Laughing At Myself

This market is driving me fucking crazy. So you know, I have millions of dollars in cash, ready to be deployed. I am over here thinking of different strategies, which include long/short pairs. Essentially, there are some specific names that are way over valued and several NON-LEVERED ETF’s worth a looksy, like [[SEF]] and [[RWM]] . However, when scouring for short ideas, I am reminded of the the HORRIFIC— and seldom discussed losses— I incurred, back in the old dot com days.

Prior to the bubble bursting, I suspected some names, like Extreme Networks, Inc [[EXTR]], were fucking retarded and needed a good lashing. I remember shorting that bastard every day for a month. It went up in my face, nonetheless. It not only went up, it fucking “space rocketed” into outer space, leaving me dumbfounded amidst large capital losses. The good news: the short position was merely a starter position, less than 5% of assets. So, in the big scheme of things, it had little effect on my assets overall. However, the percentage loss was ABSURD. I don’t remember exactly how bad it was, since I hypnotized myself to forget such wretched experiences. But, if my notes are correct, the stock did something like $50 to $200 in a month. ROFL @ the idiot shorting that! I covered near the top of the range, just before the stock collapsed and settled into a permanent burlap lined coffin.

This market has a similar feel to early 2000, when everyone thought the market should go down, but it just kept charging higher—until it stopped. When it stopped, as you well know, no prisoners were taken. We all received the ominous “black flag.”

In summary, I’ve managed to avoid fucking myself by choosing [[TLT]] over going short. That’s a plus. Despite missing out on big gains, I have no regrets. We all have our investment style that is unique to how we think. Sometimes it takes time for a thesis to pan out, other times it happens immediately. As good as the market feels now, remember the pain you felt when your local bank was forced to suck the tit of President Bush, via bailout. By no means are we out of the water, just yet. As a matter of fact, we are building the world’s largest and most successful ponzi scheme, similar to tupperware sales ladies, only MUCH bigger and far more sinister. Also, please remember, you are trading a bullshit 5 figure account at Zeeco.

Trade accordingly.

UPDATE: I sold out of Visa Inc. [[V]] , north of $90.80