Pardon the blog silence as of late, I’ve been pulled in 20 different directions for the past couple of weeks and am having trouble fulfilling all of my obligations. I am quickly learning that trying to do too many things at once often results in doing many of them poorly. While I admittedly am doing some of them poorly, trading isn’t one of them.
Because I have been short with you all I would like to extend you my sincerest apologies. Further, because talk is cheap and “I’m sorry” isn’t going to cut it, I want to share with you, free of charge as always, my next two trades in case you wish to play along.
1. Lumber Liquidators $LL
I like the big rounded base $LL has built and the fact it has pulled back recently. Almost 25% of the float is short and implied volatility is low, meaning we can play for cheap. Get some time if you play this one. I am shopping the January $31s and $32s as we speak.
2. Skyworks Solutions $SWKS
Respecting the primary long term uptrend…
Short term I think we get a pull back near the shaded oval and that is where we want to initiate a long:
I am looking at January $115s and will initiate on any dips we may see this week.
I am working on some “meaty” posts and I expect those to be released soon.
Thanks for your patience.
OC