Now this is a rally. This rally is 100% sponsored by gorillas chewing on cocaine leaves, running around in the jungle with cock in hand.
You cannot be serious about money if you are selling short here. I mean, come on already with the fucking news releases. You’re never, ever going to bank coin if all you do is obsess over worst case scenarios. You are pitting yourself against the elite ruling class, who are happy and content with the status quo. You Sir are a fucking idiot for thinking “black swan” events are predictable and happen with great regularity.
I’m liking silver today, since its been lagging the market. And, as always, I like to take a barbell approach to buying stocks that are heavily shorted. For example: I want to be long stocks that have more than 15% of their float sold short and have strong technicals. On the other hand, I want to own heavily shorted stocks that haven’t moved yet and have weak technicals.
Based off a recent screen I made in The PPT, here are some ideas:
Those are just some random ideas. Normally I vet out my ideas by checking the fundies, listening to conference calls, reading 2 years worth of news archives etc. But you get my drift.
At the moment, I am fully invested; therefore, I do not have cash available for investment. However, if I find something I really like, I might dip into my 20% cash reserves and/or swap one stock for another.
Bottom line: this is a strong tape and there is plenty of upside momentum. Don’t get sucked into the vortex of negativity without a real catalyst in the short term.