Today the old man woke up at a customary 4am, sans alarm clock, and slowly rose from his twin-size bed positioned appropriately across the room from his wife.  He prepared his straight razor with smooth swipes across the grit of his sharpening belt.  His thin lips held onto a cigarette as he removed any trace of facial hair with a generation of confidence.  He swung the washroom door open and emerged from a thick cloud of smoke in a Tom Ford suit and said, “I want Cisco.”

And so went the day.  Old men across the nation dialed their rotary phones and demanded their brokers buy shares of CSCO, in 1000 lot increments, until instructed to stop.  The action firmed up the Dow Jones as well as the S&P 500.

We are only 10 points away from the 1800 market on the SPX and I am 95% long.  There was a mix of winners on the day.  The peddlers sold down GOGO today after an impressive gap which is to be expected from the degenerate class.  Meanwhile ONVO ripped the hearts out of shorts and fed them to the pigs.

The chicken play in PPC is setting up finally, and if we close the week out strong prospects look solid for a rise into the gluttonous festivities of Thanksgiving.

Facebook wants needs to corner the sexting market.  Without it, they are vulnerable to rapid extinction due to lack of attracting teenage use.  On the contrary, teenagers are smoking LO’s Blu brand eCigarettes at a growing rate.  LO is winning over the next generation of smoking class.

I am completely out of energy, here’s my book:

AMBA, PPC, AAPL, GOGO, RVLT, TSLA, LO, YGE, WLT, SFM, BALT, CREE, F, ONVO, FXY, TWTR, MJNA, and O

Many of those are partials.  The main size is from AMBA-to-WALT

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Ladies, gentlemen, please…allow me a moment to address the market.

You may not make it down to the Raul blog often, but I reside rather gingerly on the front page of iBankCoin.  I know that my continued existence in these hallowed halls amongst the finest strangers the internet has to offer depends on one very important matter: banking coin at criminal rates.

After exhibiting complacency two weeks ago Friday I have been on the receiving end of a severe bludgeoning via shares of PPC due to a salmonella scare.  I regret to inform you I was forced out of this position today and took a large loss.  Let’s talk about large losses.

This was a ten percent position and I stopped out at twelve and a half percent.  Math:

0.1*0.12=0.012

I lost 1.2% of my account value.  Part of me wanted to ride the stock into earnings for the glory.  I envisioned myself riding into town on a chicken-drawn chariot with plebs laying olive branches on the street.  Upon reaching to town square I would be handed the ceremonial staff to perform a blessing of the populares, restoring balance to the social classes.

But in a rather stoic manner I cut the shares loose.  Because the truth is public perception is fickle.  Many of you are simple, as am I, and lack the resources or time to give a company a full fundamental shake.  I know inputs to making chicken meat are down across the board, but so does anyone else who analysis this company.  Elon Musk set a new standard with his quick assessment and public response to the Model S fire and now I expect the same from all companies.  I get Old Wall Street silence instead.  So PPC and its shareholders can go fly a kite for all I care and I’m back in the sewers, hungry as ever.

I cut LEDS too.  Perhaps the critics were fiddling with their catalytic converters when I scaled 10% profits one day into my campaign.  That would justify tossing tomatoes in my direction when I cut my net position for a scratch.

Finally, I cut SCTY.  Let’s say you love bath salts but all you can find on sale is old fashioned Mexican speedball.  You decide something is better than nothing and in your constant urge for instant gratification you gobble like ten Mexican speedballs.  But since you want that bath-salt-bug-eyed rage fueling your body while you chew arms off hobos, you find the speed only providing an uneasy feeling in the pit of your stomach.  That’s why I cut SCTY for a 3.4% loss.

My final move was buying a modest allotment of AMBA shares.  Morgan Stanly flip flops and the investment community dumps Ambarella?  GMAFB.  Well actually, you did give me a break because this was an opportunity to get back on board stock in a great company.  I liked it at 22, why wouldn’t I love it at 20?  I am a buyer of further weakness.

Now I have 22% cash power to buy some blood and a stable of stocks fit for an entrepreneur.  Largest-to-smallest friends, largest-to-smallest like always:

GOGO (huge), LO (+15% what?), ONVO, WLT (Walter), RVLT (a love/hate), AMBA (SAIL!), SFM, CREE, SLW, F, FXY, IMMR, MJNA, and the big O

That is a hot look.  I like this basket of stocks.  I have a few names I want to add to the pot to get back to full long exposure but I am content to ride into tomorrow’s spooky trade with some cashish. The Fly’s ALJ has the look, FB is making ATH after hours, and YELP is at a slight discount.

FINALLY: YOU SHOULD COME INSIDE 12631.  There is a free trial tomorrow and Friday ONLY.  I do my best work in there with little-to-no shenanigans.  I would love to see some of my twitter buddies in there.  The password for the free trial will be released at midnight, so you vampires can come inside tonight and kick some ideas around and us normal folk will see you bright and early.

http://youtu.be/c-P5GpkPrk4

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The kabuki theater kicked into high gear, scaring people.  That is because when you are scared you flinch, and when you slip just that much, JUST THAT MUCH, algos will lance 100 holes in you.

The market is behaving itself like a top tier executive after a good night’s sleep.  The market is reading the Wall Street Journal (have not read this paper in five or so years) while eating roasted duck and poached eggs.  The market is driving the Bentley patiently into the office and greeting the security guard at the entrance with a gingerly tip of the hat.  Then the market is meeting with its top advisors and strategizing the next big move.

The market is behaving very top hatted.

Yet jolts of fear are shooting across the bow of the stock world.  They don’t want to chase your winners.  Instead the smart money wants you to panic so they can buy your blood.

Stick with your best ideas, grab a wad of gumption and stick it in your cheek.  Then spit at the losses you are incurring and welcome a little pain into your life.

I sold out of VIPS and MHR because these were trades aka cheap thrills.  I want to focus on my core.  I’m still an oil man so I simply took down a large position in USO.

Cash is 33%

Top Picks: LED industry

Wish list: ONVO, ADHD, VLTR, OESX, VECO, SFM

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I was not actively trading the /ES today, but my algo was able to take two trades.  One earned 1.75 handles and the other was breakeven.

My portfolio had a very strong day today, up nearly three percent and putting me back near my high watermark of the year.  I’ve been trading my butt off to finance these investments in RVLT and CREE.  As a result, when RVLT and CREE go up, I have big days.

Let’s discuss RVLT a bit.  If we consider the sentiment chart idea, we find ourselves within the panic bounce.  To me this means any rally we see over the next few days/weeks is likely to fail.  How do you like that?  I’m telling you right now that my largest position is involved in a failed rally.  And that’s okay because my timeframe on this position is multi-year.  Let’s hope I’m correct so we can have better opportunities to buy even more shares.  Another anecdotal piece of evidence calling this rally into question is one of its origins: a {cringe} Seeking Alpha report.  The bozos at SA (as the hipsters call them) were greased to help somebody get out of a seriously underwater position.  This is just a theory, but their track record is eroding though the diligent work of iBankCoin Chief Market Strategist “The Fly”.  It puts a foul stink on the whole move.  If it wasn’t a pleasant twenty percent pressure release valve I would be even more ornery.

However, CREE reported they have retrofitted the NASA headquarters and done so quite successfully.  Hmm, Cree really knows how to land the big fish, yes?  Wrong!  The biggest fish tend to be the wisest fish—having survived years of fishing and boat propellers.  If/when these gigantic fish encounter a situation where their lighting is called into question, the data will unequivocally point them in the direction of LEDs.  Any entity that weighs the financial impact of any business decision will see the cost benefit of retrofitting their existing light structure with LEDs.  And CREE, RVLT, OESX, AIXG, RBCN, and GTAT will benefit.  Look at GTAT…shorts better pray to their demon lords that sadistic seven holds as resistance.  Otherwise the light, the good, shall prevail.

Other big winners today were TRLA, CLF, and END.  Readers, I’ve been clear with my calls.  It’s up to you to wrap risk around them.  I scaled a small piece of TRLA off because I take profit when the markets giveth.

My SKF has gone red by about three percent.  Tomorrow it comes to an interesting fork in the road where I’ll either buy more, do nothing, or scratch the trade.  I was hesitant to add to the position today when the SPY absolutely refused to roll over.  Checking back in just now, it appears it did manage to roll, BARELY.  Until I see more confirmation, I’m not loving this trade.

END needs to rip, I mean, come’on now, we’ve been flirting with the idea of going all the way for weeks. Why not get past this game of just the tip as @chessNwine often references?  I think we do, hence why I haven’t scaled any off yet.

CLF is tricky.  It has been dead money for so long and now it shows signs of life.  Do we trust it?  Or do we take our six percent and dump this cheap trick?  TBD

In closing, I kicked my cash up to 25 percent and could like to see some market weakness to buy my favorite stocks sitting on my wish list—names like Z, SFM, GOGO, AMBA, ADHD, and VPCO.

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