Positions Update

• 70%+ in cash
• Apple (AAPL) now 177.50 and I'm interested in lightening up here on the last day of the year. I would rather sell on Monday, a new tax year. I think a lot of others have the same idea though
• Oracle (ORCL) now87.60, down from 106 on 12/10. Big support here at 86. 
• GoPro (GPRO) now 10.30 and have based here for all of 2021. Holding.
• Sonos (SONO) now 29.75, down from 44 in April. Holding. Short leash.
• Aurora Cannabis (ACB), 5.44. I will average down in this dog.
• VXX, buying more in the mid-18s.
• Pine Island Acquisition Corp (PIPP). Holding. Biden will get us into conflict and his buddies will get this SPAC involved.

SPX at 4773

S&P Levels

 Another all time high on 8/30: 4,537.36

50 day moving average ~4,385 (-3.1%)

-5% would be ~4300, last seen July 20, just 6 weeks ago.

-10% would be ~4075, last seen May 19

-15% would be 3,850, last seen March 25

-20% would be 3,622, last seen 11/30/20

Pullback of 10.5% began last year on 9/2/2020, it was a 2 month double dip that concluded 10/30/20

~3,400 was pre-Covid high, February of last year.

Positions Update

Follow up to current positions and this aforementioned list. S&P was around 3700 at this time. 

• Still 70% cash
• Oracle (ORCL) now 89.64
• Apple (AAPL) now 149.59
• GoPro (GPRO) now 10.23, Sonos (SONO) now 39.50 and Sharpspring (SHSP) acquired at 17 by Constant Contact
• Losing my ass on VXX but I'm still a believer with September and October just around the corner.
• Aurora Cannabis (ACB) to participate in the marijuana theme but I probably have the wrong name here
• Pine Island Acquisition Corp (PIPP), a SPAC with DOD connections to the Biden Administration

S&P now 4488 and setting all time highs every week.

Watch List quick update

I've been short and brief lately primarily because we've been relatively inactive in this market for the last 6 months - SIX MONTHS! Here is another brief update to some positions and I know that a more detailed justification is due.

• Watching to enter Smith & Wesson Brands (SWBI) currently $19.28 and Vista Outdoor (VSTO) $28.41. They have run up 172% and 295%, respectively, over the last 12 months. I know, I know, guns and ammos started getting a lot of interest in April 2020 and you may think that we've miss them already. I was at our local Academy Sports & Outdoors (ASO) yesterday and they are still running a waiting line before the store opens. 150 people were lined up by the time the doors were open and they started to line up at 4:30 in the morning. They were all there for one of the twice-weekly ammunition deliveries to that store. Yeah, I think that we're in a climate for more guns, ammo and returns on these two.
• Academy Sports & Outdoors (ASO) currently $22.48. See aforementioned post
• Camping World (CWH) currently $32.76.  

Positions Update

 

Follow up to current positions and this aforementioned list

• Have held ORCL but I don't like a break below 61. Stop at 59.75
• AAPL position will be let go with a break below 120. Stop at 119.
• GoPro (GPRO), Sonos (SONO) and Sharpspring (SHSP) still holding
• New positions are VXX, ACB & PIPP
• Watching and looking to buy CWH & ASO

Added two more new positions this week: PIPP @ $12.50 & ACB @ $11.50

Pine Island Acquisition Corp (PIPP) is another SPAC, a "blank check company". The company has ties to at least two people selected by Joe Biden for his Cabinet and an SEC filing states, "We believe that with our access, network and expertise, we are well suited to take advantage of the current and future opportunities present in the aerospace, defense and government services industries." Read More

Cannabis stocks are surging because the Democrats are in control of the Presidency, the Senate and the House which bodes well for more legalization of Mary Jane going forward.

1/4 of full positions in both

VXX ($18.35)

 Definitely a buyer of the VIX, here, at $18.35, 1/4 of full position

VIX will spike if the Democrats win in Georgia today. The market will likely rise and VIX sink if the Republicans win today.

Either way, I think that January brings a lot of uncertainty and I like my chances with the VIX. 

1/6/2020 14:07 CST edit - moving another 1/4 into position at 17.60