A fine morning to you, good citizens of the internet.
I must say, we are, without a shadow of a doubt, getting perilously close to another violent pullback in the market.
How can I say this with such certainty and vigour (sic), you ask? Good question.
Answer: I deployed more cash yesterday to fund new speculation into some new names entering volume voids.
Freewheeling purchases were made in both AEIS and CVD late in the day. I did cut free that stupid MDP position that was acting more like an anchor than an investment.
Additionally, I also locked in some profit from my very successful speculation into RWT. I sold only 25% of the shares that I own…no matter how long I have been trading, the feeling of satisfaction when turning “paper” profits into “real” profits never wanes.
I am tempted to take some PCL off of the table here for similar reasons. The stock currently comprises over 10% of my portfolio and it would be nice to lock in more gains prior to this impending pullback.
As for this pullback, don’t worry, there will be 16-40 hours of sheer panic as traders face the possibility of ending the day (or **gasp** DAYS) in the red. That said, DO NOT FEAR GOOD CITIZEN the beards are growing thick and wild in the halls of the Federal Reserve, and order will be restored in a matter of hours.
-EM
