Now you fuckers know why I tease the bears, when the market goes higher. At the first sign of weakness, these apocalypse wishcasters populate the comments section like homeless people on a free crack line.
Where is my line in the sand?
Well, I have a lot of room to be wrong, unlike my idiot ursine followers. I will accept another 5% on the downside, before throwing on a few hedges. It is not important to be right every single day. After all, micro managing a thesis is pointless.
I am amazed by the bullish action in SAY. I thought that company was going “Enron” on shareholders. Perhaps India perceives outright fraud in a different way than us backward western types.
Amidst the Devil Dog action, GS, AAPL, RIMM and GOOG were strong. It is my belief, the market will not break lower, unless the leaders have been routed. Additionally, oil is still strong, while the dollar is weakening again—also bullish for stocks.
Do not expect the bottom to fall out of the market, just because your idiot charts say so. They’ve been proven wrong many, many times, while I systematically bowl on you fuckers.
Top picks: OVTI, GLW
NOTE: I sold out of my DELL position today, as mentioned on The PPT.
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