You’ve been dispatched from the field and now you’re on the run. Your army of interns have tucked tail and fled for the safety of churches. However, just know, Le Fly doesn’t believe in the sanctimony of buildings and will burn your skeletons into dust inside of them.
I ended up selling 50% of my YELP position, greatly reducing my position to avoid making the same mistake twice. Also, I sold out of ALK for a small profit, being that jet fuel cracks are on the rise again. I started a large position in JCP, investing alongside some pretty large funds, like Pershing Square. The stock has been cut in half and my algos say it’s time to go up, based upon a 91% accuracy track record.
At the end of the day, I am +25% for the year, with 25% of my assets in cash. You can’t fuck with me: I will burn your dwelling down to the basement.
I was tempted to buy VMI and LNN, but prefer to own both lower. Also, I was “this close” to buying DECK and GMCR, but remembered that both companies sucked. I am not disillusioned to the facts on the ground, all which appear to be grotesque in nature. Italian and Spanish markets were flummoxed today, as yields spiked and the euro trashed. Yet, American markets stepped up with swagger, eliminating any doubts that we hold the crown, with Federal Reserve sword and shield in hand.
We are due for a little pull-back; but I am so far ahead, I am opting to push the envelop, as much as can be with a 25% cash position. The giant trade has been accomplished and everything from hereon-forth is 100% greed. I will have you know, “The Fly’s” greed is unparalleled in all realms, only comparable to his unstinting generosity.