The S&P isn’t relenting as we settle into the lunch hour, however my satchel of straight crack rock aka my swing portfolio has been faded back into its place: the fag box.
On the day, I was up nearly two percent before I finished my coffee. Now I’m up a sultry one percent and that may dry up too. It wouldn’t surprise me, the way many of these stocks are trading.
Stock pickers talk about the risk cycle and how it resets and where you want to be is contingent upon where we are in the cycle. It’s not my jazz to make such analysis, I simply go where the momentum traders frolic, and I frolic along with them, much like Pepe Le Pew. By that I mean I move slowly, letting my prey exhaust itself. Then I slowly walk up and spray a loaded gland of stink on the market.
I like trading like this, because if a giant boulder falls on the other homo momo Joes, I can sashay around the crater and reach the promised land.
That being said, I’d like to see some liftoff soon, as my patience grows weary on a few of my names.
Here’s my investment basket of LED technology, representing about 25% of my swing money, largest to smallest:
RVLT, AIXG, and CREE
Another 40 % of my book is spread across the following long trades, largest to smallest:
YGE, YELP, END, F, MHR, and IMMR
And another 10% is ‘invested’ in the following positions:
LO, FB, and O
That leaves me 25% cash that needs a home, and soon, because cash is a waste of time.
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Frustrating being in good names that are getting beaten down for no reason. What’s your cost basis for the LED companies? How do you allocate position size between the 3?
CREE CB = $38.50, it’s about a 7% position, I’m working it up to 15% …slowly
RVLT CB = $4.13, it’s a 10% position and it will take some serious panic selling for me to buy more
AIXG CB = $16.25, about a 9% position. I like the size here.
I allocate size by the chart and I don’t really want more than 10% of my entire portfolio in any of them, except CREE.
Thank you
Have not been trying to dodge this sell off..d@mn!! I’ve been shuffling through miles of corn fields these past few days and had little time or access to the market.
I’m wanting to dbl position if it sells off a bit more..reaching cost avg these last few trading sessions.
Sir Raul, I liked it so much more when there were very few eyes watching.
My kindest and most giving pickr friend and I have traded this for so long. Jeez, I miss that ‘Dirty Little Freak’,KJP!!
YoY it has been awful good to me. especially these past 12mths.
invested and watching it lift off of .15 pennies..(when it was left for Dead) has been most spectacular.
It would be difficult to calculate percentage gains off those pennies as I’ve traded core w/profit and buy back on many different levels off that left for dead level.
Very nice win for ‘Da Bears’ this past week..’God’ Love Them.
adding here: (not doubling..yet)
Status Filled at $3.15
Symbol RVLT
Description REVOLUTION LTG TECHNOLOGIES INC COM
Action Buy
on another note..
watching SHLD drop down closer to that Jan dip/buy level.
one of my faves to trade and am watching closely for possible buy back
http://youtu.be/OnuuYcqhzCE
it is not always that easy..
patience..
taking it DOWN..Down…down..
added last lot here this am..
Filled at $2.79
love ‘Da Bears’..
added back share of one of my faves
Interdigital Filled at $35.57
(i’ve traded this one a bagillion times..yes, indeed)
and added another pretty good size lot to the duck..this one has been dead $$ for awhile now..frustrating the h#ll out of me..hmmm?
I remain patient,as always, but am in search of a new dance partner this lil’ feathered fella continues to just sit there.
Sweet move in your LO