My Mojo Is Flowing Today

Good afternoon speculators, spectators, and readers of all kind.  The markets are ripping, still, set to print a V-shape more delicious and powerful then all preceding V-shapes.  V-shapes truly are beautiful, what with the symmetry and all…I hope the action has treated you well.

Everything was up today.  There is not much more to say.   The stocks that weren’t up, like Zillow, eventually went up.  I do not always nail every trade, but I can put an official #NAILEDIT stamp on trading Zillow through earnings.  It all started yesterday, when I SOLD all my shares ahead of the announcement.  They beat across the board, yet prices were 5% lower at the open.  Seeing the NASDAQ off to an early charge, I gobbled up call options in Z, right about when we printed the low of the session.  Spencer Rascoff would be proud of my bargain hunting prowess.

The LED trade is about to make its move, finally.  I was early to this trade by about 1.5 months…no big deal.  It can be frustrating exposing yourself to the market for that long while you wait for a trade to set up.  Such is the price one pays (in time) when they decide to take a top down approach to stock picking.  The idea is solid—every lightbulb will be LED.  The marketplace of stocks however, is fickle, and only pumps when the stars are aligned for pump-o-mania.  I am happy to say, the stars are finally aligned for PUMP-o-MANIA 80’s style for LED stocks.  If we don’t pump this time, I am out and will use said funds to start my own damn LED company.

I like the solar trade to pair with my LED trade.  You generate the cheap electricity using the great powerplant in the sky, and you use said energy to fuel the energy sipping LEDs.  Doesn’t that sound like a better world?  Then again, everyone eating health food sounds like a better world but WFM is dead and CMG is the future or instant gratification.  Again, it is tough to invest in ideals unless you buy and walk away for years.

I bailed on Facebook yesterday because a video is going viral showing the fake ‘likes’ people are buying from FB.  Lo and behold, the catch me if you can trade continues on.  Now I have to wait on the sidelines for the correction so I can get back in.  Same with Twitter, all I have is a small stake when I got fickle and sold the shares I bought for $50.02 last week.  I am fumbling the social media trade and question whether I am worthy of the Frank Abagnale avatar.  However, I am not motivated enough to change it, yet.

Elroi has been in the shop all week getting a tune up.  His preliminary update will be complete at 9pm tomorrow, then I hope to get his next mod completed over the weekend so I can take him back live come Monday.  He has work to do.

I have two pot stocks: PHOT and GRNH.  If I am going to dabble in OTC degeneracy, I refuse to pay more than $1/share.  I can get a way more potent position (pun intended) without being any more vulnerable to the shenanigans of OTC listed stocks.  Hence, I would not touch MDBX, CBDS, or any of these high priced illegal stocks.  Instead I may consider HEMP, or even MJNA if I must.  This is high speculation (pun intended) so tread carefully.

I had a piece of ANGI options left into earnings after scaling some off at a well-timed peak.  The small loss is being offset 10 fold by OWW, which is going bananas along with the rest of the travel industry.

I have too many side bets, I realize, after writing this post.  I need to concentrate down risk before the next correction.  And by concentrate, I mean take fewer, larger, positions.

Have a good one.

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