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Selling Almost all Remaining EnerNOC (ENOC)
The position in EnerNOC (ENOC) has worked out very well for us… after a purchase right at the 200 day moving average on the 23rd of November, the stock did a complete U-turn the next day and ran right into resistance. We dumped 2/3rds on the 27th, for a 11% gain in a week… the [...]
Closing Meritage Homes (MTH)
This market is confusing; I face a swathe of quite awful charts in the small and mid cap arena, while every institutional manager on the planet rushes into Amazon.com (AMZN) and a handful of similar ilk. The market leadership seems to narrow by the week, but it is almost entirely located in names represented in the well [...]
What the Heck is Going on During Mondays Lately? Always Up
I’ve noticed Mondays have been very strong lately; the past few weeks government officials worldwide reiterated stimulus, money printing, and more stimulus – first in the G20 (2 weekends ago) and then in Asia (last weekend). But then I thought back and it seemed like every Monday we seem to walk in to things that [...]
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