I am up 0.4%, not because I got lucky or a few things broke my way. Not at all. What is at play here, lads, is Darwinism on a grande scale. Based upon DNA evidence, I can firmly tell you that I am your superior being. As you get your brains racked about with losses, my largest position, CYBR, continues to hit new highs.
Why is this occurring?
It’s elementary, gents: it knows that I am long. Ergo, it is higher.
What are you to do now?
God willing, you will continue the rapid pace by which you are losing money, permitting me with the opportunity to buy your shares in liquidation. Remember, I have 15-20% in cash, fully expecting the market to collapse. Also, I have lots of XLU and GDX for outlier events. I want Greece to collapse and the people in Athens to storm the government buildings, demanding justice.
By the way, my RDWR and PANW positions are also higher. I have a lot of irons in the fire, so to say.
Is the market going to bounce from here?
Absolutely not.
Should you sell to protect assets?
Absolutely not.
What should you do next?
Permit Fly the opportunity to buy your shares through margin call liquidations.
Top picks: CYBR, XLU, GDX, cash
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that show is fantastic. James Spader is a brilliant man.