I bet you thought I forgot or willingly ignored THE FUCKING CATASTROPHE that is FFIV, who reported abysmal earnings after the bell. I was muttering to myself, earlier in the day, to sell this fucker because it was gonna hurt me. I kind of knew they sucked, but figured “let’s roll the dice and see what happens.” Have you ever done that before?
I bet you haven’t.
The company is stupid, plainly. I wish it was a deer, so I could run it over with my car, or shoot it in the head. Every other quarter it blows up like a sick, demented Jack in the Box strapped with a dynamite vest, then it surges, then blows up again. As a matter of fact, that sort of fucked up behavior embodies most stocks these days. Have you taken a gander at FIO after the bell?
Don’t think I forgot about OSG either. I lost 25% on that cocksucker and it dropped from $5 to $1 in like 2 days after I sold. I guess the powers that hold together the stock figured “now that Fly is out, let’s just file for bankruptcy–ABANDON SHIP.”
So I’m gonna wake up to a paper loss of 20% in FFIV in the morning, from cost. I can’t average down in that fucking stupidity. It needs to be sold. You can’t average down in a stock that misses earnings. It will take a quarter for it to rebound and catch its legs. I might not sell tomorrow or even the day after. But rest assured, I will blow that pig out.
Looking at my profit and loss, I am fucking lucky to be up more than 25% for the year. I’ve been blowing up in one stock after another, only buttressed by massive winners. I played ANR in September and October, both times from $6.5 to $8.75. I had scores in EXK, CLF and NAK. I am sitting on a gain in VHC; but most of my positions are in the red.
I am going to have to avoid all earnings plays, from here on. I cannot afford to lose 20% at a clip. It’s fucking lunacy. I still have upwards of 17% of cash on hand, fully prepared to dive back into the ol’ coal mine again, for a quick 40% gain–or two.
Oh, fuck this shit. I’m off to drink another cup of earl gray, while drawing out some blueprints for my pineapple coffin.