I sold out of FWM, USG, EMKR and WIT, raising a significant amount of cash because I’m just not feeling this tape right now. There are demons who are plaguing me, tempting me with visions of grandeur and superfluities.
It’s my job to fight these demons to do what George Costanza would do. If he was in my place, he’d do the opposite.
After my sales, I am now 70% long, looking for opportunities, but on alert for a sharp pullback.