SWHC climbing to $9 today was good reason for me to punch holes through the sheet rock and throw dog urine on unsuspecting beggards. But the sale was forced, mainly, and there was nothing more for me to do about it. Lamenting over the past doesn’t help one forge a brighter future.
For example: I didn’t know that SeekingAlpha was going to release a criminally intent faux press release today, causing VHC to knife lower. Perhaps some of you did and I wish you all the best. It’s natural to fear for one’s position when it is knifing lower. Let me make this perfectly clear to all of you reading this here memo.
If a person has a sizable position in a stock, based upon his/her percentage of liquid assets, HE SHOULD BE WORRIED when his position is going lower. When the stock is riding high, HE SHOULD FEEL GOOD and seek to involuntarily punch strangers in the nose for living. That’s normal human behavior.
Now acting upon these emotions and merely displaying them are too separate things. My clients who forced me to sell SWHC near the lows acted upon their emotions and made a wrong decision. Am I going to rub it in their faces because they left six figures on the table?
Absolutely not.
They’ve earned the right to make mistakes because they’ve earned their investment capital. I may manage it for them–but the money is theirs.
Just yesterday, everyone piled into AAPL puts because the momentum looked dreadful. Yet today, it’s grandeur is almost too much to bear.
There will come a day when everything I am doing will make sense. Maybe I will make a killing in VHC, or perhaps I will sell it for a small gain. But there is a plan and I’m always looking for the next big play. I can’t control what SeekingAlpha, Herb Greenberg and others say about VHC; but I can control how I comport myself here, in these hallowed halls that you’ve grown to admire and respect. I do not trade in and out of VHC because it’s not that type of stock for me. Three days ago I was up 18% and it never occurred to me to sell even a single share.
The upside is too great to miss and I don’t want to pretend that it doesn’t matter.
http://www.youtube.com/watch?v=6611tMlpQoI
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The Fly is God.
I can’t imagine the frustration of being pulled out of a winner. OTOH, I can somewhat identify with clients. I had a limit order on SWHC that triggered on the day of the shooting. Gains come with very mixed feelings.
I don’t see the SA article today regarding VHC. Was it pulled? Has anyone got a link?
It was issued as a “news release”
http://seekingalpha.com/currents/post/765551?source=kizur
The best is how they link “rejected all of the claims” to a twitter message. That’s classic!
Could that also be “sheeted rock”
Tank Fly
Thanks Fly ( Fuken ipad keyboard)
VHC – It sounds like you are planning to hold this for a while. Let’s say, AAPL gets nailed in courts, fines, injuctions, etc. and they DON’T settle (which is GOOD for VHC) and there is another trial (potentiall) in another month and a 1/2 w/ CSCO…do Le Fly literally hold the position for that long given the potential reward….? This is unusual to hold a position as you RARELY, if EVER have held on for so long. I didn’t buy / hold solely because of you…I would like to know your time frame on your holding on this….if you may….
I’ve held stocks for long periods of time before, namely FTK, MVIS, HANS, or loser CPST.
Let’s see what the stock does and then I will tell you.
What do you think of the calls on VHC boys?
makes sense to me. eliminates getting crushed if things go badly..
Say what you will, but your clients fucked you. You had the answer, and they blew it.
They didn’t at all. They did it to themselves.
Makes no difference to me.
Fly. I really admire you. What I like about you is that you wouldn’t become cocky when you bank coin and you express your emotions so elegantly. Well done sir
amost pulled the trigger on boe today… missed the bullet.
Is it just me or is PPT not allowing new screens to be created?
This is at 8:20 PM
You can take this to the bank, DECK will break $50 after earnings in February, it will just be a wild ride between now and then.
does anybody have a photo of Te’o hot girlfriend, dead or alive? (preferably oben ohne)
I can’t stop focusing on the bid that treasuries are seeing the last few days.
What are credit traders seeing that the stock guys are missing? Risk on looks a little tired IMO.
Stick with the gun trade. There are more pissed of American citizens than the goobermint realizes. The waiting times for background checks are horrendous due to the volume of calls.
This demand will not end soon.
Hope you bought some for your personal account.