What a mess, all this NYC snow. Today’s market looks weak. But I must admit being a bit distracted, thanks to my duties, all to do with shoveling 10,000 pounds of snow from the front of my house.
I sold out of VLNC this morning, for a 13% profit. I’ve been holding it for a few weeks and will gladly use the cash to finance future endeavors.
By the looks of it, I am receiving the tail end of the fucking MOTR boat, as the blades gently massage my face. However, I will have you know, my face is made from old oak, impenetrable to some bullshit MOTR boat blades. I will not add to the position, nor will I sell it. I will simply behave myself and wait for a better entry point. It may sound sacrilegious to some of you mosquito brains; but I have enough time left in my expectancy to let stocks breathe a little.
Having said that, I like banks and I can not lie. Go for the ones with p/b ratios under 1, with high ROE’s. 2011 will be the year of regional bank mergers and executions. Proceed with caution. But proceed nonetheless.
Finally, I am raising cash into year end. I do not like the idea of waiting until 2011 to book gains, just to avoid paying taxes. That sort of thinking causes world wars. Like I said a few weeks back, my target cash allocation is 50-60%. At the present, I am at 35%.
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Fly… any thoughts on ATPG? Up about 4% since you bought it.
I like it.
What about buying into SOL again, it hit $8.65 today!
A 4WD truck with a snowplow will solve a lot of your snowshoveling problems. You could even pile all your snow in front of Steve The Neighbor’s house, thus decreasing your workload and increasing your amusement.
You must mistake me for some sort of woodsy redneck.
No, your are a city gentleman. But even gentlemen need a “Plan B” in case they must face disasters Al Gore’s global warming. The truck also doubles as another toy.
corections [sic] :…”you’re…..”disasters like…”
Too much egg nog over the weekend.
Go have some fun…get an ATV…a snowblade attachment, all year vehicle. In the summer you can tear across the neighbors flower bed.
First time you slosh thru a muddy field you’ll be hooked…A Mudder is born
Once you move south, a pickup truck of some sort, with a gunrack and dog will be de rigueur.
PS I had to look up how to spell howdy:-)
Already at 66% cash. Sold AAPL, AMZN, MCD, GNK to name a few. Should have held HBAN. Could hit $7 today.
LOL – S&P is down 0.1% . We’ve become spoiled.
“This market acts terrible… it is down 0.1%”
true
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