Not Clever

Raul3 Fri May 18, 2012 4:32pm EST 1 Comment

For the last three weeks save for these last two trading days I’ve mocked the weakness of the indices as my social stocks continued to appreciate in value. Well they caught up to the rest of the losers in a two day trading massacre. The carnage is stunning.

I can say without a doubt my interactions with the godly folks of iBC saved my portfolio from complete shim sham Colombo destruction (I don’t even know what that means but it sounds devastating). Chess highlighted RAX as a short while I was long. It broke a key level I highlighted earlier this week and I didn’t hesitate to sell. A massive murderhole avoidance. Next was SVVC being sold north of $25.00 this morning after the sentiment turned downright nasty between iBC and Twitter. I knew it was time to sell. The community here is of serious value and I look back on my trading before such venues as the dark ages. I thank each person committed to this social stock market communication game and salute your efforts. I know sometimes it can seem like we’re talking in the wind, but the feedback loop here is top notch.

I cut exposure way down, and I’m sitting at nearly 60% cash and another 8% in AWK. The stocks that in my view didn’t go full shit show in price are TRIP AMZN and P. I kept my exposure and will very likely add to the names next week should we see constructive price activity.

I initiated ADS today. The company is an integral piece of my thesis and I’m glad to get back into the name. The price activity requires further analysis but on my intermediate timeframe I like where price is. UPS is the other position I retain and consider critical to the future. It has nearly wiped out its 2012 gains and is still suspect to lower prices. However should it bounce next week I may add shares.

YELP and GSVC reminding everyone to play small, define your risk, and if you want them long term you give them tons of room the fuck around. I can’t imagine being without GSVC though. I like the companies they hold far too much.

Get your study on this weekend. Build on any losses as learning experiences and keep your eyes out for opportunity. It’s still out there.

Cheers,

I feel like Lily sums up my week here: