The Type of Stocks You Want to See Working

Us guys, we go out and work, sometimes for days on end and often to the wife’s chagrin. As rewarding as our toils can be, the market can take said bullshit work and jack it the fuck up. The market doesn’t care about your channel checks or charts and such. Do you blame a river when it washes some Tennessee straw hat town off the map? No, because it’s a river. If you find yourself blaming the market for flushing your ideas and accounts down the river, you’re fucked.

However, pros get excited when their work pays off and their clients get downright giddy. The Fly mentioned how the indices weren’t telling the whole story on shorts and the grand murder holes they’ve stepped in. What I’m focusing on right now are stocks that people are doing work on, with expectation of higher prices and whether or not their work will pay off, or pay 0ff.

Coming into earnings season I see tonnes of charts setting up, but I will focus on my S.O.T.Y. pick ENTG to hammer home the message I wish to convey. Take a look at the following news flow:

Yeah I know, these fuckers are doing work. Not ENTG or its management, but generators of news flow. News like that isn’t cheap; almost feels like a pump. And if you pull up a chart on the name you’ll see a stock that looks poised to break out. The work is done. The question is, will these collective works pay off or will this and other story stocks disappoint? I lightened up on the name today when it failed to thrust, but I retain about a half position. Now it’s time for me to sit back, and let the stock do the work.