High Water Marking

Indeed a Happy Valentine at the house of Raul3.  The big move in ANGI has taken my portfolio to it’s highest levels ever.  There’s good action in the socials today, as Facebook looks to be clawing back lost ground.

I took a scale on my ANGI position.  It was only a ½ position going into earnings, and it became over ¾ in size when it rapidly appreciated.  I still hold around a ¼ position in the name.  And like CREE, I’m patiently waiting for a dip to size back in.

While I wait, I have a couple snacks I want to enjoy.  The sellers are backing off the tape today, but I’m waiting to see what the afternoon brings before I put my hard fought gains back to work.

The Debbie downer over here (there’s always one) is GNRC.  They reported decent earnings, but are taking a hit.  I now have a choice, cut the loss on what was a small position to begin with, or size up and get to know the name better.  I’m reserving this decision for the afternoon also. 

Look, 1514 has been a magical line in the market.  If it gets lost while I’m out eating tacos for lunch, things could get slippery.  Obviously the bulls have the trending edge here.  If I’m to press it, I want to see the heavy lifting continue.  Otherwise, this could be a nasty bull trap.

“I want to be rich and I want lots of money, I don’t care about clever, I don’t care about funny.” Lily Allen