I’m down more than 10% on my stupid fucking PIR position. I hate the store and hope it dies. I am only long for a trade, a trade that has gone wrong ever since I bought the damn thing. But I’m fairly convince this rout in high growth and the overall weakness in the market will end soon.
Aside from the fact the Turkey Gods are merely a month and change away, a joyous time of year when people shove copious amount of meat down there necks — washed down with thick brown gravy. It’s important to remember that things never last, not even horrible horribles. As such, it would bemuse you to know that I am thinking about heading back into SAAS soon.
We’re down 3 months in a row, losses in the -25% range. In the history of SAAS, we’ve only has 3 other declines of this magnitude and each time, after the 3rd month, the fucking stocks rose like wild bastards. The worst of the declines happened in March of 2014, a grisly affair — down 36%. I got fucking RAPED in that market and can still feel the stings of battle. But do not fear my melancholy faggots, the time is close to when bears get their heads sawed off by longs.
Plans for the weekend entail a sojourn to Chapel Hill, maybe an eatery or two in Raleigh. If you should happen to come across me there, please, no autographs.
I shed some gains in my trading, made 22bps in my Quant, an overall nothing-burger type of day. Best case, markets plunge out Monday and we buy the dip, gloriously.
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