One more addition and the portfolio will be effectively 100% long, i.e., there won’t really be room for any meaningful position adds without using margin. I am adding Air T (AIRT), a microcap value stock that is about 55% short-haul express air freight for FedEx and about 45% ground support equipment, including the only deicer that provides forced-air deicing capability at a working height of 78 feet. I wrote about AIRT several weeks ago. This stock will be added sometime tomorrow. Microcap risk, customer risk, yada yada, read the disclaimer.
I am tempted to play the bounce probability for the broader index through a long trade in SPY or SSO; this is a pullback to the height of the middle of the “W” pattern, the index looks to me to be at support, and the 2-day RSI is below 10. If I decide to do that, I will either post about it separately or make a comment on this post; at present I’m undecided on whether I’ll take the bounce play.
