A Sell Only Market

This makes no sense, going up like this because some guy, who was never going to be the Fed chair, isn’t going to be the Fed chair.

I sold out of my GOGO, raising cash levels to 40%. I still own substantial positions in IMMR, YELP and POWI. Barring some sort of huge price surge in the aforementioned securities, I doubt I will sell them prior to seeing them through earnings.

I have another new issue that I am investigating, as it is incredibly cheap on paper. The business is slightly impaired, which has resulted in a steep discount. However, I can’t buy into this rally, even though many of my favorite names like OWW and MHO are rising without me.

It doesn’t matter.

I am up 53% for the year and have nothing but wins under my belt. I intend to be patient and buy the blood, if at all possible.