Quietly pulling in bricks of money at the moment. Not that it is quiet around my hovel, I'm in full boilhead mode here. But the Street sentiment is quiet as a drugged mouse.
Nothing drugged here - more like Ignatius speed-eating Swedish meatballs.
I'm trimming back some of the larger positions and/or ridiculous gainers, while trying to keep tabs on new breakouts and pull-back entries elsewhere (the chords are loudest here when an FCSX gets away from my limit price, by a few lousy pennies, and then the mammoth moonshot ensues before I can scramble fast enough; missed it by that much...).
The quiet advance action in the overall market is a positive. I prefer the slow start; backing and filling, wall-of-worry climate; meanwhile, under the surface, many stocks are obscene green.
I was able to sell TITN at the open at 18.32 at the open, but only for one account and I went ahead and bot it right back at 17.25. This one is a beast, but widows and orphans beware. Don't use the back hoe on this one.
I cut back the TNH >152. I will add this back more than likely; I'm trying to take advantage of the wild, thin moves in this one. Widowed orphans should beware here as well, although I will be willing to pay all-time high here one soon enough (that's what makes me tick); still holding 50% of what was a large position there at moment. Cow Pie Constantinople.
I cut back the LNN (ave. 69.83), too low but I had a large position there for a small, thin issue. I'm happy to sit on my hands now and watch this move towards the 75 - 77.50 area and test that recent high. Still looks like a monster to me; Ag services.
I cut back the added SYT shares on the gap-up; 55.45.
I bot PRXL pulling back; ave 52.68.
Fed fund futures are suggesting a reasonable chance for a 75 basis point cut by the end of the month (>40% probability at moment). And by March we should see a min of 100 bps lower for fed funds reductions. Candy Candy!
I'm not going to go on a bullish tirade here (ha!). I'll only say there are many dozens of stocks acting quit live - varying degrees of moonshots out there.
Current long Positions (by size): APOL, GENZ, OII, LNN, HOLX, CVI, MR, JASO, VIVO, CPHD, CAF, YGE, SYT, PRXL, GHXD, IRIS, TISI, CSIQ, TITN, TNH, CZZ