I’ve been over-trading and my brain is fried. I didn’t take a vacation all summer long, thanks to buying a new home. The kids are getting prepped for school and renovations at Le Casa del Fly haven’t even begun yet. The last thing I want to do is worry about stocks, so I won’t.
I see the market has reversed and looks to be heading lower. Big deal. I’ve made my bed and now it’s time for me to lay in it, at least for awhile. Some of my positions are good, some suck. That’s what a portfolio looks like. If you want all of your stocks to look great, at the same time, I wish you good luck in maintaining sanity.
Look you, I give lots of free advice here. I leave it all on the table for you to see, the good and the bad. I am going to shut this computer down, at least for a few hours, and read a book. I can use my intuitive skills to find new break-outs, swing trades for you suckers out there. However, I am bored and tired of talking about equities.
I’ll leave you with one pick: MCK. It is my largest holding and it’s going higher.
20 Responses to Committed: Off to Read a Book
which book are you reading right now? have you started the a song of ice and fire series yet?
that series is awesome. I can’t put them down. At the beginning of book 5 right now.
holy shit, fidel cash grow is easily a top 5 name that i’ve seen on this board
Keith’s portfolio is 7 LONG 9 SHORT or is it the other way around? Either way it’s always pristine, just like his hair.
Yes, he works very hard to provide his clients solid returns in the neighborhood of 0.00050%… that’s risk mgmt bitchez!
been tracking your b/o screen and with nice results. Little health care stock was up nicely yesterday and today.
PFMT is BTFO
up 7% and…
Something about myself? I’m a professional skeptic. I believe in what the market is telling me (read camdlestick price charts and selected technical idicators), not the opinions of analysts, most of whom are market wannabees, but work for a salary because they don’t have the guts to trade their own money.
As usual, the analysts make the change in price target and rating after the major part of the price move has taken place. Great 20/20 hindsight dressed up as analytical prose. Credit Suisse’s downgrade is a signal to look for CLF to form a bottom soon and then start moving up.
After the move up is well under way, chances are the analysts will discover that iron ore prices have firmed, that the world economies are still using large amounts of iron ore to make steel to build and repair infrastructure, and will raise their target and rating for CLF.
I have no axe to grind against Credit Suisse. Their analysts are probably more sophisticated than most. They just happened to be the firm issuing this latest hidsight opinion on CLF. It’s all part of the game.
YELP- again. And F.
Regarding books, do you have any book recommendations following Bleak House, Gatsby, Rum Diary?
I know you didn’t ask me, but have you read the Flashman series by Fraser? Wild and woolly in keeping with the Fly aesthetic and sneaks in a surprising amount of British colonial history, too. Fun reading.
Larry McMurtry is good for light reading. ‘The Last Picture Show’ ‘Lonesome Dove’. Some were made into movies or tv mini series usually the entire book is in them. The guy basically writes screenplays the novels are so good.
I only read classics.
Go read War and Peace. Thank me later.
Seems like on this blog many people love any opportunity to slam someone, deserved or not. Here is a comment from a normally ultra discreet board: “Motley Fool and Seeking Alpha are the garbage pits of self promoting amateurs … 99% of what is posted is totally unsubstantiated by documented and/or verifiable references.”
Are you slamming someone there?
Yeah, that’s what we want to know!
Stocks will either rise or fall based on their decision!
Resource stocks could be big winners tomorrow if the market likes the ECB decision.
CLF and TCK look to be bottoming out.