40% Cash
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.
23 Responses to 40% Cash
Wise move sir. You’ll be buying the carnage soon enough.
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When was the last time you saw such bullishness? Market is up over 200 points this year. Meanwhile, sloppy popsicle lickers everywhere are claiming 130% surety of QE3. Have to ask yourself a question. Do you want to be the mop that sops up all the soon to be blood in the streets? or do you want to be the war hammer that spills it? Long TZA
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Storytime, part II: So, I returned the Watch because it lost about half its value when it stopped tick-tocking at the 8. I returned it and another vendor found me a comparable watch, shinier, not so antique looking, but it keeps time properly, so, to me, it had more value. I get it home, I’m admiring the handsome face, and then I noticed: IT”S MISSING THE FUCKING 6! I was so pissed.
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Like my grandfather used to say to me, “who needs a 6 when you got an 8?”
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TC trade was beautifully executed. I was asleep at the wheel on that one.
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I know my opinions are useless lord Fly, but for what it’s worth, I think you made the right choice. Things are, in my opinion, way overdone.
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The only question for me is when to buy more corporate paper, now or later….
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Thanks
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I hope tomorrow they can raise Bernanke up from beneath the stage, spinning slowly towards his podium, with a single spotlight beaming down upon the beard. He may then spew forth the same dribble as QE is indeed 0.5 inches larger as expected. (all while the people rejoiced)
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“Drivel.”
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In the event of a sell off are you going to use PPT score for entry?
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Dark places hiding strange little bio techs staffed by mad scientists harboring a cowardly new world – CUR no dog
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Smart move Fly
I sold a few stocks as well but I held onto my recent short position.
I called Ben and told him to be real gentle when he bends me over tomorrow after he announces an additional $1trillion in helicopter money.
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I actually give Fly 18 hours before he starts buying and selling more stuff.
Any takers on the time?
We should run a contest.
Impossible.
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Here’s what you’re missing over in the V.Kingdom…
vking says:
September 12, 2012 at 8:02 pm
(Edit)
90.97% Mutha fucka
Like or Dislike: 0 0
PWAV baby!!!
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The PPT owes me a 4% market drop from here. Or my name isn’t Robert Hooke.
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Or “Hoek,” as it were.
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CVI – On August 27, 2012, CVI closed at 28.96. Today it closed at 34.65, an increase of 19.6% in 12 sessions. What I thought was interesting is that it hasn’t closed lower in any of those sessions.
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MCP has been widely volatile in the last three sessions.
Sept.10 open 12.08, hi 12.78, close 11.93 range 5.7%
Sept.11 open 12.02, hi 12.35, close 12.08 range 2.7%
Sept.12 open 12.34, hi 12.67, close 12.08 range 2.6%
May have potential for a quick trade.
Sounds like it’s beating out a tattoo.
War drums.
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And what about the births of Numero Dos and Tres?
The thrill is gone, etc?
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Drudge may be in the bag for Romney, but have you looked at the rest of the MSM?
All are typical New York dumb fuck liberals just like yourself.
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