GAMBLERS ANONYMOUS

I just bought 20,000 shares of GMO, knowing full well my 20k can make it interesting, if you know what I mean. I’ve delved into a dark world of thinly traded penny stocks, as if I were some sort of degenerate OTB guy. Trust me, I am not.

Typically, I buy multi-billion dollar franchises, with hopes of scalping 10-20% on a trade. But this shit is sheer madness. I am banging out 50% within days, on names, normally, I wouldn’t bother spitting at, let along invest in them.

This is the great reflation trade of 2009, where every fucktard with an e-trade account gets to be rich, if he plays his hand correctly. Fortunes are made and squandered in the market all the time. Yesterday’s black swan is today’s boon, depending on the timing, of course.

I know people who lost millions during the 2000-2002 decline and others who picked up cheap stock in ’02 and bought 10 houses with the obscene winnings.

I don’t know when the party will end. I only know, for a fact, that it will. Do not follow me into crazy eyed trades. Understand something, on one end I am deploying 100k into crap, but taking out 200k on winning trades. Net-net, I’ve been a seller into this melt up, with a cash position nearing 30%.

Just today, I sold a little SONS, all of my NGAS, ERX and a touch of my LVLT, in order to make room for new buys.

As an aside, as predicted, the “stress tests” were a charade, a ploy of sorts to get the bears into the fire. They are now being used as tinder for this rally. I suspect the rally will continue into the mid-May, led by gains in commodity related stocks.

UPDATE: I sold out of my MSO position, north of $3.90.

UPDATE: I bought 5,000 FTK @ $2.77