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With the bears trapped in the move above 1131 on the S&P 500, I believe it is now correct to look for trashy, high beta stocks over the next few days. I am not talking weeks here, just a few days to rip the shorts who are acquiescing to the melt-up. Moreover, the low grade stocks will be playing catch-up to the broad market.
In other words, it is now acceptable to act trashy. So, go ahead and take a drive out to the Roosevelt Field Mall on Long Island, and start talking trash to random people minding their own business. Trashy is in. Haven’t you heard?
I bought a full position in trash du jour, $RDN. All trades are timestamped inside The PPT.
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TOTAL PORTFOLIO:
EQUITIES: 42%
- LONG: 42% ($ATPG $BTU $NYT $RDN $VMW)
CASH: 58%
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Hey, nice post, but where is Amy Fisher? LOL
Welsh
Ah, Chess… you’re easy but your no tramp. 🙂
Oh my goodness! an amazing article dude. Thanks Nonetheless I am experiencing problem with ur rss . Don’t know why Unable to subscribe to it. Is there anybody getting identical rss downside? Anyone who knows kindly respond. Thnkx