I added to my SCO position today for $35.01. This purchase wipes out all of my cash and leaves me with a small margin balance.
If this goes awry, I will very likely fold (at least partially). I already semi-folded a few months back if I were to be honest with myself, by scaling back all of my long positions and completely liquidating AWK and BG.
I’m not messing around with margin. I might hold this particular portfolio balance for bigger losses than prudent, but I’m not going 2X leverage.
That’s just insanity.
If you enjoy the content at iBankCoin, please follow us on Twitter
Well, if this selloff actually materializes on Monday, I’ve gotta thank you for this post, Cain.
Hope I didn’t jinx it…
SSSHHH!
I would not be surprised in the least if on Monday, the market ran 250 points higher on no news.
The jobs report is obviously a good thing, as now all the disappointment has been seeped out of the system.
Even if all employment country wide goes to zero, the market can only go higher from here, because it’s priced in. We can only get better from here.
Bullish.
Haha… understandable cynicism. All of the folks going long @ the bell on Stocktwits yesterday was a bit of a tip off to me though. Felt a looot like the Osama top last year.