It was a tumultuous day, one of extreme volatility, as investors sashayed between fear and greed. It ended poorly, with the Nasdaq ABSCONDING with its gains into the close — ending down 33. HOWEVER, I get the sense this set up is designed to reduce the morale of men like DAVEY TRADER PORTNOY in favor of men with property.
Le Fly partook in a bit of a gambit today, delving into the unprofitable world of REITs today. I sojourned into it with my eyes wide open, but have hopes of massive amounts of greed taking place soon.
Here were my closed out trades for the day.
(SOXS -7.3%)
(JETS -6.6%)
(M -9.8%)
SBSW +24.5%
GRPN +20.5%
BIDU +4.7%
LK +11.1%
RGLD +23%
GOLD +14.7%
AG +9%
SAND +16%
I am presently 60% long, 40% cash. My longs are EXTREME gambles in mortgage and REITs and one retailer. I am doing this because I believe there is more bounce to come. If I am wrong, I will quickly stop out and shut the fuck up.
As a man of property, I expect all of you to pay rent or be evicted. Furthermore, I expect new laws to be enacted forbidding those without land and title the right to vote.
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Evictions won’t accomplish too much at present with clerks of court ordered not to issue writs of possession until stays are lifted.
Cool. Sue me Fly.
March 22
322 2019 Skull&Bones
Release of Mueller report
322 2020 Skull&Bones
Fed says infinite propping money
And…………
Bernanke said…………….
Subprime is contained……………….
wonderful. how shall it be that you are spared this misery?
Wait until you have to mow grass down there, Fly. You won’t be a property man for long.
Don’t know this Davey Portney guy.
But, I do know Davy Crockett (Born on a mountain top in Tennessee).
And this Davy sez “Be always sure you are right, then go ahead.”
I’ll go with my Davy.
I bought PCI because why the fuck not.
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