Mornin’ y’all, and welcome back to the rodeo, where the bulls buck hard and only the best of the best can hold on til the buzzer.

Our second largest position on the short side of our ledger, Dollar General, reported another round of dismal earnings and outlook and it’s down to the lowest levels its been since we stepped in with our short. Our third largest short position, Dollar Tree, is down in sympathy. I’m going to cover about 1/5 of my DG short to lock in some of these profits.

Tech is on fire this morning (knock on wood) and I’m also looking to sell about 1/10 of my Sandisk call options that I was buying before the break out as outlined in this post:

I’m also buying some Sandisk April calls with $40 or so strike prices. Just a tranche buy while it’s down and per my write up on flash in the smartphone/tablet world.

Sandisk did indeed break out and is up about 10% in a straight line since I wrote this the next day:

Sandisk is looking like it could try to break out next. 

Easy does it, following the playbook. Scale into the best revolutionary stocks on weakness and trim on big rallies. At least while we remain in bull market mode.

PBR 101 with Ty Murray