JUST A LITTLE BIT MORE AND I’M BACK TO 100%
I'm still awaiting the fateful turn of my short-term trend indicator back to buy mode in order to be 100% long. There is a 25% cash position sitting in the accounts just begging to be have its turn at the track. Soon enough that cash will be put to work judging by the shape of things here and now.
As to where I will allocate additional resources? It will likely be in the current names, with GSIG and ATNY leading the pack. As far as the possibility for achieving considerable risk-adjusted returns that don't have me wishing I had joined the US Postal Service at the age of 19 for purposes of job security and peace of mind, GSIG and ATNY are the leaders of the pack. For those who are perfectly alright with the excessive variability and trajectory of returns, then high beta names like YELP and SYNC continue to provide opportunity. I have positions in all of the aforementioned as all of you know.
I commented on Twitter today about the awesomeness that was SYNC's earnings today. Perhaps awesomeness is an exaggeration. Their quarter was NOT an Appleesque blowout. However, it was a solid quarter that further substantiates my research into the company. The original research can be found here http://www.zenpenny.com/?p=3794
The general market still seems to be caught in ping-pong mode. You can see how closely the market is paying attention to the trajectory points I have been mentioning from the action in the 30 minute chart here.
click chart to enlarge
NASDAQ COMP 30 Minute Chart
Give it time. Just a little more time.
