The sooner some of you bastards stop fighting me, the faster you will begin learning what you need to be taught.
-Professor BEAS, 1896
The market is up and running, but there is weakness in a number of my stocks, namely YELP and JCP. Yesterday,The PPT flagged OVERSOLD for SPY and TNA, with near flawless results, giving me the confidence to hold– into what seemed to be a helpless tape. Nevertheless, I am down this morning because we are in a stock pickers markets, and at this time, my stocks happen to suck balls.
The solution is to catapult the losers out of my city walls. Gone.
This is not a time to be stubborn, waiting for stocks to pan out. The heavy lifting was already done; I’ll be damned if I let some asshole stocks derail me from greatness.
For the remainder of the summer, expect Senor Tropicana to position into what’s working, short squeezes and hot sectors, less idealism and thesis trades.