Taking A Back Seat
It’s amazing how easy the market has been to game on the long side this year. It’s only fitting that we have a little bit of panic on leap day, a day that is normally not on the calendar.
After selling a bunch of things today, I now find myself in a great position, heavy cash.
I will likely sit in my cash and enjoy it for a few days, as it’s been a while since I’ve seen a nice cash balance. At this point, I’m perfectly fine taking a back seat and letting my setups come to me. It may take a few days for my stochastic to set back up, so at this point, less is more.
Note: Don’t think for one second that I sold $RENN. I’m in it to win it.
11 Responses to Taking A Back Seat
RC. what are your thoughts on metals/miners? I was looking at SLW, AUY, EXK, and SLV …
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I was lucky to escape EXK @ 11 today, I would love to jump back in at some point. Still like it.
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The Ragin Chicken.
Ba-gock!
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@Marc_David, looks like we may get some of our TZA money back. By the way if you were to say that shit to me in person, I would have to chin check you.
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I’d say that and a lot more. Why don’t you invite me to the next iBC Annual Meeting as your “guest” and you and I can exchange words.
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you will pay for this affront
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How did I know that’s what you say? So, annual meeting?
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Well played, sir! You nailed this market.
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it’s been a great start, thanks.
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I’ve learned my lesson in $RENN. I sold it pre-market at 5.59, and as usual it fell back down. The pre-market spike is almost always a great selling point.
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@kel, you seem to be in-tune with $RENN, trading wise. Well done.
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