Now that I am a deep value investor, I have little to do. Ergo, I walked into my job, professional blogger/trader at 2pm and won’t apologize for it either. Life is grande, albeit a tad moribund. This morning, before I went on a sojourn, I booked the following VALUE trades for profit.
FSR +10.7%, KNDI +6.6%, CLNE +5.6%
I also closed out my SQQQ hedge for a 5% loss, making my “hedging” expeditions 100% unprofitable over the past decade.
I have since slithered away into a dark crevasse, knowing my portfolio is both safe and secure, presently higher by 115bps. While it’s true, on the surface stocks look great, with the Dow up more than 300 — but it’s all a facade, a sick and decaying veneer. If you look closely, hideous monsters are abound. SAAS stocks are lower by more than 1% and dare I say high growth beta cuck plays are off by 1.5%.
I am 5% cash, closing out the week with dignity and honor. Into the final hours of trade, I might, perhaps, chance upon one of those degenerate high growth names for sport, to have a laugh or two. Maybe I might appeal to one of you Robinhood traders, drunk with margin calls, and convince you to purify your body and soul by way of a DEEP VALUE portfolio.If you enjoy the content at iBankCoin, please follow us on Twitter