My FAS calls are up over 50% today, with my DECK and CRZO calls not too far behind. What you are witnessing here today is a sublime harmony in mathematical precision, some of you call it SHOMP. This is not an accident or coincidence, folks. This is what I do.
The news is not relevant to me, just price action. As of yesterday, I was 70% long, my highest weighting in weeks. I intend to hold that weighting until we are OVERBOUGHT. The banks are leading and that is very important. Aside from FAS, I like BPFH. Go read the company profile of BPFH and then you shall understand why it is the perfect Obama bank stock, AND MORE.
At this pace, my gains are sure to eclipse 20%, year to date, soon. It feels like just yesterday when I was down 8%, promising the world a “Great Spectacular”, in which I intended to reverse said losses for green. Needless to say, I am now deep in the black.
You shouldn’t sell into this rally, in my opinion. The banks have 2-3 days of further upside. Let the summer winds work in your favour [sic], warming the sentiments of the coldest and most ardent of bears. Once that happens, we will sell to them and celebrate like Kings.
Comments »