Following a brief respite, your humble narrator has returned; bedazzled and torn, but still alive.

Now, in the name of honesty and all that is holy, to both the new and old Gods of the Market, I have given up too many gains in the last 2 weeks. I fought hard for these percentage points that hold so much sway over my mental state and ability to purchase boats and cigars.  As if by shit-storm magic, practiced in the decadent halls of fortune tellers and homeless men alike, I win throughout the first half of the year only to be poleaxed as we move into the sweltering summer months. Due to some sort of sick obsession with watching the tape, I attempt to “game” a system that is marked by low volume and junior traders trying to make a name for themselves (see: The Fly’s most recent blog post).  For the next 2 months I plan on playing close to the chest, while accumulating long term positions.

My favorite activity during market times such as these is to seek out long term opportunities that are not being systematically dismantled by mother market. It just so happens that two stocks I am looking at I already have starter positions in; $RAD and $CSU.

I am extremely bullish on both of these names, and if you pull up a chart, both have been weathering this storm like a boss. I have only 1/4 positions in each currently, but you can be damn well sure that before the summer is out they will be brought to full positions. In a follow up blog post, I will give my thesis on both names so the plebeians can pilfer my time and effort I put into research.

I also want to tip my fedora to @RaginCajun for pushing me into $TZA Friday evening, I promptly took gains this morning near the open and successfully hedged some of my remaining longs.

Besides long term picks, my top choice here is still $IMMR. Uptrend is still intact, with rising moving averages tucked neatly below.

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