Due to my obvious disobedience to the sublime laws of perfection, I was punished today, with blood curdling horse kicks to the chest, on a personal level, via TZA. As you know by now, I sold TZA and bought Texas sized positions in BAC, EMN, TSO, just to name a few. I sold out of my third largest position, FLS, because I can. And, I sold out of NVDA, because it sucks.
At the present, my cash position is rich and I am itching to buy lots of names. But, it’s important to remember, wealth isn’t created in one trading session, only lost. So, I will take my time reallocating my capital, in order to right my ship and get back on track. The truth of the matter is: my recent foray into VXX was misguided and wrong. I based my decision to buy it on a hunch, rather than my time machine. Being in the hole already, I’ve decided to ride it out, based upon the fact that we are in a choppy trading range. Today’s garbage is tomorrow’s commodity, according to the NYC sanitation department.
I want you to focus very quietly and understand what is transpiring. The market is spitting in the face of investors daily. Despite today’s donkey cocked spike, GS is down. Figure that one out.
I am about 5% off my all-time highs; but I should be 10% higher from here. My personal account is up so much, I am unable to share it with you, for fear of jealousy driven retribution.
“The Fly” knows exactly what he is doing and will execute said plan, within days.
Oh, by the way, my promise of “5 days” for a certain handful of stocks to lift higher came to fruition. Your apologies are not needed, nor will they be accepted.
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