Do you like the transient manner in which I avoided today’s AWK dump off?  After over two years of being invested in the name, benefitting both from the large coupon AND the capital appreciation, I simply cut it loose.  This type of thing happens all the time over here.

Is it luck?

I’ve always considered myself lucky.  I walked away from a pretty gnarly Cessna crash a few years back.

But it’s not luck.  It is marrying the knowledge that matters and hanging out with it every night.  It’s foraging through The PPT, aimlessly, for hours on end.  Reading everyone’s commentary here sure helps.  Pay attention.

Moving on to this landslide close, there’s your sell in MAY!  That was 30 handles from the high of the day.  I got stopped out of my NANO trade amidst the selloff, but my impunity in ES_F continued.  I just had to try the mean revision, and actually made a point and a half going LONG mid death spiral.

I’m telling you, I should buy some lottery tickets for real today, I have the Midas touch.

After seeing the selling pick up tenacity I covered and bought some TZA.  Who am I not to join gentleman RaginCajun on TZA?  On this birthday!?!  I had to.  Plus it’s like my Ambien for the weekend.  Quickly: Raul trusts no pharmaceuticals, hence his distrust for resident drug dealer @halfbloodpope. I’m really not sure why I’m talking in the third person, via my pen name.

Some of my stocks held up well considering the carnage.  New long ACHN didn’t chit the bed, which is sometimes expected of newborns.  DDD was ugly, but damn, I’ve seen worse.  I’ll probably see worse come Monday.

I have the China PMI to look forward to this weekend with HMIN and DANG.  And I have SNE.  I even have a dash of NBG.  I like taking my chips to another country and gambling elsewhere while the USA gets sold in May.

My cash rose to 30 percent.

It seems like June is going to whip about something awesome.  I hope so.  Enjoy your weekend, eat a good meal, make love to your wife, for we battle come Monday.

Comments »

I finally sold my AWK long, held strong for over two years.

Mr. Cain Thaler – I owe you a steak dinner.

Comments »

Try as you might, you can’t buy RGLD sub 50.  Even when the opportunity presents itself, you’ll take to twitter and declare the next plunge in GDX.

Sometimes you don’t understand the force behind a play, but you go along with it anyway.  Broadcasting stocks are strong, I bought NXST.

Heptics, get with it.  IMMR

Your eyes are important.  Take care to keep them healthy even if it means getting away from your monitor to see the doctor.  No eyesight = no trader.

Utilities might actually die for bit.  Frowny face AWK.

CREE might take some heat next week.  I’m ready for that.  I’m ready for lots of that.  CREE is offering the EASIEST way for our country to reduce its energy consumption.  They’re perfectly aligned with our administrations agenda, and they make lots of money.  Hard to value but I continue to see all analyst coverage as short sighted.

FB is bracketed.  If it comes unhinged and decimates investors again I will me very surprised.

INVN is another great story stock, I’ll tell you over a bonfire soon.

HAIN is quiet, HAIN is good.

DECK made a nice comeback today.  I like comeback stories.  I smell seller exhaustion.

ANGI has been my second most profitable stock of the year to trade.  Who is to say I’m wrong at this juncture?

OMEX needs to find some sunken ship booty, stat.

Enjoy your holiday weekend.  Electronic music invades Detroit in a big way every Memorial Weekend.  I may partake mostly for the people watching.  I’ll be in-and-out, preparing for to crush our shortened trading week come Tuesday.

Comments »

Sometimes you have to let a trade effervesce, gently bubbling higher.  Such is the case with LOCK, apparently.

Other times you give the trade room, and only offer it your left hand.  This is how I’m getting back into my good friend RGLD, our favorite Senator’s mining situation.

Then there’s downright degeneracy, demanding nothing but instant gratification because well, you’re a degenerate and want it NOW!  If you bought SCTY this afternoon and didn’t have this mentality, I tip my hat to you and your courage.

Let me be frank for a moment.  This has been a fantastic, albeit slightly frantic, day for the bulls and America in general.  These markets are enfuego, IN MAY.  I really hope portfolio managers took their stupid axiom to heart and missed all this capital appreciation.  For I hate them, mostly.

Raul worked in the financial services industry once.  Let’s just say there wasn’t enough trading, if you know what I mean.

My happy place is buying and selling things, all the time, like one of those Pawn Star folk.

Into the weekend, my cash is down to 30 percent.

I’ve put a shit ton of longs on, more than I can properly manage.  This weekend, I’ll be ranking these and consolidating them down.  But as it stands, here’s the look, by size:

Trades: FB, ANGI, SCTY, JRCC, RGLD, GS, HAIN, LOCK, RGR

Investments: SAM, CREE, AAPL, AWK

If you follow along on the Twitter you’ve seen these things come on, you’ve seen me scaling them down, and now I bid you adieu.  I’m off to fillet and eat one of my minons.

Comments »

The market is digesting the gains bulls achieved earlier in the week with a consolidation today.  There isn’t a doubt in my mind that we’re overbought here.  But we simply haven’t seen any high volume distribution.  It’s just one rotation after another from extended stocks to the ones setup below.

I’m putting money in several names, looking to catch the next rotation.  I’ll be honest.  I don’t know where it will be.  My two primary rotational plays are LOCK and JRCC.  Lock is up over 10 percent this month but hasn’t pumped alongside the overall market this week.  JRCC is coal, so who the hell knows if it will catch a solid bid?

HAIN keeps marching ahead and I’m giving it space, but may take another scale soon.  I can’t resist booking gains.  The downside is I wind up with little fragments of runners in my books.  Current runner fragments include FB ANGI GS and RGR.  I’m considering adding to FB and RGR, but not ANGI up here.

My long term plays are AAPL AWK CREE and SAM.

My dog today is JOEZ jeans.  It needs to shape up soon or I’m cutting.

Cash is dwindling, down to 38 percent.

Comments »