I’m going to getting a lot more active in the coming months. Again, Twitter is the best means of following in real-time. I’ll be updating the website with all the daily activity around my usual time each night.
Here are my tweets sent out during the trading day today:
The liquidation of GSIG was purely a function of the stock underperforming all other names in the portfolio since January. I wanted to raise cash and I decided to cut out the weakest first. I wouldn’t at all be surprised to see this company substantially higher by year end. Fundamentals are great. Management is magnificent. The recent earnings report was wonderful. I don’t get what is pressuring the stock and/or why it hasn’t been recognized yet? When I start scratching my head I have found that I should just bail out. I bailed with a 5% profit. Can’t complain really.
I took a long position in LGF today. It is a company I have been bearish on for the past couple of weeks. I nailed the blowoff top to the day but didn’t take a position due to my market stance at the time. I am hoping some of you took advantage of the call.
I decided to get long today based on what I believe will be some impending short covering. LGF has quite a bit of short interest and I know that short sellers aren’t necessarily in “let your profits run” mode. The type of pattern the stock is exhibiting can get reversed quickly and I am expecting this to be the case here shortly.
My entry point was off today, which was annoying. But I am willing to give the stock some room to work itself out. This is one that I will, more than likely, be out of before the end of the week. And it should be with a profit.
Here are the individual positions as of the close today:
LGF – a short term trade
The portfolio of champions and you don’t even need milk.