Of Two Minds

Posted on Feb 3 2017 - 3:49pm by Sharpe Trade



The stock rally of the last 8 years has slowed somewhat.  Perhaps I was thinking of that slowing momentum when I jumped out of that profitable Facebook (FB) trade too soon.  Like an idiot.  But hey … we still have days such as these. Day’s in which the Q’s, Spoos and RUT party like it’s 2013. So I’m long. You name it, I have a position somewhere that covers the bullish side of the things.  And yes, I am still bullish on LOW.  And I’m thinking MDT is starting to look like a buy as well.  And I’m still long SYNT.

But hey … it’s me. It’s Dan. So I think about how I might be wrong. Which means I am thinking about risk. So if you are to ask me overall whether I am bearish or bullish? My answer is usually: Yes. So I am still short BLDR. I still hold money down on the line, that Gold will not fall too hard.  Which, in a way, is a bullish bet on fear.  And I continue to hold a bit of cash.

It’s me.  

So I’m bullish.

And bearish

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3 Comments so far. Feel free to join this conversation.

  1. mappy February 6, 2017 at 2:47 pm - Reply

    We are only a month into the new presidency. Give it time. We’ll be blasting off soon.

    Gold! wow!

    Go Patriots!!!!!!!! Insane game!!!!!!!!

    • Dan February 6, 2017 at 7:28 pm - Reply

      Yeah … I hate to count a trade as ‘complete’ until it’s officially over, but it looks like the sale of those GLD 112.50 puts is money in the bank …



  2. mappy February 7, 2017 at 8:41 am - Reply

    ROST looks good here. TGT still waiting.

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