My double down in GSX worked, so I sold the stock today into a fierce rally. Truthfully, I don’t know what the fuck is going on with this tape. Apple warned, but the Nasdaq is barely down. Global trade with China seems to be zero, yet virus related stocks smashed. During periods of disruption, when positioned chaotically, I like to clear the slate to start new. So I sold the following stocks.
This raises my cash position to 55%. My only regret, recently, was selling SPCE at $18. SpaceFAGS bid that son of a bitch over $30 today. Since I was out of pocket late last week, I feel a little out of sorts. It’s funny how missing one or two days of trading does that to you. For most people who rarely if ever look at stocks — this shit must look like alien technology to them.
Nevertheless, I intend to reposition back into something, a narrative today or tomorrow. I just needed to clear out some stocks that grew stale first.
It’s also worth noting, I have some positions left on the books that are dubious at best, so those too might get chopped in the not too distant future.If you enjoy the content at iBankCoin, please follow us on Twitter