Selling on My Terms

Fuck this shit. Just yesterday I was thinking about really risking up my portfolio, going into leverage and overweighting one stock. This is exactly the sort of sordid behavior that gets a person at the receiving end of a jellied donut punch to the face. I’ll be damned if I were to mistime this splendid marketplace in 2015, the year of “The Fly.”

As such, I’ve taken precautions and moved to a 30-35% cash position. I’ve sold out many of my top trading positions, but left in place CYBR, SBNY, RDWR and BITA. With regard to BITA, it’s a very small position and I’ll buy more, after it declines by 10%. I’ve taken profits on a number of stocks, all but assuring that my 30% gain for the year won’t get jeopardized with the coming correction. I just didn’t like the way my positions were being handled, in the face of unchecked market gains. Therefore, I lightened up, in order to properly reassess the situation.

Exodus is spitting out a lot of interesting data now and I might just take a directional trade on one of the higher probability suggestions.

Bear in mind, I own about 30 stocks long term, names like PANW, GILD, BX, HAR, ICPT, AAPL and BID etc. So I am never going to be all cash or net short. I believe, with every fiber of my being, that we are in a tremendous bull market that will last a generation. I believe that we are in the nascency of a singularity between man and machine that will usher in an era of unrivaled growth and innovation. Nevertheless, there will be pitfalls along the way and I endeavor to miss them, as best I can.

I am raising cash. I think midgets with facial deformities are buying this tape, always a precursor for doom.

Cash up, lads.

Luck or a sublime harmony of mathematical precision?

Exodus oversold signals, overlaid atop of a chart of the S&P 500, for the past two years. All signals, nothing curated. You be the judge.

I was up 1.2% for the day, now up more than 30% YTD.

I sold out some of N and reallocated into BITA and a touch more of RDWR.

“I cold smacked the teeth out them motherfuckas. They had no idea I was still around, lurking and creeping out this motherfucka.”

-Dr. Benjamin Bernanke, Corner Office, Citadel

Straight up, you people are clowns. And, yes, this shit I am about to show you just happened.

What happens when Exodus flags oversold on an Ultra-Dow ETF?

+250 points is what happens…motherfuckas.

But we stay the course, no matter the consequence (extra George Bush).

Just today I accused a friend of mine, who happens to be a female, to be a “woman-trader.” She took exception to this because I had mixed in gender with the action of trading and corrected me, saying “I am a trader.” I retorted, “on the contrary, you are, in fact, a female who enjoys the avocation of trading. Ergo, you are a woman trader.” She then said “well, what if I called you a male-trader?” To that, I QED the conversation and agreed that I was, in fact, a MAN-TRADER.

See the word “MAN”, unlike “woman”, is synonymous with courage, bravery and heinous war crimes. To be a MAN-TRADER is to be a bold, to coalesce around greatness. On the contrary, and pardon me for merely being the middle man in all of this ugliness, to be a “woman-trader” would denote something of a more cautious, or shall we say “WAGNERIAN”, persona about the old trading desk. A garrulous person whose vainglorious methods permit them to avoid margin calls and cataclysmic blow-ups, and also grandiose wins.

Do not attack me, effeminate readers of iBankCoin. I am an ardent supporter of your gender and would much rather spend my days talking about life with you, than punching the faces in of my own gender. I am merely pointing out the social injustices that are afflicted upon members of the female persuasion (No Bruce).

I lost 0.65% for the day, staggering into the bell, bloodied from the nose down. Late day rallies in HDP, VNDA, N and SBNY helped my cause and I could’ve faired a lot worse. However, when you own more than 30 stocks, like myself, it’s rather difficult to buck the trend, unless of course your largest position outperforms. In my case, CYBR is on a Mexican siesta.

Nevertheless, I am a MAN-TRADER and do not fear piker-sized losses. The nostrum to my problems will be to simply win back my money during tomorrow’s session. Simple enough.

See you fucked faces tomorrow.

I know some of you are beating off to the recent foray into red. You enjoy to see others lose money, because you’re hideous monsters with deformed faces and crooked spines. But, I will have you know, right at this very moment, an American Hero is watching over us Wall Street types. He’s like the Captain America of the stock market, always bidding when evil doers are selling.

This man is Dr. Benjamin Bernanke. He occupies a corner office at Citadel and is looking out for your best interest, even now, because that’s what heroes do.

The cynic in you doesn’t believe this. You feel he is simply wasting away, subsiding on roasted beef sandwiches and blunts filled with marijuana. But you’d be wrong. The good Doctor is going to get those bitches who sell us short. You wait and see.

In the meantime, I am being harangued by losses, chased down halls by serpents with forked tongues, off by 1.1% for the day. Banks and Netflix are doing well. I believe the time has come to be long SBNY in good size and simply sit back and wait for it to melt higher. Eat some yams if you’re comfortable in doing that. I am also looking at TCK: holy shit is that stock cheap. Or is it?

I have lots of ideas, clues and puzzles to wade through. I just wanted to reassure you that the market isn’t in any danger of collapsing. This is child’s play and will pass soon, like a Floridian thunder storm in the middle of fucking August.

Here I thought we’d get a continuation of the rally. Then I look at the Dow Jones and see that it’s down for the year and I think to myself “what rally?”

All of the old timers are getting their egg salads eaten for them this year. Biotech and hacker stocks have led the way, trailblazing a path of extreme hedonism for those with the courage to buy them.

It’s red ink across the board this morning. I am down 0.7% and the trend appears to be decidedly lower. I can very easily chalk this up to a “June Swoon”, hope to escape with my limbs intact and prepare for a resumption of the rally in July. Or maybe this is just the tip of the iced berg. Maybe, just maybe, the market has topped and we’re all destined to bankrupt ourselves amidst horribly executed trades and a complete absence of risk management.

Traditionally, utilities do well during June, a seasonally weak time for equities. Should I gather my chips, wipe the cocaine off my nose, and go back to my hotel room to watch infomercials? Or, should I stay up all night, binge gambling with reckless abandon in the hopes of crushing the casino?

This is just a quick nightly note for you savages out there. One thing to note is the amount of damage hackers are afflicted per incident. I believe the number is around $3.8 million now up from $3.5. Mind you, as the number increases in value, the SWOT analysis teams at your fortune 500 companies will “invest” more dollars into security.

This is the main catalyst for shares of PANW, CYBR, FEYE, BLOX and others. The needle is being pushed on the level of damage being afflicted to corporatiopns. In turn, the price of the stocks for security firms are exploding higher.

As per Exodus, here are some of the biggest winners year to date.

5 out of my top 6 positions were up, with N being an outlier down 1% for the session. I’ve detached from the rest of you fuckers, like a rocketship breaking off from its boosters. The rest of you will drift down with the gravitational pull and BURN THE FUCK UP upon reentry.

“The Fly” is heading towards the sun on a mission of glory.

The Dow Jones is now negative for the year and I am up 29%. Do I need to continue to explain the harmonious winship inherent in Exodus any longer or would you like me to demonstrate, yet again?

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