I am like a vampire perched on top of a building, like a gargoyle, waiting for blood to flow through the streets. It’s not an easy thing to do, waiting for the market to crater. In other words, I am a vampire gargoyle.
I’ve predicted numerous pullbacks over the past 5 years, here on iBC. My best was the “correction” of biblical proportions in 2008-2009, and then my keenly timed oversized VXX position one week prior to the flash crash.
Last year I missed the correction by a week and paid dearly for it. This year I expect to be fooled, but ultimately correct.
This is hardly a pullback. Everyone is confident that Bernanke will bid up their shares again. However, they are forgetting earnings seasons and its onerous affects on stocks. Tax season is here and the federal government is as dumb as a box of pavers. Don’t expect anything extraordinary in the month of May through September. I know this will be a hard tape, one that requires stock picking abilities. You’re not going to be able to just mail it in anymore.
My largest positions are short AG, long HDGE. FRO, GNK, short JCP, short CCL, short PBR make up less than 20% of assets. The bulk of my interests lie in cash, about 60% of it. Try not to get twisted in knots, attempting to throw meatloaf at my person.
There is nothing you can say to me now, not ever, so don’t even try it.
For the day, I am up 0.1%.
Now to the subject at hand. I have my computers working overtime, without pay. They are placing stocks inside of my wishlist, as they decline and hit my targets. The end goal for me is to be long these names, just in time for a market turn.
I like PPC for end of summer lows (looking back a few years), Peoples still have to eat
Then again, I get My picks from PMS
(Poor Management Strategies)
If corn continues lower, PPC will rip.
how is that list sorted?
If you can’t figure that out, join the Navy.
LOL
😉 )..perfect humor
He uses the Doppler Effect Sorting Method between WFM and NSM.
I stayed long KKR and ELLI and they are both green today but was too chicken to add on the dips today and yesterday. I added to my small FFIV position at 72.18 – Chai numbers that Mr. Partridge uses – I put the bid in BMO when the stock was trading in the high 74s pre-market. Market makers are so devious. I’m still in small. RIG is showing a bit of strength today and I am looking for more weakness in GE before I add. NVAX and SVA are up decent on avian flu news…back to cleaning windows and vacuuming sheetrock dust off the floors as someone wants to look at the house tomorrow.
Mr. Gold socks…(partner)…?
You got it, whatcha been up to?
Nice list I’m long aig Cisco n gs leaps. Waiting for a bigger correction than gonna hammer down
Jakegint, just blocked your leg sweep and stuck his knee into your nuts.
lol
I see WNR on that list.