I had trepidation. I started off the day bogged down heavy in losses thanks to ANF and URBN — 14% losers. I capsized into the morning crescendo, liquidating my longs and keeping my shorts — off 1.5%. As the markets turned lower, my fortunes reversed. Being greedy, I operated with precision throughout the session, mostly on the long side and closed +0.55% — now ALL IN — slightly leveraged with a bias for tech.
It’s important to note, markets do not collapse into National Festival.
As we embarks into turkey and gravy, I like my chances for a ramp. I would like to note the sudden horrific downside action in many retail names post earnings, such as JWN, URBN, ANF and BBY. Gross margins are getting gobble gobbled and it’s only a matter of time before we pull back and for good.
Nevertheless, instead of being a moron and basing my investments on lunatic predictions of the future, I’ll take it day by day.
For now, as it stands, all seems well.If you enjoy the content at iBankCoin, please follow us on Twitter