The NIKKEI is ripping tits to the upside, more than 3.5% to the good. It’s going higher because the Bank of Japan has committed to a staggering $1.4 trillion asset purchasing program.
The whole world is a bitcoin. Get some.
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A few weeks ago a client of mine gave me an order to purchase 20,000 USG @29. It was right after I sold it for $30 and he was adamant that the price was going higher. After all, housing is back and sheetrock is necessary to build new homes.
I told him to “be patient like an elephant and to bide (mind you) his time.”
The stock dipped to $28.50 then went back to $29.5 (approximate values). He called me up to chastise why he didn’t get filled. He declared “you elephants don’t listen to instructions, yadda, yadda, yadda.”
In so many words, I asked him to “STFU (pause) and mind your own business.”
“Go play with your semiconductors and talk to someone who actually cares about your opinion in financial matters.”
I make it a point to avoid all tips and advice from clients. The last time I listened to a client I sold out of 500,000 SWHC at $7.75. The lows.
Since our exchange, USG has cratered amidst rumors of pricing problems and a slowdown in construction jobs. It’s all hyperbole. But my patience has saved this piker 70 grand.
Did he call me up to thank me?
Of course not. Ingrates are never wrong.
He merely commented that “sometimes it pays to be an elephant.”
I’ll be sure to charge him elephantine fees when it comes time to buy USG.
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Señor Dumbo wins again!
I thank you for the services provided via PPT membership. I have met a many of lifelong friends along the way and wish you the best in future endeavors.
-HBPope
What are you dying?
only on the inside.
I saved my friend a lot of money too, he switched to Geico.
I just switched to Geico too and saved close to 50% so I guess that claim of 15% is a big lie.
The whole world is missing out on fucked up jap porn too.
Fly are you a fan of DXJ / EWJ?
Wetf owns dxj
Man that was a great call on Japan last November.
In light of Japan’s Gorilla Stimulus Plan, money flows into Bernanke Bucks.Dollar headed higher, commodities–namely, gold/silver–get waxed. Am I missing something here?
Damnit. Should read: GODZILLA Stimulus Plan.
Looks to me that the USD is headed back down.
Legit question: how did your bankroll get so freaking big?
What does “holding ones breath” have to do with this post? Obviously this is a stupid question ,but a real one.
It is a real question and I applaud you for it.
Request denied, however.
So be it. Just need a certain ancient humanoid to talk his book then USG will be all the rage again.
Fuck me! I was contemplating buying DXJ near yesterday’s close. I wasn’t about to add today after it ripped up over 7.5%. I guess it could be up at least that again tomorrow!
How far can the Nikkei go up to?
Great story. A small snippet demonstrating how you despise working with OPM based on “thankless” position.
I have a warehouse wall that needs all new sheetrock. The pig that moved out punched all kinds of holes in there. Buy USG before I put in the order.
Awesome! I have averaged down on the stock so hopefully in the current QTR it rips up
Oh boy, took a quick look at FFIV today – I’m long a VERY SMALL amount – doesn’t ouch as much.
went on vacation..no stops in place (retard)…come back…IM FUCKED!!!!
Right now, it might need to be about 143 seconds….
Why is your massive FRO position sucking donkey dick?