I am sorry to announce that the Amazing Dollar Stock Circus packed up and left town unexpectedly this morning, disappointing both kids and adults alike.
I should have fired Booze-O and Molesta the Magnificent 3 days ago.
The good news is, I already caught Booze-O (pictured below, right), red-handed, running out with my money this morning. However, Molesta (pictured below, left) escaped, and is wanted for grand larceny:
Molesta is considered to be armed and dangerous, not to mention, a pure shitbag.
The iBC Police Department is offering a reward of $100,000 for information leading directly to the arrest of Molesta. If you have any information concerning this fucking clown, please contact your local iBCPD field office immediately.
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In other news, I took a -5% hit today. Not bad considering I had 17 long positions. I removed 7 of them in the morning, raised 60% cash, and gained +2% from scalping FAZ. MRGE, DVAX and ICAD held up well. I am expecting some sort of reactionary rally in response to the current -5% decline in the SPX in which case I will systematically remove more positions. I will also add shorts on said reactionary rally (if it is one). 2009 YTD gains now stand at +142%.
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CA–
How much leverage are you using? Good lord, that’s a healthy YTD return!
Pretty damn funny… except for the part where I lost money today.
(Sad clown face emoticon)
Looks like a pull back to 100 day… I would have liked to see the volume drop off a bit more today ..
CA, did you draw that? I see your initials in it. If so, man, an artist to boot! Really nice job.
A fucking clown artist !! Joke’n
Tar and feather Kinko and run him outa town!
alpha – no leverage whatsoever. Last time I used margin was in February.
I made the Most Wanted pic too, forgot the initials. Took the “Captured” off of some dude on an FBI poster lol.
http://i613.photobucket.com/albums/tt220/RedSquirrel/Clown.jpg
Is this what happened?
Your post reminds me of the obscure Bob Goldthwait movie “Shakes the Clown.”
Funnier than the movie itself was the tag line:
“The ‘Citizen Kane’ of Alchoholic Clown Movies.”
I’m with you and Anton, got wrecked a little today (6.6%) but I am not a fool; took some losses this morning and chilled with two small caps I still like (TRE and CCC).
Someone better find that little bitch before she gets away with more of our money. Search party, anyone?
Gonzo – A pullback to the 100-day would be a total breakdown. I wanted to see more vol as well, but price action tells us enough.
CA when you look at intraday charts whats your typically time frame? 5 minutes 10 minutes……
Also, for the record i am expecting a bounce to 892 on SPX before we resume on down
funny stuff and quite different from your previous posts… as for the small cap fiesta bowl, I don’t think anyone milked it better than you… congrats you precocious pro
joshingu – 1 day/5 mins and also 2/4 week/30-mins mostly. 1-min if I’m expecting a spike.
enigma – I sure did milk it, but in the end, incurring losses is inevitable. Market’s way of taxing my ass.
lol. better to have taxes than unrealized losses like most of these companies invested in securities. thanks for the response CA. if you could why 30 minute over 1 hour?
lol. better to have taxes than unrealized losses like most of these companies invested in securities. thanks for the response CA. if you could why 30 minute over 1 hour? or is it just personal preference
This is great stuff.
Molesta was last seen filling his seltzer bottle full of Vodka before heading off to the park, by the way.
CA, I’ll follow you into battle based on your artistic skills alone, and take a spear to the chest in defense of your market acumen. I’ve learned so much reading your posts, thank you isn’t enough. Next week I join the PPT.
Much appreciated, now heading to the park with a team of snipers…
josh – personal preference but also sometimes breakouts and breakdowns happen so fast, I cannot rely on 1 hour.
It was great while it lasted until the fucking clown came and molested the shit out of Bday boy and all his underage guests 😉 Hey CA you truly had a fantastic run I enjoyed watching your pics pop (even participated in some) and reading your analysis. Although I got hit pretty bad deservedly so for holding on some $ shit that should have been sold off for a small loss last Friday with some of my larger positions it could have been worse if not for my additions of FAZ & QID. I agree with your next move assessment and as well praying for a pop tomorrow (me, you and everyone else LOL )to unload some of this crap I am still holding and add more SDS and QID.
CA grab some gold stocks their ready to break. Some cheap ones are NSU, NGX, NGD. These would qualify for your less than $3 picks
CA you will appreciate the compact head and shoulders. I believes that’s what it is called. anyways its the most reliable chart pattern… http://tacharts101.blogspot.com/2009/05/compact-h-on-spx.html
ML237 – OH SHIT! where did you see the bastard? First, the park, and now a kid’s bday party? Son a biiiiatch this clown flies like the wind.
josh – I’m just about finished with these $1-3 fuckers. I am waiting to furiously dump them when the time comes. And that pattern..is it your own creation? I’m not sure about it being “the most reliable pattern”. Do you have data to back that up? Besides the shoulders, it looks like another double top.
Gold differs from the market just remember that. and the data is within a book called Technical Analysis and Stock Market Profits- by Richard Schabacker. It is called Complex Pattern or Complex Head and Shoulders. Page 124
No shit. I was talking about $1-3 stocks in general. I don’t buy straight up gold stocks – personal preference.
You may also want to note that the high-and-tight bull flag also ranks as #1 alongside the complex head-and-shoulders.
very much impressed by your drawings. Wow!
I just did accounting on my losses today (wipped out all the gains this Monday, Tuesday + more) so that I can hopefully remember what I did wrong.
But, really enjoyed following you. Thank you and still look forward to… But I have to figure out a way to do better so to stay in the game.
Its part of game….every day is not ours…..
CA yea have to agree with you on the 1-3$ stocks. It is just a matter of risk – small cap stocks vastly outperformed the index on the way up so they are likely to get hit the most on the way down. Having said that I did nibble on some names like NG / NXG but that was only to hedge my net short positions.
Blah I also spent 2 hrs trying to find my starcraft disc but no luck… I still have a few places to look though. FWIW I was ranked 3rd at one time on Bnet too in 2v2 and 7th in 1v1
Jane – if you work all day, you need to set some stops or reduce your position sizes if it wiped out that much.
I agree Ring.
Ferrari, you must be a worthy opponent. I can’t wait to kick your ass.