchestrated by the greatest powers in finance, true architects. The truth is, I don’t manage money for others…just the scraps I’ve worked tirelessly to gather, living for years like a hobo. I’ve always hated being wrong. But I temper that hatred, and stop being wrong when biting the proverbial bullet is the only way out. If these charts play out how they’re 75% likely to, you need to stop being wrong and ratchet up your longs, friend.

In doing so, your orders will propel my existing positions higher, appreciating my capital while I drink Bush Light and skip stones in paradise. For you see, I gathered your jetsam for two weeks. The bow of my boat could barely crest the rough waves, but safe harbor is in sight. Soon I’ll own the entire port.

All I did today, aside for living the dream, is buy more GS shares. There’s a saying, “When in doubt, buy Goldman.” I did exactly that. Have a great weekend.

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Charts Are a Bit “Meh” Until They ARE NOT!

Because when three months go by and every stock feels like a chase, you’ll pull out your weekly charts and be like, “Well when was that perfect setup and why did I miss it?  Oh, I see, it was the sketchy week leading into the 4th of July, when I tread lightly.”  And you’ll be like, “Damn, of course that’s when the opportunistic bulls went all capre diem, bastards!”  This scenario will resonate even louder for the cash-heavy vacationers…

…Raul is never on vacation, even when on vacation.

I’ve accepted that travel for the next 3-9 years must be within the confines of an acceptable internet connection.  Perhaps you’re like, “that’s sad, really.”  You shouldn’t.  I’m hungry, and we “all gone eat honey.”  Mine is simply being deferred into my early 30’s.

We’re all staring at the same charts, and it’s hard to look away.  SPY is like your favorite train-wrecked celebrity, blowing cocaine and walking through Hollywood naked.  We’re disgusted, but a part of us wonders if we’ll ever experience such luxuriously-destitute conditions.  You’re sure they’ll die or be arrested, but just then Richard Branson comes to their rescue, flying them off the streets in his spaceship.  That’s the ETF SPY summed up in one paragraph.

It’s a totally new world we live in.  Get out your space helmets friends!

So I’m Don Johnson long into tomorrow’s shortened trading session, fully prepared to hammock myself and drink cucumber water once the market closes.  Then blow shit up, and then have a remote presence Friday, like an alien.

I’m over MAX HOLDING COUNT, currently holding 14 longs, like a box of dynamite.

Cash is only 10 percent and here are my longs, listed by size, largest-to-smallest:


I’m certain this list has little value to you because, well, it’s too many names.  I’ll cut the solars on any additional weakness, but I couldn’t stand the thought of cutting them before they actually become fireworks…they’ve done nothing wrong.

O shot out of a clown cannon into the bell.  The move lower looks way overdone, and inside 12631 we talked about how this is one of my favorite setups.

AAPL made it back to my basis, so I cut it in half.  Sitting through that drawdown full sized was muy shitty.

F closed out at 52 week highs, fantastic looking chart.

ANGI is still “meh”

CREE: all year I’ve wished I had more, but all year I’ve been long so….I can’t beat myself up too bad.

GS needs to do some fancy bear-trapping, because right now, they’re asserting themselves rather well.

Enough, I grow tired.  See you homos later.

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BOOM! July



Just like that we’re thrown into the month of July, like a Christian catapulted into the Colosseum to feed the lions.  The S&P futures via the E-minis have been all over the place, allowing traders to swing both ways intra-day with relative ease.

The main takeaway from the last 22 hours of S&P moves is we made new swing highs, taking us about half way up the big liquidation snap that started on 06/19.  Even if today marks the high for the week, it’s a damn good one.

The important matter is how the market chooses to digest today’s action as we approach the kickass 4th of July.  Ideally, volume tapers off and everything becomes rather boring.  I would like boring as I sit 80 percent long, because really I only want to buy gigantic fyreworks (sic) and “blow shit up” to impress my relatives.

Imagine a scenario where we slowly print a higher low in-or-around 1600…wouldn’t that spook the bears?

Moving on to book talk, I sold ½ my YGE long for a 10 percent gain.  My track record in trading the name is still negative, but it was nice to land a win.  I still like the name even though it printed a nasty candle today.  I’m keeping my little ¼ on a tight leash.

I added to my Z and GS longs, in that order.  They’re about the same size now, which is about ¾ size.  I see a similar pattern between the two daily charts which is yet to materialize, which means I’m early, which means the high probability hasn’t set in yet, which means I may lose money.  I continue to jump the gun on my setups.

That’s all I did today, essentially pooling my wins from YGE into Z and GS.

I want to join the iBC crew on SHLD down here as I believe the price presents an opportunity to buy the name at a discount.  However, I’m backing off in hopes of slightly lower prices.  I may not see them.

Finally, remember when I bought RGLD sub $50 and then went on a dog and pony show, decreeing my greatness?  Anyhow I only scaled a small bit off and a nasty gap lower made the trade a net loss, but that’s not what I want to turn your attention to.  Instead, I want to discuss how I was offered sub $40 shares by the stock gods and not only did my spider senses fire off a buy signal, “The Fly” spoon fed us high probability statistics.  And what did I do?  NOT JUMP THE GUN!  I stuck my head in the sand.  It’s been a distraction to watch it rip 10 percent since then.  Now that I’ve penned my frustration, I no longer care.

Have a good one

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1 for 6

June, Q2, and all of its awesomeness are in the books.  Now we must press into everyone’s favorite quarter, the third, infamous for blowing up accounts.

We had a little scare there for a minute, with bonds going tits up, but so far these fears have been swept under the rug with all the other market villains.  Will the V-shaped bounce stick in PCK?  It seems unlikely.  Volume has tapered off on the bounce up, making the move appear to be of the dead cat varietal.

So I don’t think we’re out of the woods, whistling and skipping across the prairie…blue skies and Teletubbies, yet.  If you are carrying yourself in such manner, have a plan.  Otherwise a surprise cyclone could drop a garbage truck on your person, like the finger of God removing your sperm from the gene pool, benefitting humanity as a whole.

I say all this to you while I stand atop 80 percent long equities, most of which are consumer discretionary.  Why would I carry such funk stocks in this uncertain climate?  It’s simple really, like always.  The wealthy, like always, they’re confident.  They’re always confident, but lately their confidence is at all-time highs, as measured by the Consumer Sentiment Index.  One of the best ways to improve the overall quality of your life is to upgrade your bed.  Don’t sleep on some piker mattress from a garage sale, covered in sweat stains and bed bugs—filth, I spit on your bed.  Most people (not most iBC loyalists) spend close to 40% of their lives in bed, why be ghetto about it?  The answer is they aren’t, they’re buying TPX mattresses by the factory load.  Good lord these babies have a sweet margin, too.

iBC Loyalists:


Also, there’s a big consumer push into adjustable beds.  They promise ergonomics, improved circulation, and an ace reading position.  Traditionally only the elderly and hospitalized enjoyed such decadence. Now they come with 52-inch retractable plasma screens at your feet.  UUUuughghgu!  Guess whose mattresses work best in such conditions?  Yep, TPX.

Now I won’t chop my dick off if TPX isn’t trading to $50 in July, but I have a ton of conviction in the name.  I crushed this trade late last year based on the same conviction.  Are you going to tell me I’m wrong?

I have 11 other longs aka peak position count.  I present them to you, largest-to-smallest, headed into July:


May Julius Caesar and his month bring gifts to my person and yours.

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The Devil called today’s reversal, but now it’s time to press into the shorts.  They leaned on the bid all afternoon yesterday right at these levels.  Bulls are turning up the heat on their positions.  When we take out yesterday’s value area high at 1610.50 it’s a go.

I’m about 80 percent long in anticipation after today’s adds to TPX and new buys in ANGI and GS.

PS, iBC was all over the reversal:


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