1/17 - SCTY 14.60 half pos
Lyndon, Peter and "ma niga" Elon Musk managed to put together one helluva company.
No shit, this is actual picture from their website, and it gives me real pleasure to see young faces of their management team. I am a pretty good face reader, and I am smiling looking at these boys and girls.
No indicators, no support/resistance, no earnings, no price history.
We had a spirited discussion about that here (link) :
Darth_Gerb, Incorrigible Iconoclast - Loyalist LeechI'm sorry, but faces & money do not necessarily correlate IMNSHO.
I stand by my opinion, that management of SCTY are young, ambitious, driven young people. In finance it's bad, in service/manufacturing it is a combination that been changing the world thru-out history. Look up Elon Musk and see what he did, and what he set out to do.
Having said that, my stop is below most recent low, until further instructions
Youth and exuberance is no match for age and treachery.
I answer (how do i come up with this shit?):
Fuck old people
World of the future belongs to young. Young of heart and mind. They don't know what is impossible, they don't know not to charge, they think they will never die... Do that and you will never grow old
(iBergamot grabs oxygen mask)
Something unusual happened yesterday: (wrote here):
Very narrow range on Nazdaq A/D.And so today SPX and IWM hit new highs. QQQ and Naz lagging.
Low -582; high -314. Negative all day long, thats no good.
Over past 6 months I only find 2 days with this narrow range. One end of August, one beginning of November. Both happened after a low vol sideways consolidation, both followed by explosive continuation of preceding trend.
Just one more piece of the puzzle
I am 75% invested, all long. YTD profit is little over 5%, and this is only 2 weeks of this year.
I really want to reflect, that on October 30, 2012 I wrote here (link):
My research shows a high amount of promising situations. Wide variety of great setups is presented. This type of situation happens couple of times a year at most. In the past, I only made aware of it when it's too late. Now I'm in it as it unfolds, already positioned in best and strongest areas...Well, it did happened just like I said. Unfortunately I wrote it when I was liquidating my fucking Flagship account, so no, no, I did not benefit from this knowledge. Subsequently and because of massive emotional breakdown, it took me good 2 months to get back on my feet. I promised myself not to dwell on this, and I wont, but this one time I will look back, acknowledge and move on.
Incidentally, I have a new plan and it's better than old one. May take a couple of years, but it will give me a sizable account to manage, so I can finally do it full time. It will be all mine, no investors, no partners.