For the sake of my sanity, I will keep this brief.
Everyone believed when David Einhorn said we were in a bubble. They followed him into his bubble basket and then went to the SALT conference, to cavort with one another, drinking champagne and eating coconut shrimps. They made great speeches about “the end is near” and how the current stock market was to be “unsustainable” and we should “sell now” or forever hold our penises. The truth of the matter is, the retarded folks at SALT are now the sheep. They eat the grass fertilize our crops.
Since everyone is a hedge fund manager these days, no one is a hedge fund manager. I mean that in the colloquial sense that hedge fund managers are synonymous with smart money. Right now, they’re the dumbest money around.
Everything’s up again. The broken elevator action has been stopped and we are back in the black. As such and accordingly, I applied risk to my portfolios today by selling PG, FANG and buying loads of XON, IFON (very little) and CNQR.
I also sold out of my program purchase of QQQ, that was flagged by The PPT‘s oversold signals, for a 3 point profit.
I believe we have a window of opportunity here and I am trying to maximize my potential, without taking on too much risk. It’s a delicate surgery to perform. Then again, I am a Doctor in blogging, god damn it.
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Lady has a case of the “man hands”.
She sure does! Imagine being Grandpa, and getting a tug from that… No thank you.
Blog on Doctor. Be careful of the knife.
Pretty hilarious that hedge funds have been the worst performers the last year or so, lol.
yeah, very funny.
i put half of my money in a hedge fund late last year. Yearly performances of 94% and 90% in 2012/2013…but this year down 10%….after my money is in.
Very leery of IFON. To me it’s a badly broken down stock technically.
It’s a broken stock, until it isn’t–just like the QQQs last week.
I was waiting for a top signal to sell my YeLP alas this is it.
Just kidding, sort of. I think people are prone to optimism at the wrong times ie after a 7% run in small caps.
YELP is the next $40 billion Internet company so no real sell signal for it for a while
Hat tip to the boss on that gold call and blog post… bravo!
If the hedge funds managers are selling wrong, who is buying correct? Other hedge fund managers?
don’t people like einhorn just lie to get people leaning the wrong way, then take advantage of it? Einhorn is an accomplished poker player. Lying is a big part of that game.
Fly,
I certainly would enjoy the shorts blazing atop rising green candle sticks. Do you forsee energy/ natty as being a sector from which the shorts could be routed? I have seen several of my holdings in Cdn energy stocks, show a considerable increase in short interest. 2014 has been great for longs in this sector. These short sellers will be taken out back and executed no?
I jumped into TEWTR
CRAP!!! Make that TWTR
i pooped my pants
It would only be fitting to have a blow off top to suck in the last sucker. 2007 was not a blow off top. Be Careful.
Waiting for the end of this. Have become convinced, however, (last 12 months) someone is not just guiding, but fully controlling
They want a dip to end they will get it. One to start they start it. Some numerology aspects seem as well.
1. Not just grasping for coping explanations as a bear 2. Believe their purpose may actually be collpase. On their timing (any thoughts welcome)