I sold out of FFIV to raise money, locking in a 7% loss. To be honest, it felt good booking a loss. Between that and CVV, I’ve cleared my decks of the waste, in order to make room for the bounty. In a market like this, we don’t have time for stragglers. Throw them into the wind, off the helicopter, and into the zombie horde. There is work to be done, but not on a Friday afternoon ahead of the government shutting down.
Over the past few days, I’ve reduced my market exposure and now find myself at a mere 100% long position, as opposed to something much higher. I employ the tools of leverage because I am an artist, a person with an eye for knowing what is good.
Speaking of which, the Dry Bulkers are selling off a bit here, save EGLE. No worries. Rome wasn’t built overnight, nor a decent shareholder base. When the solars began to run, they were stricken with volatility designed to kill old people. Now look at them. They are institutional favorites and we all want a piece of the action, now don’t we?
I view the shippers in a similar vein. Rates have skyrocketed, but no one believes they’re sustainable. Just today, my good friends over at Zerohedge took a swipe at them. I applaud them for it and look forward to taking the money of their readers for my own personal harem, once they cover their shorts.
I’m off by 1%, watching movies at home, laughing at the stupid people on the teevee.
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I found your ‘Back of the envelope’ math compelling and did some research myself…you are onto something here with the shippers. Following you in, awaiting the rest of the market to realize a bit too late that they missed this move.
DRYS has the biggest exposure to the Capes, also interesting.
BALT has the best balance sheet, aside from DSX.
Join me in DRYS. Awesome dip-buying pullback today at support.
what movie(s) are you watching? I just turned on NFLX
despicable me, ice age ect are all fly favs
World War Z, meh.
I saw Hitchcock too. That was good.
You should stop watching stupid people in movies on the teevee and switch to the good shows like Leave It to Beaver or The Three Stooges.
Almost too easy the last few weeks.
Hey TC, how’s the sack hanging? (no homo, just concerned over 47.5 guy)
Thanks for asking.
I am now good until mid afternoon and that is when gravity takes over (that’s when the jock strap goes on with the briefs and then the boxer briefs)
The Doc said 6-8 months but I suspect it will be much sooner.
20% cash now. Ready for battle with my bitch Angi at my side.