CLEAN UP IN AISLE 5,000

I am holding this “Monsta” only because the purblind CEO made me laugh, through his ignorance on the conference call, but only for a day. I will likely cut losses tomorrow. I was up on the position going into today, so the losses will not be more than 11%–unless it follows through tomorrow.

Now I sold out of DECK this morning, which is something I didn’t want to do. I believe the analysts could be wrong on this name, with their bearish sentiments due to the warmer weather. However, my appetite for earnings plays has waned, considerably, following the MWW de-cocking. DECK was a large position and it went to cash, at a 10% loss.

With some of the proceeds, I tripled my SFLY position, for a squeeze play. And, as it is my custom to do so, I averaged up in DMND and down in GSVC. If you are new to the hallowed halls of iBC, you should become aware to the fact that only GSVC withstands my impulses. I’ve held it through thick and thin and have remained a loyal servant to its distinct vagaries.

Having said that, the market is overheated and poised to pullback. Perhaps if I keep saying that, it might come to fruition. We’ve had numerous chances to correct, but to no avail. The market is being operated by viagra induced baboons.I would not be surprised to see us trade lower, only to trap overzealous shorts with the introduction of the ominous Black Flag.

Top picks: SFLY, FSLR, DMND