Markets were getting RANSACKED this morning and we closed up more than 550. Any fucking questions — you fucking faggots?
Let me explain my day.
See pal, there are two types of people in this world. There are those who run into houses and fire and get BURNED and others who run into houses on fire and walk out unscathed. I am that man — the latter.
I stepped in today long RIGL — it halted and quickly fucked me — barreling lower by more than 25%. I had a choice — get burned and meekly shrink from the challenge or rise up and DEPLOY THE MARTINGALE STRATEGEM to this trade.
As you could imagine, I chose the latter.
I stepped in at $3.55 and brought my cost down to $4.12 and then went to lunch. By the time I got back, I looked at my wrist-watch, opened my computer, the stock was over $4.3, so I sold it for a 5.6% profit — a 10% holding. I was not surprised that it had happened, only amused.
I closed out the day 45% cash, of the 55% — 15% short.Comments »