How bold of me. I exited the day 75% long and 25% cash. Dare I suggest the market might trade higher tomorrow? Every way I looked at it, I could not get myself to short, if even for a hedge. I closed out my SQQQ hedge late in the day and added to my longs.
I am long names like BEKE and CHPT and SE and ENPH and even TTD and ETSY — good stocks — some might say the best stocks given the tape. There are many others out there eagerly salivating for doom and would like to see nothing more than America’s cities set ablaze and the people in it trampled to death by zombie hordes.
While not a fan of post modernism Americana, I’d be bereft of guile to not attempt to take advantage of economic opportunity. My tell today was stocks like PLUG and BLDP and HUBS — lots of high risk stocks up and staying up all day.
Perhaps tomorrow I rue the day I was born and slink back into the darkest corners of my office and lament the decisions I made today. Or perhaps not. Perhaps you should shut the fuck up and stop believing doom is cast around each and every corner.
Nevertheless, I am talking my book and only request to see a small glimmer of hope into the open tomorrow, from which I might withdraw my profits and then begin a new campaign of collapsing America.If you enjoy the content at iBankCoin, please follow us on Twitter