Still All In

As you know, about 1 month ago, I announced that I was going “all in,” in an effort to forget about risk and bask in the glory that is the stock market. Since then, I am delighted to report, I have done quite well. As a matter of fact, my returns have been nothing less than stellar. Despite an affinity for “fad stocks” and “small winners,” “The Fly” has really throw the old wooden javelin through the old eye socket a couple dozen times since then, with wins in Sears Holdings Corporation [[SHLD]] , Green Mountain Coffee Roasters Inc. [[GMCR]] , Ctrip.com International, Ltd. (ADR) [[CTRP]] etc. I will not bore you with the details.

If you’ve noticed, from time to time, when selling stocks, I sell 90% of my position, while leaving the other 10% to sit idle and collect dust, indefinitely. I do this for a reason. To be more specific, I only do this with large positions—names that I believe in, like Green Mountain Coffee Roasters Inc. [[GMCR]] and Sears Holdings Corporation [[SHLD]] .

Let’s say, for example, I own $2 million worth of GMCR and my price targets were $80 and $100, $80 being immediate and $100 being a longer term number. Imagine that stock went up 20% inside of two shorts weeks, as unbelievable as that may seem, and I am faced with a decision: do I sell or hold? In the past, I’d hold onto the stock, thinking “hey this is great. My very own ATM machine. Instead of taking profits on this huge position of mine, I’ll go shave my balls.” But, after seeing this strategy backfire on me, one time too many, I decided to take action.

If the position is worth more than $2 million, and my immediate price target had been reached, I sell 90% of it and keep 10% (200k) until the long term target is achieved. This does two things for me: 1. I am permitted to take profits without worrying about “missing out.” 2. Because of such a quick win, I am permitted more than enough time to shave my balls, without worrying about my portfolios.

Holding a 200k position may not be very substantial for the deep pockets of big ol’ Bill Ackman; but the residual amount is still slightly meaningful enough to please little ol’ me.

The bottom line: I am still “all in” and raking coin, at the expense of you short selling bottom feeder motherfuckers.

Top picks: SandRidge Energy Inc. [[SD]] , Sociedad Quimica y Minera (ADR) [[SQM]] and Cummins Inc. [[CMI]]

NOTE: General Cable Corporation [[BGC]] is cheap.