If you find yourself worried about the earnings of a company that you own stock in, sell it. Do not rely upon the opinions of others. Make your own choices. That way you will never be disappointed, only right or wrong.

Every time the markets drop, a few of my investors get worried. They’re always rooting for the downside surprise, avid fans of “The Great Depression” to come. It’s almost as if they’re upset with their success and clamor failure. I tell these people to “shut the fuck up and let me worry about the money.”

I stopped accepting new business years ago, not because money or expanding my business is unimportant. Back in the old days, I’d accept new business from anyone, even my barber. But after years and years of doing this, on a very high professional level, I’ve come to realize money isn’t everything. Fuck the guy with $200k who wants to turn it into $10 million. I spit on your $200k.

This is not a market for the weak or the nervous or the people who can’t afford to lose. Everything is manipulated, from the top down. Therefore, it goes without saying, the stock market is a total sham. But we will play the sham, as best we can, for as long as we can. I find it much easier to focus on existing accounts, fixed on their money, than inviting new people, with their stupid personalities, into the fold.

Both DECK and FFIV are trading down ahead of their earnings. If that makes you nervous, sell. I might do the same.

At the present, I find myself to be blessed, yet again, with 20% of my assets long VHC. You can try to bet against me if you like. Hell, you can go out and buy some puts or even borrow some shares; but you’re not gonna win. Not a chance.

Will I stick around for the conclusion of their trial?

Maybe, maybe not. It depends on my situation and if I can afford to take risk.

Sometimes I make the mistake of offering ‘predictions’ on the internet–because that’s what you, the intelligent reader, wants to know. The truth is, predictions are for asshats. Life is fluid and so is the stock market.

http://www.youtube.com/watch?v=bJdXIg_LVmE