EMERGENCY BUYING SITUATION

I am a bit panicked by today’s gap up in futures, frankly. I see everyone else on ferris wheels and roller coasters, having the time of their lives, eating cotton candy and popcorn, and all I can think of is ” boy, do I wish I can throw those people into the gears of that ride.”

 

My situation is as follows:

I am long VXX tits and a TZA steed, alongside egregious amounts of TIF, CPST and ALJ. Actually, let me retract that whole, fucking, sentence. My cash position is north of 60%. Therefore, I am sitting on the sidelines, a mere spectator in the game of money changing.

However, I had grandiose designs of buying dips and taking advantage of the margin liquidations of others, like a vulture gnawing away at a corpse.

This is what I have to choose from, as far as dips are concerned.

(2 week return)

MTW -12.8%

ALJ -11.5%

EXK -9.5%

LUFK -8.4%

CREE -7.2%

JOY -13.8%

BTU -13%

TCK -11.6%

FCX -11.6%

JNPR -10%

POT -9%

CLF -8.5%

FSLR -37%

DECK -24%

TC -23%

ADTN -20%

IAG -11%

AG -10%

 

My choices is pretty straight forward: buy into the Chinese sensitive stocks, despite signs of a slowdown, or wait for the market to come to its senses.

Ha!

My point: there are dips to buy and perhaps this is a good opportunity to step in on some of the above names, for a trade.

All that aside, TIF is still my top pick.

 

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