"Be patient with your winners, impatient with your losers"
Awaiting US stress test results and will see how the markets react to those tomorrow before taking any action.
SHORT SMSI @ $7.58
Markets look overbought at these levels and a pullback is overdue. I will not initiate any new long positions at this time and my exit strategy for my profitable positions will become more aggressive so that I do not give back my profits. Also my stops for a few losing positions are tight to limit any further potential losses.
I think we are done seeing FLOW pullback here, buckle up and get ready for liftoff!
Markets started the day strong but are now negative. Probably some healthy profit taking after the huge gains seen lately. I'm looking for more aggressive exit stratgies on some of my profitable positions but still being patient with these winners. I've got my stops in place in case this market corrects sharply to the downside.
Sold LINTA @6.28 for a 16% gain.
Awaiting US stress test results and will see how the markets react to those tomorrow before taking any action.
SHORT SMSI @ $7.58
Markets look overbought at these levels and a pullback is overdue. I will not initiate any new long positions at this time and my exit strategy for my profitable positions will become more aggressive so that I do not give back my profits. Also my stops for a few losing positions are tight to limit any further potential losses.
I think we are done seeing FLOW pullback here, buckle up and get ready for liftoff!
Markets started the day strong but are now negative. Probably some healthy profit taking after the huge gains seen lately. I'm looking for more aggressive exit stratgies on some of my profitable positions but still being patient with these winners. I've got my stops in place in case this market corrects sharply to the downside.
Sold LINTA @6.28 for a 16% gain.
Comments
Here is a list of names that are a much better fit for you:
Avalanche
Deepdish
Grimace
International House of Pancakes
Jabba
Jumbotron
Kong
Lardo
Pillsbury
Rotund
Stay-Puft
Let me you tell you this: The jugs on Lady Capitalism do not change flavor so quickly -- In fact, you knew she was a cheap whore beforehand and you STILL hit it up: You didn’t notice the dropping employment, skyrocketing public debt, weak 2008 and 1Q2009 earnings, and an economy beholden to the financial sector? Economic STD *EVERYWHERE*.
All things considered, I don’t blame you for wanting to change things up by going with a new mistress – You’re having drinks with Mr. Bear Markets right now, and you like the flavor enough to maybe go see a movie on the weekend with him. He’s a pretty rad guy – I sold my HTD:CN for a decent chunk today. Mmm.
Anyways, I gave you that knowing nod as you entered his house while I was walking out – he might not be the fashionable way to go, but he can deliver the results and the satisfaction we crave. It’ll be our secret, because not many people want to understand.