Big Wave Trading Portfolio Update And Top Current Holdings

Feb. 26, 2012 4:20 AM ETCPRI, IRE, YINN, UMDD, VLTC, RF, LCAV, FAS, RENN, TNGO, VNET
Joshua Hayes profile picture
Joshua Hayes's Blog
886 Followers
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Contributor Since 2008

Joshua "MauiTrader" Hayes is CEO, president and founder of Big Wave Trading Inc. (http://www.bigwavetrading.com/), a Maui, Hawaii-based stock market advisory service. Hayes is a well-respected stock picker and technician who combines fundamentals, psychology and money management to trade professionally in his own family, and friends accounts for more than 12 years on Maui. Hayes also runs BigWaveTrading.com, an online stock market commentary and stock selection service for short- and intermediate-term investment strategies using CANSLIM and other strategies. Hayes has been a contributor to Telechart as Sir Aloha, Realmoney.com, InvestorsParadise.com and TokyoJoe.com.

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, OTC:TNGO, CRMT, FFN, VNET.

Recommended For You

Comments

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.