iBankCoin
Home / Tag Archives: $WLT

Tag Archives: $WLT

1800 in Sight

1800_2

Today the old man woke up at a customary 4am, sans alarm clock, and slowly rose from his twin-size bed positioned appropriately across the room from his wife.  He prepared his straight razor with smooth swipes across the grit of his sharpening belt.  His thin lips held onto a cigarette as he removed any trace of facial hair with a generation of confidence.  He swung the washroom door open and emerged from a thick cloud of smoke in a Tom Ford suit and said, “I want Cisco.”

And so went the day.  Old men across the nation dialed their rotary phones and demanded their brokers buy shares of CSCO, in 1000 lot increments, until instructed to stop.  The action firmed up the Dow Jones as well as the S&P 500.

We are only 10 points away from the 1800 market on the SPX and I am 95% long.  There was a mix of winners on the day.  The peddlers sold down GOGO today after an impressive gap which is to be expected from the degenerate class.  Meanwhile ONVO ripped the hearts out of shorts and fed them to the pigs.

The chicken play in PPC is setting up finally, and if we close the week out strong prospects look solid for a rise into the gluttonous festivities of Thanksgiving.

Facebook wants needs to corner the sexting market.  Without it, they are vulnerable to rapid extinction due to lack of attracting teenage use.  On the contrary, teenagers are smoking LO’s Blu brand eCigarettes at a growing rate.  LO is winning over the next generation of smoking class.

I am completely out of energy, here’s my book:

AMBA, PPC, AAPL, GOGO, RVLT, TSLA, LO, YGE, WLT, SFM, BALT, CREE, F, ONVO, FXY, TWTR, MJNA, and O

Many of those are partials.  The main size is from AMBA-to-WALT

Comments »

Let The Fog Clear

My Halloween was a rather non-event.  A few children came to my door demanding tricks or treats and I drank one mug of cider and rum.  It took a while to unwind yesterday’s action.  I played it though my head a few times, remembering the subtle moments when the market gave me a little wink.

Then today came.  I anticipated sell flow on the S&P which led me to offer three scenarios that emphasized sellers.  But I never felt confident on the short side intraday.  The moves were too unorthodox according to my practice, and I could tell I was out of my element (Extra Donny).

Come 11am I started selling down my long exposure a bit.  I trimmed where I could selling parts of my LO, GOGO, and BALT.  Something about the AMBA bounce did not sit well with me so I scratched this position entirely.  I know flip-flopping can frustrate spectators, but some of these positions require confirmation for me to stick around.  AMBA stalled and after I gave my book a hard look AMBA stood out.  I still like the stock.

My two largest positions now are PPC and WLT.  This is completely unacceptable.  A young gent like me should not have size in stupid chicken and coal interests.  That is plain vanilla dumb.  I want my size in places like GOGO and Zillow and FaceBook.  You know, new companies.

Fortunately I have these TSLA shares.  I was so excited to finally own TSLA shares that I exclaimed the news to friends.  I have no idea what has me so god damned excited to own TSLA shares.  Of all the positions we go through on a weekly basis, I have never excitedly told friends about any.  That being said, I should probably just sell the stock now because I am way to enthusiastic about it.

I boosted cash up to 25% into the weekend because I am sticking with the theme that a large seller is at work in the S&P futures market.  Until that seller slips up and loses control, I am keeping some cash to buy up your margin liquidations.  Individual stocks are still working though, much to my dip buying chagrin.  October did not have a “day of terror” where everything goes on sale.

May November bring a solid day of terror, saluti

Comments »

I Trust My Money to Good Stocks: You Should Too

Ladies, gentlemen, please…allow me a moment to address the market.

You may not make it down to the Raul blog often, but I reside rather gingerly on the front page of iBankCoin.  I know that my continued existence in these hallowed halls amongst the finest strangers the internet has to offer depends on one very important matter: banking coin at criminal rates.

After exhibiting complacency two weeks ago Friday I have been on the receiving end of a severe bludgeoning via shares of PPC due to a salmonella scare.  I regret to inform you I was forced out of this position today and took a large loss.  Let’s talk about large losses.

This was a ten percent position and I stopped out at twelve and a half percent.  Math:

0.1*0.12=0.012

I lost 1.2% of my account value.  Part of me wanted to ride the stock into earnings for the glory.  I envisioned myself riding into town on a chicken-drawn chariot with plebs laying olive branches on the street.  Upon reaching to town square I would be handed the ceremonial staff to perform a blessing of the populares, restoring balance to the social classes.

But in a rather stoic manner I cut the shares loose.  Because the truth is public perception is fickle.  Many of you are simple, as am I, and lack the resources or time to give a company a full fundamental shake.  I know inputs to making chicken meat are down across the board, but so does anyone else who analysis this company.  Elon Musk set a new standard with his quick assessment and public response to the Model S fire and now I expect the same from all companies.  I get Old Wall Street silence instead.  So PPC and its shareholders can go fly a kite for all I care and I’m back in the sewers, hungry as ever.

I cut LEDS too.  Perhaps the critics were fiddling with their catalytic converters when I scaled 10% profits one day into my campaign.  That would justify tossing tomatoes in my direction when I cut my net position for a scratch.

Finally, I cut SCTY.  Let’s say you love bath salts but all you can find on sale is old fashioned Mexican speedball.  You decide something is better than nothing and in your constant urge for instant gratification you gobble like ten Mexican speedballs.  But since you want that bath-salt-bug-eyed rage fueling your body while you chew arms off hobos, you find the speed only providing an uneasy feeling in the pit of your stomach.  That’s why I cut SCTY for a 3.4% loss.

My final move was buying a modest allotment of AMBA shares.  Morgan Stanly flip flops and the investment community dumps Ambarella?  GMAFB.  Well actually, you did give me a break because this was an opportunity to get back on board stock in a great company.  I liked it at 22, why wouldn’t I love it at 20?  I am a buyer of further weakness.

Now I have 22% cash power to buy some blood and a stable of stocks fit for an entrepreneur.  Largest-to-smallest friends, largest-to-smallest like always:

GOGO (huge), LO (+15% what?), ONVO, WLT (Walter), RVLT (a love/hate), AMBA (SAIL!), SFM, CREE, SLW, F, FXY, IMMR, MJNA, and the big O

That is a hot look.  I like this basket of stocks.  I have a few names I want to add to the pot to get back to full long exposure but I am content to ride into tomorrow’s spooky trade with some cashish. The Fly’s ALJ has the look, FB is making ATH after hours, and YELP is at a slight discount.

FINALLY: YOU SHOULD COME INSIDE 12631.  There is a free trial tomorrow and Friday ONLY.  I do my best work in there with little-to-no shenanigans.  I would love to see some of my twitter buddies in there.  The password for the free trial will be released at midnight, so you vampires can come inside tonight and kick some ideas around and us normal folk will see you bright and early.

http://youtu.be/c-P5GpkPrk4

Comments »

Halloween Candy Only Market

There are crazy moves, both ways, going down in this market of stocks.

Early on we had a pretty solid read on the Nasdaq and S&P and we were talking through the psychology inside the 12631 pay wall.  I trade little blips in the gyrations of the NASDAQ and my current goal is not to earn money but instead to consistently identify, trigger, and manage one trading picture.  I have set the lofty goal of being right 75% of the time.  This is for me to prove TO ME that I have the fortitude to trade futures before committing adult money to the venture.

But I was watching my move play out and I started noticing excessive aggression from the sellers.  Have you ever walked up to a girl and started talking game only to quickly find out her husband or boyfriend is close in tote?  Said boyfriend often puffs out his chest and behaves like a primate because he feels threatened.  This is overreacting and once it happens you can almost rest assured you have won…something, life, the momentary affection of the women, whatever.  Market participants do the same thing all the time just before they lose.  The more you watch the tape, the clearer it becomes.

Anyhow, sellers started acting like scared bitches just before eleven and the S&P was trading up into the key battle line highlighted this morning.  This is what had me buying WDAY and WLT.  I got in before the pop and used most of my money doing it.  I am now 95% long and uncomfortably so.

So I went into my portfolio and tried really hard to find something to sell before the market makes me sell and I came out empty handed.  I know, it is completely negligent to be 95% long way up here but I cannot justify selling any of my positions where they stand.

I honestly feel as pickled into a catch 22 as I have ever felt in my trading career.

Off topic: I have sustained myself on water and candy ONLY today.  My eyes feel like they want to explode and gush sugar all over my keyboard.

Not chocolate nutty candy either…just the crack: taffies, lemon heads, now and later cubes, dubble bubbles (apropos), and jujyfruits.

Gallons of water.

Somebody convince me to sell one of these holdings, largest-to-smallest:

ONVO, PPC, RVLT, USO, LO, WLT, GOGO, ADHD, CREE, WDAY, SLW, F, LEDS, FXY, IMMR, MJNA, and O

Comments »

Big Win for The Seller

The market kicked into high gear this morning shortly after breaking down out of the consolidation we closely observed Sunday evening.

The idea was simple, and with it, I saved myself from the nauseating task of watching news which is centrally focused on politics.  Instead I could watch price and determine how to manage my portfolio accordingly.

When everything started breaking down early on I sold off all my shares in WLT, FB, AMBA, and BALT.  They were hard decisions to make because I didn’t want to sell any of them, but I knew there were major implications to that consolidation snap.  Also The Fly has been preparing us for a correction rather extensively.  After all of the selling my portfolio was bulked up with over 40% cash.

We are closing on the lows of the day after a high volume, large range selling candle.  Something tells me there will be better opportunities to buy soon and I want plenty of cash on hand.

The seller I was observing Sunday evening seemed big by how the orders were carried about—absorbing buy flow at the offer for a full day.  They just won big time and today’s tape is likely to embolden them.  Do not discount the bears at this junction.

At the same time keep your eyes on stocks that are trading in a microcosm.  Notice how financials aren’t as beaten down as tech.  That’s because they were dogs all last quarter.  We are nearing the time to consider another Goldman Sachs long.

Bottom line: stay cool and get out your shopping lists, but move slowly.

Top picks: CREE and RVLT, my two largest positions

http://youtu.be/JGrGwhoN0K8

Comments »

Press The Boot

As horrendous as the news flow has been this week, I have these charts setting up something mint.  If I continue playing ostrich to the news, which is the plan, I have setups galore.  The market looks like a well-managed brothel and I am simply partaking in the services hoping the Feds don’t crash the party.

I bought WLT but the big story is the resurgence of LED stocks.  Everyone wrote them off after CREE reported soft numbers last quarter.  Yet here we go again, with these stocks ripping.  RVLT is leading the charge as my book propels over two percent higher on the day.

I switched over to trading the /NQ as I mentioned yesterday and I like the pace of trade much better.  I find I am babysitting positions less often.  Instead I am trading in a stick-and-move fashion that better suits my fringe lifestyle.

FaceBook will not relent and I would quite enjoy seeing it go Nicola Tesla on these shorts.  Being in a well-padded long, I see no reason to sell any.

Everything I sold continued to propel higher, so selling has been stupid.  Look at MHR and YGE.  Stupid.  Selling is for stoopid folks.

Press the boot and sip cognac instead.

Cash @ 18%

Comments »