This mornings sales of AAPL, NUAN and AVGO, put my cash levels over 50%. With 5% of my assets short via HDGE and YELP cutting dicks off, I’m punching your faces in with my goblet. Everything is bleak again, spearheaded by the soccer idiots in Europe. However, please know this: the sell off will be temporary because it’s too extreme. Large sell offs will always be met with rumors of help or policy that will fuck short sellers. The way this movie ends is predictable: spear through the face of the guy who went all in short.
The algorithms inside The PPT are quite busy this morning. I have a great interest in playing OVERSOLD bounces; but they’re always so damn scary.
TLT is melting higher and everything but YELP and VHC is lower. My advice is to grab a bag of popcorn and chill the fuck out. This is about to get real interesting, real soon.
For now, I am sidelined.