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It may not me very prudent to constantly be a contrarian in the stock market, but once the closing bell rings I tend be one. While Wall Street: Money Never Sleeps is capturing all of the attention across America today, I am more excited about the long awaited season two premier of Eastbound & Down this Sunday night. One thing about Kenny Powers is no matter how bad of a mood you are in before watching the show, you won’t be in one after it has ended.
As for the market, I bought a 3/4 position in $PAY, a clear leadership stock over the past several months. Recently, the stock had a benign pullback, which has me pouncing on this entry point. Essentially, my bet is that this recent pullback does not represent a Jenga game gone bad type of scenario, where a momentum stock simply collapses all at once.
All trades are timestamped inside The PPT.
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TOTAL PORTFOLIO:
EQUITIES: 58%
- LONG: 50% ($ATPG $CSTR $HMIN $NANO $PAY $TIE $VMW)
- SHORT: 8% ($QID)
CASH: 42%
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[youtube:http://www.youtube.com/watch?v=bgDaVLCaBzQ 450 300]r
You have no idea how excited I am for some more kenny powers much over due, you think will ferrell will make a guest appearance this season>?
I hope so, but honestly I think the show is so good it almost doesn’t need him.
ASHLEY SCHAEFFER BMW
Damn, I should have added TNA yesterday… not enough balls !!!!