“BTFO” Portfolio

Today you got to witness what the term “BTFO” means as the market ripped though short sellers all day long. Most of my work can be found in The PPT, mainly because I like hanging out there, and for my followers, we simply destroyed it today.

We’ve noted a few times the strange activity in $ID, well, the company was bought out this morning, ching ching. Or, how about $GOOG, we’ve been loading a position for weeks now around $450, how about today’s move? Sliced right through the $500 level. $PEIX $PWER, & $JASO were just icing on the cake.

That’s just to name a few, there are tons more, and there will be tons more.

$RIG is still one of my top pick here and $ATPG looks great (hat tip Chess). How about $ETFC trying to make a move? I swear the stars were aligned in favor of The Cajun, as today was one of my best trading days, Ever.

In summary: I made a bunch of coin today, taking profits on a few names and starting new positions in a few others. If you look in the dictionary, and find the letters B.T.F.O. you might just find a picture of your boy Cajun besides it.

Off to get ready for another Who Dat win.

Reminder: The Russell never lies:

There are so many great looking charts heading into tomorrow, one can only hope we get a final push higher. Click here for Futures action.

I have spent a few hours scanning, and here’s what made the top of my watchlist:

AGU, ANDE, ANF, ASTE, ATPG, BBY, BG, BKE, CIEN, CMI, CSIQ, CVM, EJ, ETFC, F, FMCN, GEOY, GOOG, GS, ID, IMAX, INTU, IOC, JASO, LF, MOT, NVDA, PEIX, RIG, SIRO, SOL, SSRX, STAA, SWIR, SWKS, & UEC

Top picks:

$RIG

$JASO

$SWIR

If the market fails to breakout here, just load up on VXX, it’s going to be a volatile Halloween (more details coming soon).

indeud.com

Block out all the noise, and focus in on this setup. Do you really want to be short?

This has all the characteristics of a “BTFO” move:

One more add to my egregious $GOOG position here around $484. This add was in my trading account using options, and I will likely sell in a few days when the stock “BTFO”

I also started a position in $PWER. There has been a lot of interesting notes in The PPT about this company after the recent sell-off, so I figured I would give it a shot here.

The futures are up and it looks like we will make a run for 1,130. Could we see capitulation from the bears? Quite possible.

Here is your screen to pick off a few bears, courtesy of The PPT. Members, click here to save screen, I have it labeled Kill the Shorts:

I bought $WRES & $CSIQ, all trades listed inside The PPT user note section.

$WRES:

$CSIQ: