I love people who catch a great entry into a setup, the setup finally confirms, and they take profits. That is like driving to an amusement park and then staying in the parking lot to listen to AM radio. Sadly, this greed to snatch at table scraps is how most deals are blown. Go for the big deal—slowly if you must, but always with a strong sense of urgency.
I was out of cash at one point today, but decided to scale off some profits in LO. I have no idea whether the news is of the rumor variety or not, but word is someone wants to gobble up LO. And I can’t blame them, Lorillard separated from the herd charging the pot of gold at the end of the vaporizing rainbow with their Blu product offering. The fact that they sell delicious and powerful Newport’s in the meanwhile is moot—everyone knows that. The key is to parlay your cash cows into new evil ventures, like a doctor…evil inventions like disposable atomizers which allow humans to inhale nicotine and airplane deicer. It was an excellent allocation of resources and the execution was top notch. These are the types of management teams I want to be involved with.
So I have some cash now, and want to get it back into the game. I started getting into some ASCO stocks this morning, whetting my beak with shares of IMGN. I have another name on my radar, too.
I back to basis with my newest cannabis positions PHOT and GRNH. This is technically my “second entry” into this trend/pump, because I started by ripping a big win out of MJNA. This is the most absurd thing I have ever done, holding degenerate OTC paper on companies engaging in criminal enterprise. But, hell, people have earned fortunes doing worse things then speculating. I just want my piece.
“You dig?”
There is a big, dark cave crevasse just below where the market stands and everyone is jumping up and down like BassNectar just dropped the grimiest growl of bass in his repertoire. I suppose this has me keeping a clear eye on the LED lit Exit signs.
Want to see the cave? Here, ga’head:
My hands are shaking, my hearts beating, but I am still moving, and I am still getting headshots.
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That picture is awesome
I agree, it’s a perfect representation of the good Russian Premier.