iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
4,103 Blog Posts

LANDSLIDE

Do you like the transient manner in which I avoided today’s AWK dump off?  After over two years of being invested in the name, benefitting both from the large coupon AND the capital appreciation, I simply cut it loose.  This type of thing happens all the time over here.

Is it luck?

I’ve always considered myself lucky.  I walked away from a pretty gnarly Cessna crash a few years back.

But it’s not luck.  It is marrying the knowledge that matters and hanging out with it every night.  It’s foraging through The PPT, aimlessly, for hours on end.  Reading everyone’s commentary here sure helps.  Pay attention.

Moving on to this landslide close, there’s your sell in MAY!  That was 30 handles from the high of the day.  I got stopped out of my NANO trade amidst the selloff, but my impunity in ES_F continued.  I just had to try the mean revision, and actually made a point and a half going LONG mid death spiral.

I’m telling you, I should buy some lottery tickets for real today, I have the Midas touch.

After seeing the selling pick up tenacity I covered and bought some TZA.  Who am I not to join gentleman RaginCajun on TZA?  On this birthday!?!  I had to.  Plus it’s like my Ambien for the weekend.  Quickly: Raul trusts no pharmaceuticals, hence his distrust for resident drug dealer @halfbloodpope. I’m really not sure why I’m talking in the third person, via my pen name.

Some of my stocks held up well considering the carnage.  New long ACHN didn’t chit the bed, which is sometimes expected of newborns.  DDD was ugly, but damn, I’ve seen worse.  I’ll probably see worse come Monday.

I have the China PMI to look forward to this weekend with HMIN and DANG.  And I have SNE.  I even have a dash of NBG.  I like taking my chips to another country and gambling elsewhere while the USA gets sold in May.

My cash rose to 30 percent.

It seems like June is going to whip about something awesome.  I hope so.  Enjoy your weekend, eat a good meal, make love to your wife, for we battle come Monday.

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7 comments

  1. Halfbloodpope

    Never trust the man in white lab coat.

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    • Michael

      Of all the people to distrust, Pope is right at the top of the list. He’s up to something.

      I’d focus all my attention and energy on him to figure out what type of elaborate scheme he has cooked up for society.

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      • MX2101

        Independently research the letter and number codes on your prescription medicine, and check them when you refill.

        Just kidding, best regards HPB

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  2. Tpain

    Good luck with DANG. I dumped it today, but it looks ready technically. Hope the numbers are in your favor.

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  3. Bobby

    Do you have any stop set for RGLD? Still think it has strong momentum? Thanks!

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