Blog Archives - Bigsky Investments®

Bigsky Investments®

Portfolio Rebalance

11/25/2013

I've been making bank these past couple of weeks but got a little carried away and dipped too far into margin. Last friday I got my first margin call and used that as an opportunity to liquidate a bunch of stock and rebalance my portfolio.
I dumped TTWO: which unfortunately has been trading absolutely dreadful since I bought it. I correctly predicted that GTA 5 was going to be big and it proved to be much bigger than even anticipated. What I could not predict was how TTWO would react to all of the positive news by selling off and getting kept held down.
I also dumped BTH which unfortunately is dead money. In hindsight I should've sold it on the buyout rumor and the initial pop it received I just was expecting some sort of short squeeze as its 91% short which never materialized. One day probably soon now that I am out of it, it will gap up 50% on buyout news but unfortunately until that day it is quite frankly dead money.
I halved my position in ONVO. I suspect positive drift but its likely this stock will be range bound for some time now as the market adjusts to the aftermath of the insane moves it just recently experienced.
I sold a little bit of DDD and also reduced some BALT.
I also significantly reduced my position in PRKR.
I might increase my position in PRKR moving forward it is my best idea for huge breakout potential but I need to really use caution in abusing margin and keep my positions smaller than I have been for safety at the expense of outsized gains.

Strange Vibes

11/18/2013

The market is giving me strange vibes today. After hitting fresh all time highs at DOW 16000 it slogged around until sir Carl Icahn the cocksucker came out with a tweet saying that he expects a large selloff in equities and that many earnings are a ‘mirage.’ The market responded by dumping. Now keep in mind that sir Icahn has over $1B in cash right now from his NFLX profits and is looking to buy companies as cheaply as possible. Therefore it is in his best interests to try to manipulate stocks down. The bears have been on the sidelines drooling for so long that at any opportunity to short sell that they get they jump on it. An important lesson in the market is to not get too optimistic. There was some significant reversal action in a few of my stocks namely DDD and ONVO. These stocks have been on absolute monster runs for me. I truly believe in the long term prospects of both of these names. Unfortunately the stocks have recently gone parabolic as their meteoric rises attracted all of the momentum traders and latecomers at once. It is incredibly tough to call a top in a market that continues to plow to all time highs daily however people are on edge as nobody wants to watch their profits evaporate. I am going to be watching closely and am contemplating selling half of my positions in both to protect profits. I will absolutely not be selling my entire position however because that’s when you miss the next leg up.
Its tough to control that greed impulse and sell especially when you know that the future potential of a revolutionary technology is limitless but I know the perils of too much optimism.
This certainly isn’t a cry to short sell. Use Caution is all I’m saying.

Bullish on 3D Printing

11/6/2013

3D Printing is the future and Im going to be riding it into greatness and vast fortune. Im heavily invested in all aspects of 3D printing from the mainstream commercial applications with DDD to the industrial in XONE. ONVO is a truly revolutionary company that prints human tissues. They currently are printing out human livers that can maintain function for up to 40 days. SGLB is a penny stock 3d that is developing a system that helps correct tiny imperfections in the printing process saving time and materials. GE said that in the future they expect as much as 54% of their manufacturing to be done with 3D printing. Be smart and get in the 3D printing sector now before it continues to steamroll higher! They might not all be winners in the long run but the winners should produce enough gains to compensate for the losers.

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