Wait, You’ve Heard This One Already?

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So, it appears to be a fine week for me to conduct some interviews with prospective employers.  In Portland, I had all of 00.00 interviews in the year after graduating (June 2011).  Since moving to Pittsburgh, I have had meetings with 5 different companies and several “big shots” in the industry.  Nothing has broken for me yet, but it’s only a matter of time.

I want to buy the hell out of this dip, I really do, but something is holding me back.

Maybe it’s the Spanish 10 year yields levitating above a balmy 7.5%.  HAHAHA, an ignorant “friend” on The Facebook was talking about Barcelona with tones of whimsy and wanderlust the other evening, to which I replied “what is civil unrest and 30+% unemployment, Alex?”.  Unfortunately there were no other comments for me to ridicule.  Likely due to the fact that I am not wont to reply in the most typical of The Facebook manner, namely, via blowing sunshine up the OP’s ass.

I just don’t understand how the market can be REPEATEDLY scared shitless about the ‘difficulties’ in Europe (seriously, hasn’t this nonsense been going on for over a year now?), then *poof*, everything is grande (sic) once again as gentlemen celebrate the grandeur of the stock exchange advancing in price (which, quite honestly, is even MORE nonsensical when you think about it).  Oh don’t fret, there will likely be some magic news in the coming days to assuage the fragile emotions of speculators, hence allowing the S&P 500 to goosestep back above and beyond 1380.

Oh man, I already know how this is going to play out!  Then we’ll have yet another fantastic NFP Friday blowout extravaganza, only to bear witness to an eyebrow scorching rally into August op ex.

Or maybe this really is a repeat of 2011.

If so, get your fucking Merlin hats ready, because we are headed to 1200 (and possibly beyond) in short order.

Just look at the $SPY daily.  There is a LOT of ‘thin air’ if price slices through that 127 area.

Don’t be a fool “Eliza Mae”, the Bearded Clam could, would, NEVER let that happen.

Well Mr. (or Mrs.) Shortsighted Shit-For-Brains, check out what was happening a year ago, to the fucking day.  You can’t even make this shit up.

Sure, we are getting very close to being “oversold”, and that has me interested.  This market is really thin, and is completely controlled by the robots on Wall St.  Just look at the fucking charts from two of the most “blue chip” of “blue chip” stocks ($KO and $MCD) last Thursday, and tell me that human beings are capable of such utter chicanery?  Just like last summer, if we start breaking through levels of support from late, then early June: look out below.

In other news, I sold out of my floundering $THLD position today at 6.64.  I added a chunk of shares last week to the few I have held on to since I first started buying and selling this stock, but reached max-pain today.  All in all it was a fun ride while it lasted.  I gave back some realized gains with this latest liquidation, but still did pretty well for a few months work.

My $MO position is ridiculous, representing over 30% of assets in my “trading account”.  Keep on smoking you disgusting degenerates.  Additionally, I still hold shares in $SAVE (7%) and $RGR (almost 13%).  $ARMH (4%) is the remaining monthly seasonality pick and is currently erasing the gains from the other two 3+% winners this month, bringing July to roughly break even.

My cash position is north of 45+% and is waiting to be deployed into index ETF call options.

My best to you all.

-EM

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