Today was a reversal of fortune for the unfortunate stock bulltinas. Nothing like getting your nuts chopped off, you falsetto singing, penny stock egregios. Prepare for death by sabre.
Get a clue. We are stuck in a trading range. The whole month of May we have not seen range expansion, as this market has traded within a 7% range all month. And, volume was higher on the downside today, which should be a disturbing development. Comprende?
I was selling early in the day, reaping profits.
Thankfully, I emerged unscathed, actually up almost 1%, on the day, due to my market neutral posture. I’m still on with 48% gains ytd, currently at 44% cash, and 18% net short in my model portfolio. If you can afford it, you can read the write up in The PPT.
Off to the bunker to drink some lemonade and listen to opera music, while relaxing in my sable-lined lined hammock.
If you enjoy the content at iBankCoin, please follow us on Twitter
