Yes, there was a selloff this afternoon. Indeed, the NIKKEI is doing scary things. Sure, there’s lots of uncertainty in the bond markets. And certainly, we’re knee deep in month end foolishness. But why not have fun with it?
I know everyone’s different in their approach and I respect that. The buy and hold investor who got involved any time in the last 5 years is probably crushing, if he picked good companies. The swinger who is patiently waiting for cleaner conditions is probably preserving a nice chunk of earned capital, waiting for her next opportunity.
I’m trying a little bit of everyone’s soup.
So far, my first two attempts at this option game have appeared well timed, SNDK and NFLX. I’ve taken scales in both. Aside from the paper gains I’m sitting on, which are very real money, I have a free ride on my lottery tickets, silly contracts set to expire tommorow. There’s something to be said about this approach. If either one of these continue higher tomorrow, we’re talking about 30-40 percent gains. I never considered such speculation until “The Fly” brought OptionAddict into the mix.
I traded the spooz so poorly this morning, I can’t wait to review the trades while slamming my thumb in a door jam. I need my pointer finger for clicking.
I HAVE MY CHINA FIX: Long shares of HMIN and DANG
Let me talk about DANG a bit. My good friend @stockcats suggested the name via fortune cookie. One thing stood out to me, the near geometric perfection of the triangle up here. The Chinese, they love structure, symmetry. Their leaders will point to this chart whilst we sleep and demand it resolve higher, as a show of power and formation.
I nibbled on the little bank that could, NBG. I can’t pass up a good joke, even if it’s on me.
See my Dee’s? DDD looks fantastic up here. So do AAPL SNDK CREE and NFLX. FB doesn’t look too shabby down there, either.
I’m feeling lucky, so I’m pressing my bets all over the place. I can assure you some of them are wrong. Until we decidedly trade lower, I’ll keep dwelling in the speculative components of the market. But hell I’m young, I can afford to lose it ALL. Fuck it.
Should I fall square on my face tomorrow, this post will serve as a jagged reminder of my insolence to the cautionary winds.If you enjoy the content at iBankCoin, please follow us on Twitter