I don’t get what the Fed is doing here, with these last minutes. Consensus is they will taper, finally, sometime in 2014. Well color me skeptical because I’ve heard this before. Nonetheless, I am getting jabbed to the face and ribs again. It’s like a never-ending sparring bout with Clubber Lang and I am Rocky–from the first fight.
Each and every day I lose money. The market is near new highs; but I’m not participating. Naturally, all of this could’ve been different had I not taken the loss on ALJ, at the exact lows. Refiners are marching higher, as predicted, without me.
The only thing I have going for me is time and a cushion. I am still up 37% for the year, which is pretty f’n good. But I am woefully underperforming over the past month and this tapering chatter isn’t going to help.
To be clear, I am down just 0.4% for the session, exacerbated by the fact that I am leveraged at 130%. But I was up 2.7% this morning and all of this movement is making me impatient, Ringo.
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I’ve forgotten what it’s like to sell a stock for a profit. Is it as wondrous as they say?
B.M.F.
Folks, it’s only a matter of time until the ‘Fly’ is back on his horse, out on the range, doin what he does best to all the Johnnie Ringo, ‘seeking Alpha’ types of Wall street and taking their coin:
From ‘Tombstone’ (1993)
Doc Holliday: “I’m your huckleberry… “
The Turkey Gods are gobbling up the cash of the longs.
Meanwhile, I am taking half the obscene gain from my recently entered Index short positions, and I am buying SILVER here via ACQ 3X long ETF. Hi-yo, Silver!
pumping my book……CTB
Let me know a day before this buyout becomes official and the stock jumps to $35; otherwise it looks like dead money until an appeal is heard?
well hell…i’ll be out at 35..its not dead money for me,just thought I would share
gator, I appreciate your sharing, all I am saying is, where’s the pop in this baby? CTB is appealing the judge’s ruling, for the stock to pull back after the June announcement like it has makes me wonder what is up…I’m in small so no big deal to me.
sounds like a gang
what is up with the haptic?? IMMR
Bear mode, wait for greener days and stay small.
BALT closed green chief. hell yeah.
Fly–I feel your pain. AUXL, GALE, SPWR and SWKS are the only stocks I own that are green today. Everything else is red, red, RED. So far, this week sucks.