Fuck this shit. Just yesterday I was thinking about really risking up my portfolio, going into leverage and overweighting one stock. This is exactly the sort of sordid behavior that gets a person at the receiving end of a jellied donut punch to the face. I’ll be damned if I were to mistime this splendid marketplace in 2015, the year of “The Fly.”
As such, I’ve taken precautions and moved to a 30-35% cash position. I’ve sold out many of my top trading positions, but left in place CYBR, SBNY, RDWR and BITA. With regard to BITA, it’s a very small position and I’ll buy more, after it declines by 10%. I’ve taken profits on a number of stocks, all but assuring that my 30% gain for the year won’t get jeopardized with the coming correction. I just didn’t like the way my positions were being handled, in the face of unchecked market gains. Therefore, I lightened up, in order to properly reassess the situation.
Exodus is spitting out a lot of interesting data now and I might just take a directional trade on one of the higher probability suggestions.
Bear in mind, I own about 30 stocks long term, names like PANW, GILD, BX, HAR, ICPT, AAPL and BID etc. So I am never going to be all cash or net short. I believe, with every fiber of my being, that we are in a tremendous bull market that will last a generation. I believe that we are in the nascency of a singularity between man and machine that will usher in an era of unrivaled growth and innovation. Nevertheless, there will be pitfalls along the way and I endeavor to miss them, as best I can.
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I am of the same opinion Señor Tropicana.
I still need to watch this Wolf movie so these pics make more sense to me.
I have a great one I have been saving for months.
unc
thats from Aviator. Geez, you ought to watch some teevee and get your head out from those cacti
.
Howard Hughes living as a recluse in a hotel suite in Mexico …
… watching Ice Station Zebra day and night !
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Why did I feel the need to comment? I’m horribly embarrassed.
I, of course, thought it was from Titanic. Geewhizdarn
Do not give up the YTD gains. You’re welcome.
Chinese buying up U.S. listed names, taking private,to re-introduce at higher prices at home.
never really said which one you were going to “leverage and overweight”..curious to know – if you will
Barilla pasta, WTF? crooks
please explain
Watch video
ahhh..cant do..at work
shak, bought some, low of new base I am thinking….
The pre-2015 Fly would have doubled-up and then bemoaned his stupidity at year’s end. Congrats on flattening the learning curve.
How is yelp still a thing? Useless
So many of these things don’t have the value we are assigning them. People only have so much frickin time every day
i just got my fly trade alert. i cannot believe you just bought that, sir.
‘astonishing’
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