iBankCoin
I turn dials and fiddle with knobs to hone in on harmonic rotations
Joined Oct 26, 2011
3,789 Blog Posts

Let The Fog Clear

My Halloween was a rather non-event.  A few children came to my door demanding tricks or treats and I drank one mug of cider and rum.  It took a while to unwind yesterday’s action.  I played it though my head a few times, remembering the subtle moments when the market gave me a little wink.

Then today came.  I anticipated sell flow on the S&P which led me to offer three scenarios that emphasized sellers.  But I never felt confident on the short side intraday.  The moves were too unorthodox according to my practice, and I could tell I was out of my element (Extra Donny).

Come 11am I started selling down my long exposure a bit.  I trimmed where I could selling parts of my LO, GOGO, and BALT.  Something about the AMBA bounce did not sit well with me so I scratched this position entirely.  I know flip-flopping can frustrate spectators, but some of these positions require confirmation for me to stick around.  AMBA stalled and after I gave my book a hard look AMBA stood out.  I still like the stock.

My two largest positions now are PPC and WLT.  This is completely unacceptable.  A young gent like me should not have size in stupid chicken and coal interests.  That is plain vanilla dumb.  I want my size in places like GOGO and Zillow and FaceBook.  You know, new companies.

Fortunately I have these TSLA shares.  I was so excited to finally own TSLA shares that I exclaimed the news to friends.  I have no idea what has me so god damned excited to own TSLA shares.  Of all the positions we go through on a weekly basis, I have never excitedly told friends about any.  That being said, I should probably just sell the stock now because I am way to enthusiastic about it.

I boosted cash up to 25% into the weekend because I am sticking with the theme that a large seller is at work in the S&P futures market.  Until that seller slips up and loses control, I am keeping some cash to buy up your margin liquidations.  Individual stocks are still working though, much to my dip buying chagrin.  October did not have a “day of terror” where everything goes on sale.

May November bring a solid day of terror, saluti

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4 comments

  1. UncleBuccs

    Raul, maybe there’s a place for some XONE in your holdings? Seems like your style and the coiled look it has sure is tempting…

    On another note, your rum & cider reminded me of a fabulous holiday drink I was enlightened to last year. Van Gogh ‘Dutch Caramel’ vodka (no substitutions) & the natural (cloudy-style) apple cider. It’s incredible. Here’s a link to the vodka: http://vangoghvodka.com/van-gogh-our-vodkas/dutch-caramel-flavored-vodka/

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  2. Raul3

    3-d def caught some rotational flow today. I’ll give it a look over the weekend.

    And noted on the bev, thanks for the the link

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  3. Denizen

    Very well put Raul. I still have to struggle with my bear side (having really cut my teeth in ’07 and ’08) but I play up my bullish side too much now in compensation.
    Be that as it may, I am in XONE (as well as CLF, ONVO ((working)) as well as a handful that are just, plain flat (i.e.; ZNGA & JRCC) ).

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