With today’s gains, I am now up more than 30%, enough to take risk and not worry about falling back in line with my competition. My gains are being spearheaded by VHC, TC, ESRX and of course PPC, as I am The Chicken Man.
I am tempted to sell off 20% of my assets here for cash. That would put me at about 33% cash going into the Fed. I feel that is a prudent level. However, my greed is preventing me from doing so. I need to adhere to the basic principles of proper money management and forgo my barbaric desires of gluttonous, outsized, stock returns.
This business can be very easy and smooth sailing, providing you know when to press your luck. The market has a familiar feel of euphoric perversion, ahead of the Fed.
Without a doubt, the risk is to the downside here, as expectations are through the roof.
UPDATE: I sold out of CVO and some VHC. My cash position is now 25%.
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Risk management…
Risk Management=Keith McCullough
Gluttonous gorging=Rick Ross
Sweet spot middle=pricele$$
Think about how you’d feel staying very long and getting your dick chopped off versus the feeling of missing out on some gains if the market shoots higher.
If the news is good, there’ll be plenty of opportunity to extend your gains well beyond 30% but if you are too heavily long and the market moves against you quickly, wouldn’t you feel much worse?
Puts?
JACK has just been a beast
Icarus crashed only because his whore stole his parachute. Tomorrow, the price of parachutes jumps 300 percent. By this time Friday, people never before thought capable of violence will be clawing each other’s eyes out for them. Long VXX
nice one …
For the connoisseurs:
Pavarotti and Brown
https://www.youtube.com/watch?v=-rCd5uGaM8s
Poor Pavarotti, he left us too soon. Thanks for the music Fly.
sold bas. even
its gittin scary, the muslims are getting restless.
Not just the towel-heads… the Euros, the Jews and the American idiots too.
http://video.cnbc.com/gallery/?video=3000115405&play=1#
Oops. Did I leave out the Chinks?
e.g.: “WASHINGTON — The deadly attack on Americans in Libya fueled a harsh escalation of the presidential campaign in the United States on Wednesday as Mitt Romney assailed President Obama’s handling of the situation, while Democrats accused Mr. Romney, the Republican nominee, of politicizing an international crisis.”
http://www.nytimes.com/2012/09/13/us/politics/attacks-fuel-escalation-in-presidential-race.html?pagewanted=all
Should read “Democrats and their rat bastid press allies accused Mr. Romney, etc…”
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