Listen to me as if I was screaming into your face.
You have no basis to be short here. Markets have all but told you it’s going higher, even after today’s big cocked move to the upside. As a point in fact, often times larger runs occur in esoteric names after massive melt ups. Today advertises to the normies that money is being made and they’ll follow in like lemmings tomorrow.
I told you earlier, big ass cash positions await on the sidelines. I’d like to highlight some of my ideas, but feel increasingly restricted due to my Capstone obligations. Nevertheless, I can readily advise you to be long and in stocks that correlate with the market.
It’s worth noting, FUCKTARDS are still on Twitter talking about topping out and those people will have their faces punched off soon, and strongly. It’s one thing to be a bear, a whole other thing to walk down your portfolio.
My largest position are still gold and it’s not participating today, which is fine. The melt up in stocks is causing defensive positions to be liquidated; but the bull case in gold has never been stronger, literally — when taking into account the record level of wage growth in the country now and the idea that inflation might, finally, be something to worry about.
Regrettably, I sold PYX yesterday, ahead of earnings — because I had no edge. The stock is up 30% today and sometimes that’s how it goes. That stock, in my opinion, will continue higher, at least until tomorrow, as momo traders try to catch a glimpse of greatness and sojourn into profit.If you enjoy the content at iBankCoin, please follow us on Twitter