The quarter ends on Monday. Most “smart people” that I know are buying here, anticipating a bump next week.
I, on the other hand, have decided to take the opposite position.
The morons who manage billions of dollars will blow out of their non-energy positions, and load up on stocks like [[RIG]], come Monday.
Trading on this theme allows me to hold firm here, refusing to cover my shorts, denying the bulls respite.
As always, I offer them the “black flag.”
During this weekend, I intend to enjoy myself, poolside, sipping (not guzzling), on some “rich man’s whiskey.”
My top picks going into next week are as follows:
Long RIG, [[FTK]], [[ARD]], [[PCZ]], [[REW]] and [[TWM]].
Short [[FMBI]], [[WFSL]], [[PACW]], [[HRB]], [[LFC]] and [[TCB]].
Stay tuned for more egregious “Fly” wins.
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