The jobs numbers sucked– but that’s good news. Bad data means QE3. The genius of Benjamin Bernanke cannot be described with words. He’s fixed the market to believe in his magical powers. He doesn’t even need to implement QE3. The mere whisper of it and markets will blast off.
Nevertheless, I am a net seller into this tape. Keep in mind, I fancied myself a net seller last week, before this melt up. Luckily, by the grace of the gods, I changed my path and went “all in.” But now, after gaining another 3-4% on my assets, I’d have to be mad not to take profits.
One stock that will remain steadfast is PPC. Because I am “The Chicken Man”; therefore, I will hold PPC until it fries higher.
It’s a slow Friday afternoon and markets are locked flat. There isn’t much to talk about, other than macro-shit and politics. I will indulge you in neither and order you to shut the fuck up and take profits instead.
UPDATE: I sold LOGM, 100,000 NAK and added to PPC.
13 Responses to Book It
Aye aye captain. Book profits and fuck off for the weekend.
How does one curry favor with the stock gods?
Through the sacrifice of goats and plebs, in that order.
So you’re the man that The Boss was singing about in Atlantic City. PPC looking good Fly nice trade.
They are saving up the jobs numbers to report in Oct and closer to the election.
is that a discretionary call, or a SHOMP PPT call?
Devil still short in this tape?
Everything I do is SHOMP, derived from PPT.
so an OB was trigerred
Fly had previously said the Devil was short SPY a while back. But apparently this Devil was also long some things. He could be net long, for all we know.
I took a chance and added to materials recently and today it is paying off big time!
Up 2.95% today!
That song is hysterical.
I agree. Where’d they get that recipe?!