SANGUIN SESSION

Although I was hoping for a complete crashing of the market, it doesn’t look like I will receive it today. We are down 95 NASDAQs, but breadth is 46% and, generally speaking, things look stable.

The big story is Russia cut oil production by 500,000 per day. Don’t look now — but we are heading into the seasonally strong time of year for crude and we are one good week away from WTI approaching $100. I would presume under those conditions a plethora of SHIT OIL will sky rocket in value. I have NINE and BORR on my books now and hope to see oil trade up into the many hundreds of dollars in the not-too-distant future.

I am hedged at the moment but might cast them aside from more risk. I do feeeeeel that I deserve more gains and although I am down 1.3% for the session, thanks to a varietal of black clouds, I do not believe those losses can sustain themselves, as I have been able to write my own story for some time now.