What To Do?

The textbook says to take some money off the table, considering people might get panicky off this swine shit and we are entering May. Wall Street is very superstitious when it comes to seasonality, as evidenced by annual Oct-Nov. fuckery and “Santa Claus rallies.”

With my money, I am looking to milk this bear market rally, until the last drop. I am keeping a close eye on banks, trannies, CRE and tech. For the most part, all but tech is getting slammed today, especially CRE. I am tempted to sell short [[ACC]] or [[VNO]] here. But, I am also cognizant of murderous late date short squeezes.

Look, the bears have been dead wrong for 2 month and counting. They are in a state of shock, with regards to this rally and are reeling from large capital losses. Believe me, a lot of my “smart friends” are not answering their phones anymore and are likely seeking solace inside of their local place of worship.

As for me: I am a kite in the wind. I bought a little DELL and CROX, but nothing else. I might buy more SONS, providing the market firms up. I regret selling ODP and buying TBSI: not all trades will be winners. For now, I am sticking with my positions, but will dump them whenever I feel my position is a loser.

I have about 10% in cash reserves and will leverage that, if needed, in order to hedge my positions, prior to liquidating them. To sum up my feelings: I am still greedy, but always mindful of knife wielding clowns out to take my wallet.

UPDATE: I sold out of TBSI, just south of $8.