iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
4,080 Blog Posts

Very Important Decisions Made Today

Much like the pile of Mexican food I consumed late last night, the USU shares I chased yesterday are providing small explosions in my person.  Position sizing is key and although discussed often, perhaps not often enough.  I only took a 1/3 size long in this name with no intention of making it larger.  That way, WHEN it comes back on my like this, I can at least maintain my composure and die with dignity.  This trade is likely a loser.  Moving on…

RVLT is a much larger position of mine and is down AS MUCH AND OFTEN TIMES MORE than USU.  But still, I don’t flinch.  I henceforth and hereafter am one with RVLT.  We’re a team, RVLT and me, consider me an RVLT employee, got it?  As long as they continue to focus their energies on Seesmart, I have zero complaints with the name.  I think it was a good deal between RVLT and Seesmart and we’re going to see real value from this company going forward.  I will go as far as putting 20 percent of my book into this name, if need be, allocating slowly during any meltdowns.  After buying more today, the position represents about 8 percent of my book.

I have CREE too, the leader.

I may have additional thoughts to offer you later on, but the market is very dynamic today and I’d like to return my attention to it.  Adieu good fellows of the interwebs.

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One comment

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