***BREAKING: “The Fly” is at ALL TIME HIGHS***

Ignore my HSOL purchase. It was just a buy of 10,000 shares aka nothing at all. I am net long, with just 25% in cash. My largest position, by far, is WNR. Aside from OPEN, my other longs are performing admirably, especially GSVC. In my opinion, GSVC is worth much more, just based on their management team. It is a long term investment for me.

Nevertheless, I have hedges, with about 8% of assets in VXX. I have another 4% of assets short EXH and some TZA in my personal. Granted, none of these positions are profitable. But that’s the whole point of being hedged. You give up gains in exchange for stability. Should the market top, my fall will be less. At the same token, over the past few days, my upside has been muted. But then again, who gives a fuck, since I’m up 16.25% year to date, aka ALL TIME MOTHERFUCKING HIGHS.

I am in my comfort zone here. I am looking for a reason to sell. However, if the market keeps chugging higher, I have no reason to sell anything. With the dollar weak and treasuries getting debased, equities are in play. Long term, this run is unsustainable. However, I did tell you to be on guard for an 8% October rally, didn’t I? This has happened before, to a lesser degree; but it has happened.

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