Well, it looks like I will be getting some new readers judging by how many people retweeted my prior post.

You see, that post was full of hubris, and has got to mark some sort of top, doesn’t it?

Inside our elite trading room, 12631 (I say elite, because you have to join one service just to get to us), we mention the word hubris all the time. When someone gets too giddy about a stock in the room (normally me) it is a sign of hubris, a sign the stock will trade down after making such statement.

In 2011 the hubris meter worked like a charm, I’ve taken full positions off the table on signs of a hubris post/tweet.  For example, one might say, “$TSL is going HAM!” In 2011, that would be an immediate sign to sell the stock before your gains disappear. However, this is not the case in 2012.

In 2012, Hubris does not exist. As a matter of fact, when someone sends out a hubris tweet, that is your sign to pay attention.

I hope you sense the sarcasm in this post, and I also hope you are enjoying the market for what it is right now.

Above all, I hope you are Banking Coin.