Satuki @ Home

 Tubusa (flying wing in Japanese) is actually a big bird that comes to our little pond for meals everyday. There are a lot of fish in the little pond. She is a very shy bird. No one can get close to her. In fact, I do not know if it is a she or he. That is not important though. What is important is that she is a very patient and focused hunter. She can stand still for hours and hours before making a move. She is a very skinny bird as you can see. So she wastes no energy flying up and down looking for any possible fish movements. She just disguises herself by standing still. She waits, waits and waits….. Once a perfect opportunity presents itself, she makes a decisive move. …

I have been warning since yesterday on Twitter that a sharp snap-back might occur anytime. If you are following my blog, you know where and when I shorted a few stocks. Old shorts had hefty gains. They needed to book their profits. Today, the market swung like crazy. Nadz swung from -30ish to +20ish. That was a 60 point move. This was exactly the kind of volatility we needed. I wish we had this kind of volatility everyday. But the market is very dull 70% of the time. So Tubusa is here to remind us from time to time that patience is truly a virtual. You do not need to trade everyday, period!. But once there is an opportunity. You take a shot at it aggressively.

It is very obvious that why I would choose to go long here. The market is oversold and it approached a very strong support 8000. All the shorts and the longs(like me) were watching on the sideline. Any signs of strength would cause the longs to jump in and the shorts to get out. FSLR and RIMM were super strong all day long as I mentioned quite a few times on Twitter. So it is not too hard to see why I bought them. MON is the strongest fertilizer stock. MOS and NOV are not bad and very volatile, which is exactly what I like about them. Now the wheel is motion. Exit and stop loss orders have been placed. I can not touch them at all no matter what. My minimum target for each one of them is 15-20%. if one of them hit the target and the other ones die, I’d almost break even. If 2 make it, I’d very happy. If all of them die, it is just a part of the game. No big deal.. We will try again.