The house always wins, except when your host government bans cigarettes and a wide assortment of debauchery, which of course is part of your business model.
I was going to discuss how badly China sucks now and the albatross it has become with regards to commodities and industrials. Then I took a gander at some of the earnings misses and wins and decided to broaden the discussion to risk, over-all.
What are your goals/intentions?
Do you fixate on intra-day movements? If so, you’re a moron.
Are you widely diversified?
How much risk are you exposed to?
Unsure?
The bad news is, you have no idea what you’re doing. The good news is, “The Fly” just completed an algorithm to grade and monitor risk that will be implemented in an Exodus Professional iteration, sometime in 2015. The good folks over at iBankCoin have many irons in the fire, and we strive towards perfection. Once complete, my risk analyzer will permit you to live a life of wanton leisure, as my robots safeguard your portfolio and alert you from impending doom.
As an aside, my average down in ONCE today ended up doing quite well. Overall, the market was milquetoast, a non-impressive offering, one that would bore any God, the old or the new, into a one thousand year slumber. I look forward to a cessation of summer activities and a resumption of the cold winds of the northeast, in earnest, bringing with it profits of the outsized varietal, spearheaded by your local cocaine addled hedge fund manager.
Good day.
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FIG
As I said several weeks ago, buy DWTI and hold it until Shmita. I am currently up 55% on my position, and holding strong. Oil will his 2008 lows within the month. That’s another 20% from here…
Speaking of Shmita, looks like it is coming early for the Muskies. Whatever happened to the guy having an orgasm about TSLA being the next Berkshire back when it was at $280?
agreed,
wolves waiting for blood in the streets,
$40 oil
$900 gold
Nice Sethster.
Today’s memo, don’t sell the early pump, they didn’t get the memo
Glad I sold almost all my FIT before earnings. Damn.
Looks like a “Manager’s Special” on burger meat this week. $HABT