Joshua Hayes'  Instablog

Joshua Hayes
Send Message
Joshua "MauiTrader" Hayes is CEO, President and founder of Big Wave Trading Inc., a Maui, Hawaii-based stock market advisory service. Hayes is a well-respected stock trader who combines fundamentals, technicals, psychology and money management to trade professionally for his personal,... More
My company:
Big Wave Trading
My blog:
Big Wave Trading
  • Big Wave Trading Portfolio Update And Top Current Holdings 0 comments
    Feb 26, 2012 4:20 AM | about stocks: KORS, IRE, YINN, UMDD, VLTC, RF, LCAV, FAS, RENN, TNGO, CRMT, FFNT, VNET

    The Big Wave Trading margin and retirement accounts remain fully invested. There have been two distribution days in the Nasdaq in the past week but the selling has been orderly. While we remain cautious on new positions with the market in a non-stop uptrend, we continue to ride the trend higher. We do not know if the market will or will not pullback. We can only prepare for both outcomes. If the market begins to pullback we will continue to sell laggards and look for new leaders. If new leaders do not appear then we know there are problems with the underlying market. As of now, every time we sell off a laggard we are presented with another leader giving a legit BUY signal. As long as this occurs, Big Wave Trading will remain fully invested flipping out the laggards and using that capital to invest in the new leaders. While a pullback seems like the appropriate and necessary thing for the market to do, we know the market usually does the opposite of what we want. Therefore, if the rally continues without a pullback, we at Big Wave Trading will not be surprised and will just ride the wave.

    Top Current Holdings - Percent Return - Date of Purchase

    IRE - 52% - 1/12/12

    KORS - 47% - 1/17/12

    MOTR - 46% - 2/2/12

    LCAV - 46% - 2/13/12

    FFN - 35% - 2/7/12

    UMDD - 34% - 1/5/12

    YINN - 34% - 1/5/12

    RENN - 34% - 1/11/12

    FAS - 28% - 1/5/12

    TNGO - 28% - 2/3/12

    CRMT - 28% - 11/30/11

    RF - 28% - 1/5/11
    VNET - 25% - 1/10/12

    Disclosure: I am long KORS, IRE, YINN, UMDD, MOTR, RF, LCAV, FAS, RENN, TNGO, CRMT, FFN, VNET.

Back To Joshua Hayes' Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.