Sorry for the non-investment title and post, but can you believe this guy? Who goes out and tells ESPN that they want a 1-hour special called “The Decision” to announce to the world what team they will sign with? Who grabs a nickname from the Bible, and pronounces or accepts the title as “The King”?
I’ll tell you… someone who thinks too highly of himself and yet is ringless.
Give me a break. I’m going to tune in on his announcement today just so I can see how dumb it is. Yeah, I’m just as sheepish and dumb. How long does it take for someone to announce their new team? Hmmm, Michael Jordan said it in two words, “I’m Back.” Who needs ONE HOUR?!! This is presumptuous, and ESPN needs to take off their skirt after the show. If Lebron doesn’t stay with the Cavs, then he just made his exit a glorious “see yah, kiss my butt, I’m going somwhere else.” If he does stay with the Cavs, then he’ll have this reputation of creating a crusade, or like he’s trying to prophecy his heroism.
And I don’t buy that, “I will use the proceeds from this 1-hour show of my announcement to help the Boys and Girls club.” What a publicity front! Why stop there? Let’s put Lebron’s used toilet paper on eBay and use those proceeds to fight cancer.
Anyway, I guess there’s nothing else to talk about in the NBA. I think it’s absurd that Lebron gets his own webpage on ESPN and his own Twitter account having to deal with his signing. All hail the King! We are zombies.
Okay, back to real trading. It looks like the market is serving up some beat down to the bears. I’m still not flinching on my shorts because as I stated earlier, it’s not a good time to go 100% short in your portfolio, but you should be building towards a bigger short position (or smaller long position + neutral position). Today was actually a good day to short. I think tomorrow we will have a good down day at least to wipe out today’s gains. Either tomorrow or early next week. It’s not that promising to see trash stocks leading the market up. For today, you may have noticed China stocks were making a run like JASO. But when you look at the leadership in that sector, it was quite flat… BIDU closed almost neutral. More importantly the leaders are flat today. Carefully monitor them! I’m waching NFLX, PCLN, AAPL, NETL, VMW, ROST, and LULU. Only PCLN and LULU did well in that powerhouse group. For now, just remember, do not overtrade this tape! It’s a day-trader/short-term-swing trader’s market. If you don’t fit those categories then lighten positions, especially if you’re uncertain on a 2-month timetable.
Okay, time to watch the Lebron show. So, where does he go? If he joins the Heat, do they win it all? Does Jay-Z offer him the future of Brooklyn? Will he ever win a championship ring, and if so, does it hurt his legacy that he needed the help of two superstars? I hope he stays with the Cavs, but if he does go to the Bulls or Heat….
“We’ll see you in June.” -Kobe and Co.
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work work work! I guess i can’t watch the show. oh well.
I have read some incredible things on this site over the years but ” Why stop there? Let’s put Lebron’s used toilet paper on eBay and use those proceeds to fight cancer.” takes the cake . Genius Gio!
haha. thanks. did you see how he surrounded himself with kids?! That’s like putting lipstick on a pig (a classic investor term). Turns out I got to watch the Decision. I met with my client, and he reminded me about the show so we took a break to watch it.
It wasn’t as exciting as I thought it would be. I was waiting for fireworks shooting out of a giant “Miami” billboard made of solid gold and chinese acrobats swinging down a rope made out of Oprah’s hair.
Seriously though, I can’t wait for the season to start!
Loved this post.
i for one am so glad this guy didnt come to chicago,just another overpaid useless pos. now cleveland is all disparaged as is the owner of the cavs,and then spoke about the guy as a traitor of the country. but i asked myself, who are the ones that keep fueling the fire of pay for these “athletes” , the very owner-s that fork out the money to pay for the frankensteins that they themselves created.
I will speak on this topic as a Clevelander that has lived his entire life without a single sports championship… (keep in mind I am very bitter)
Lebron is an asshole! He’s a choker… Is he a great player? Yes, but he has always failed under pressure. He will never win a championship for his ego and highschool friends/”team” will always bring him down.
I will speak on this topic as a Clevelander that has lived his entire life without a single sports championship… (keep in mind I am very bitter)
Lebron is an asshole! He’s a choker… Is he a great player? Yes, but he has always failed under pressure. He will never win a championship for his ego and highschool friends/”team” will always bring him down.
Nice post. I say the Celtics are still a better “team.” Heat have more talent, but maybe no chemistry.
If I get nice odds on “the field” I may take that bet.
Amazing how the odds went from 25 to 1 before to 9 to 5 after the signing.
Everyone will bet on the Heat, which means they won’t be representing the East.
Right now, I say Lakers vs. Celtics Part III.