Hitting Icy Water

You can see the breath get beat out of the rally’s lungs; plunged into the freezing currents.

Check out HCLP, which gave back a monster morning rally, now fighting to keep its nose in the air or else risk losing oxygen entirely.

But I find myself not caring. Even if the market starts to correct, I’m unlikely to play the hedging game. The lesson has been learned – when I short stocks, I lose money. I’m taking a different approach here, offering up just a small slice of the pie to buy puts (PGJ, TSLA) in the most fragile part of the party.

If we crack, TSLA and PGJ die horrible deaths. It will be like any selloff just sort of gets replaced with new, free money. Like the prep school teenager who loses his pocket change to his uneducated, local public ruffian peers, he can trust that his wealthy father will give him more…and the opportunity watch hired mob thugs beat the piss out of his tormentors.

Besides, BAS and CCJ are both higher. I have complete confidence in the companies that I’ve acquired. I will not find myself given to flight; that ends with me screaming in furry, watching my hard work reap rewards without me. There is nothing you can possibly do to cause myself to relinquish these positions.

I’m 25% cash and cocky.