You do realize this entire week is contingent upon a positive reaction to Wednesday’s FOMC rate decision right? It’s that simple, we’re already in wait-and-see mode, perfect conditions for option decay and surprise sex aka hot tub hand grenades.
Like one of my last old pieces of baggage, TRUE, a legacy position I was managing on my way out of the stock picking game. It was like, “blood in, blood out bitch.” CHOP, 47% loser. I had every intention of closing this stock before their scheduled earnings because KORS and SWI weren’t too good to me.
It doesn’t matter. What matters is time—the most finite resource of all and these big hits steal weeks from me, weeks that I have to toil and scrape back what’s rightfully mine.
Do you have a stock you’d like to see down 15-30%? Let me know and I’ll go out and buy some shares. Done.
In other news I bought some QLD this morning. I left room to buy more and look forward to a nice dose of heat. Truth be told, my fate is entirely in the hands of headline algos. Good times.