I sold JUNO into the bell. It was a 5% weighted position. I left the proceeds in cash, considering my two day underperformance. I ended the day down 0.5%, almost negating yesterday’s gains. I am not complaining, as I am up 25% for the year.
I am on guard, however, for a sentiment shift and will not permit any top holding to fall below the -10% threshold. I have zero regard for paper losses and will realize them immediately. Trust in this, your biggest enemy when trying to make money in the market will be your own hubris. Stocks are stocks, stupid letters and numbers on a screen. Unless you have an edge, pare losses quickly and move on, like a swarm of locusts (my favorite insect).
Heading into the warmer climes, seeing my software (Exodus) off to a great start and my year to date gains resplendent above all others, I will be celebrating this weekend over a pipe and some very good wine. I’ve been partaking in a lot of bad wine consumption as of late, mainly for the laughs. I do enjoy a horrible wine and marvel at its inadequacies, especially “disgraceful tannins.” If you didn’t know, I review most of my wine consumption on some little app called “Delectable”.
At any rate, thanks for reading this week. Be sure to tune in tomorrow– as I wrap up Woody Allen. I will try to mention all of my favorite Woody films. There are so many that I enjoyed, it will be hard to fit them all in.
(tips hat)
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A friend of mine is a developer at Delectable. He goes home with free wine every week, some great stuff. Quite the perk.
Tell your stupid developer friend to push followers to me on that app. I am by far the best thing they have going on there.
Done!
I will spend the weekend rethinking my bias against locusts…
Ha that Exodus spot.
did you say top
“thanks for reading this week” WTF!!!?
Good God man you’re going soft!
My neighbour put his house on the market for $2.8M. A bidding war ensued between a bunch of Asian buyers and he ended up with more than $3M. It took 4 days, all cash, no subjects. They didn’t even bother looking in the house because it will be torn down.
One of them knocked on my door and asked to buy my place.
It’s insane but it’s sooo tempting to do the same.
What’s going on in China? Why are they taking cash out so aggressively?
Sell and move to China
thank some all powerful…you got out of that “gay for grey” saga