Don’t get me wrong: I am not looking for a market cascade, reminiscent of 1929. All I know, when my accounts are roaring to new highs and my level of “obnoxiousness” is at an all-time high, it’s time to chill the fuck out with the buy orders, in exchange for a stiff drink and loose times. Out the gates, once again, the market is melting up. Due to quadruple witching, expect to “enjoy” lots of volatility during the trading session.
First thing this morning, I sold out of my Western Refining, Inc. [[WNR]] position @ $7.75, which successfully bookends my endeavor into the hurricane trade. I will buy the bastard back next year, same Fly time, same Fly channel.
Flotek Industries, Inc. [[FTK]] is acting like a boring baby. No one likes boring babies.
My cash position is just north of 30%. I will continue to sell the rips and buy the dips. I am done chasing momentum.
There’s not much more to say, so fuck off.
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