Greatness is Out of Reach For Me (for the moment)

We had the washout of the high tech/cool stock sector, topped off with a David Einhorn/Rickard Santelli endorsement of a repeat of the dot com crash of 2000 in the cards. I held onto my high beta positions for as long as any man of human flesh could. Very simply, I was washed out with a filthy tide of degeneracy, swept away and cast aside with the third estate. As I stand here looking at the market, it has the look of legend, the sort of gift horse that presents itself once in a blue moon. My sole problem is the inability to absorb loss; therefore, the inability to take on risk.

If I never lost money, had I been smart instead of dumb, I’d be buying the shit out of YELP, CNQR, ANGI, NOW and CRCM right now, just to name a few.

All of these stocks could collapse tomorrow and you could get smashed to pieces by a real truck tonight, buried within 5 days time. But that’s what life is, isn’t it? The ability to feel fear, take a stand, and go for it. I’ve done it a million times and have come out on the other end successful, more times than not. But I cannot do it now. All I could muster was a few measly thousand shares of CNQR.

I love JAZZ, GILD, even IFON down here. But before I can swing for the fences, for the love of dead dogs and barren corn fields, I need a few singles first.