Why even bother shorting stocks? You have to be a half-retard to even think about shorting stocks, while the government is forcing them higher. As you can see, not all boats rise in tandem. This year is all about punching the nerds at AAPL in the god damned face because their leader died of cancer. All monies have been withdrawn from AAPL and placed into consumer staples, like KMB (long for 20+ points), K, GIS etc. If you eat it at home, the stock is up.
It’s amazing to see these stodgy stocks rip mustaches off, at a time when global demand is tepid. Perhaps the old aged homes have finally moved away from bonds and into dividend paying blue chips. Either way, that’s where the easy money is being made in 2013.
Just because I went to cash doesn’t mean that I am expecting the market to plummet. Quite the contrary, my brainless friend. I can’t catch the top. I’ve tried for nearly two decades and have always failed to time the top to its exact pinnacle. However, I am really good at knowing when the tide is about to shift, generally speaking.
We are in the 8th inning of this run. When it ends, we will have an orderly decline, which will cleanse the market of speculative excess, allowing the patient, smart, money to buy back in cheaper.
I realize many people believe the same thing and it’s sort of cliche to say “wait for a pullback.” But the seasons have changed and soon enough it will be time to go away for summer vacations. After such a gangbuster Q1, it’s only a matter of time until the collective decides to lock in gains and coast for the remainder of spring and summer.
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Indeud.
Hey Fly,
I am going to let the other players do their gay (no homo) thing until I see how we handle these levels.
More importantly, what are your thoughts on the new yahoo msg boards aka twitter? Pretty disgusted with the so called and self proclaimed super traders who pump stocks that trade 50k a day and then talk about “only 4 seas left to the next seminar” nonsense?.
im out and off to do my easter thing.
POMO is even floating that boat full of flotsam CCL
Fly- Do you have any “inside scoop” on PAMT? I recall watching the inventor on TED.com and was very fascinated by the technology, but didn’t know he had incorporated the company until you posted a buy of the stock in these here halls. Could you share your thoughts/views?
What would V.King do?
Sur Platonic CXII:III
The too obvious to be true double top in 2007 was easy to spot in hindsight. But yea I missed it.
Nobody mentioned the best part….
Punching the nerds in the face
True genius
FED is out of market until April 13 so will be a good test how the market holds. We’ll see next week.
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