All of the hot “china plays” are cooling off today, starting with coal. I sold out of my ANR, after just one day, because the industry is still impaired. Having said that, employees of NFLX should all get handicap parking access–because that company is fucking retarded. Nevertheless, I am still holding.
I have a few fresh ideas, like TTI, IDTI and GNTX. But I think today is a “do-nothing” day, designed to make me wait for stocks to come down. We have months of upside in this market and lots of skeptics out there, even after QE1 and QE2 success. Let the bears have a day or two, shorting stocks like chocolate eating gluttons. We will slaughter them all and dance on their dead skeletons.
The market is correct and the assholes on the teevee are goat-fuckers.
I am down 1.5% as I type this, complacent (no VXX), at peace with myself knowing that “The Bearded Clam” has my back.