I cut off my WNR and sold out of FOSL to lock in winship, booking anywhere between 10-25% gains on said holdings. The Gods asked for sacrifices yesterday, through outrageous DMND’s, and I have answered with a volley enveloped in fire.
My cash position is 50% and my TZA position is still 8% in the hole. Making money on this round of purchases is not the point. It’s the discipline that makes me a winner. You will see, to your astonishment, The PPT TNA/TZA buy/sell program will reign supreme, at the end of the day.
I am still long GSVC, DECK, MTW, FSLR, DMND and a little GMXR. You know I should be selling DECK, as it is vulnerable in a weak tape. However, I am emphatic in my belief that they will blow out earnings this quarter.
Everything else is blissful, sitting on top of the world, up 6% for the year and not giving a shit about being wrong.
Have a good weekend.
[youtube:http://www.youtube.com/watch?v=4G0bYIaJuHg&list=FLEIciWvVLqrS9jdkxpjKL9A&index=2&feature=plpp_video 603 500] Comments »