The sellers had market control in sight this morning. They came into the open of /NQ and drove price lower. They dictated direction with ease, pressing on the buckling bids.
Then they abated a bit.
Then when they tried again to push, their ranks were too weak, and the market began gliding higher, riding the tidal movements of money flow.
Seriously though, being constructive on the short side when momentum stud muffins like SCTY, TSLA, WLT, DDD, and more are off to the races is like wishing Friends was still on the television. I hate you.
I feel underexposed again. I should not have sold AMBA. That was a cowardice move and I want my shares back. WELL HOLD ON. Alright I bought my AMBA back. I am writing this live.
Scalping in the /NQ has been very good to me today even though the market is stoopid [sic] and quiet.
Chicken is on the come up. PPC has plenty of seasonality gas left in the tank and I intend to capture it, FTW. Arise chicken, arise.
Walter grabbed the golden ring today and I scaled off some profits, naturally. I still hold a gentleman’s stake in the company.
As I write, we are squeezing into the bell. Also, very naturally. Value failed to migrate lower. Sellers failed to take advantage of their early mover status. The bulls smell weakness, just like real bulls, and they are pressing their hooves into the beguiled shorts.
Hell, I was starting to become a believer with my 25% cash.
Now I am in a more comfortable 15% CASH for the great dash into equities. People want these stocks and the market is about to snatch the limelight with the TWTR IPO.
Unlike the gluttonous majority of my peers who spent the weekend rooting for their stupid alma maters and their U.S. football teams, I was holed away in my command center heavily researching the LED industry. The opportunity is too big to ignore, and if you are not adding exposure to this space via investment friend, you too are a glut. This opportunity is magnanimous because the opportunity is so widespread. That means even a team of clowns can make a fortune. That’s why I still keep size in RVLT.
I added VECO to my LED longs today. Their forecast for the upcoming quarter was rather dire because they are dumb. They don’t realize that demand is about to rip the tits upward. Knowing their own industry and company better than they do, I bought their shares today for thirty two dollars and twenty nine cents.
Naturally, I will retrace my steps and pair down long exposure if the sellers press recent lows successfully. But until then get ahold of some hot stocks and then occupy your hands with food and tobacco.If you enjoy the content at iBankCoin, please follow us on Twitter