"Everyone has a plan 'till they get punched in the mouth" - Mike Tyson

February 25, 2014

Position update

I took two partial positions off the table today to raise cash  Why?  Two reasons

We've seen now 3 days of heavy selling end of day(when we've had positive action throughout the days) , and significant bifurcation of price action across the board.  Certain momentum names with everyone's attention are blasting through the roof while the rest of the general market is acting toppy.

Also, there are a handful of very interesting setups out there that i'm looking to enter.  Some include POWR, STAA, and ATTU shared here.  Others include EBAY, FENG, TEX, SCOR, EPIQ

I reduced VIMC back to half size.  It's likely to either keep basing or break down over the next few days.



MTW has had a great run from the mid 22's entry, but it's time to harvest some gains.  I sold half of it for a nearly 35% win.  You can see it's still trading well!  



Here's a look at the updated holdings.  We're back down to 55% long.  Cheers!





Reminder:

All ideas shown on this blog represent the authors opinion based on the data available.