The market is punishing greedy shorts with African spears through the helmet, or BLACKWING 602 pencils through your smugness. Tech is leading the way and treasuries are rallying too. As the Gods would have it, everyone is making money, sans leprechauns who overstayed their welcome in the gold trade. I know, I know, never bet against a “bull market.” But what is a bull market and when does it end? Many argued not to short the bull market in dot coms, housing or biotech crazes, until they deflated like sex dolls.
With my money, I’ve been adding to positions all day, especially FFIV. I am enjoying massive melt ups in my options account, long VMW, FFIV, CIEN and SWKS.
Do not misconstrue my optimistic tone with security. I understand the underlying risks and the sensitivity that possesses the souls of our biggest money managers. They are without spines and exude cowardice.
Having said that, I reduced cash to 30%, so effectively, I am fully invested here. The only way I buy more is if urinal shadows club me to death. As for my TZA position, I am in the process of closing it out.
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