There is nothing for you to see here, other than “The Fly” SHOMPing around, playing the market with laser to your eyeball type of precision. I am long a variety of stocks, all making up just 50% of my assets. Into this rally, I intend to swap out of one holdings, in favor of another. It keeps the blood flowing and the energy peaking.
Playing the OVERSOLD/OVERBOUGHT ranges is the most important aspect of trading right now. Reason being: for the most part, all stocks move in a convoy. One down days, 80-90% of stocks trade lower and vice versa. The key to success is to know when to buy and sell. That’s called SHOMPing, something a person of your ilk and cabin class status may not be familiar with.
I have my top hat on and white gloves fitted onto my work free hands, cordially banking coin without regards for recessions or Chinese ghost cities. None of that shit means anything to me.
Back to SHOMPing.
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It’s the giant macro conveyor belt, and it’s running hot today.
today is a head fake.
Woulds thou care to SHOMP sir?
did anybody hear the wynn rant, i think somebody put a bee in his nickers,,,lol
“I believe in Las Vegas. I think its best days are ahead of it. But I’m afraid to do anything in the current political environment in the United States. You watch television and see what’s going on on this debt ceiling issue. And what I consider to be a total lack of leadership from the President and nothing’s going to get fixed until the President himself steps up and wrangles both parties in Congress. But everybody is so political, so focused on holding their job for the next year that the discussion in Washington is nauseating.
And I’m saying it bluntly, that this administration is the greatest wet blanket to business, and progress and job creation in my lifetime. And I can prove it and I could spend the next 3 hours giving you examples of all of us in this market place that are frightened to death about all the new regulations, our healthcare costs escalate, regulations coming from left and right. A President that seems, that keeps using that word redistribution. Well, my customers and the companies that provide the vitality for the hospitality and restaurant industry, in the United States of America, they are frightened of this administration.And it makes you slow down and not invest your money. Everybody complains about how much money is on the side in America.
You bet and until we change the tempo and the conversation from Washington, it’s not going to change. And those of us who have business opportunities and the capital to do it are going to sit in fear of the President. And a lot of people don’t want to say that. They’ll say, God, don’t be attacking Obama. Well, this is Obama’s deal and it’s Obama that’s responsible for this fear in America.
The guy keeps making speeches about redistribution and maybe we ought to do something to businesses that don’t invest, their holding too much money. We haven’t heard that kind of talk except from pure socialists. Everybody’s afraid of the government and there’s no need soft peddling it, it’s the truth. It is the truth. And that’s true of Democratic businessman and Republican businessman, and I am a Democratic businessman and I support Harry Reid. I support Democrats and Republicans. And I’m telling you that the business community in this company is frightened to death of the weird political philosophy of the President of the United States. And until he’s gone, everybody’s going to be sitting on their thumbs.”
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GSVC is a freak. Today I went from up 20% to up 9% yowzah!