I couldn’t take the pressure any longer. I caved and sold off some of my positions to raise cash. I lightened up on VHC and liquidated CVO and TC. Simply put, I couldn’t allow myself to be exposed to the caprices of Bernanke, while +30% for the year.
Having said that, I am done selling and will hold the rest of positions into the very worst of markets, black places where demons scourge and plunder investors for sport.
“The Fly” is ready for such an occasion and welcomes a sell off with great zeal, only equal to the birth of my first child.