I don’t care about Ferguson police plays, like MAGS, DGLY and ISNS. They will be faded and late comers will be crushed. I don’t give a damn about chinese burrito stocks or the biotech du jour of the moment. Right now, all that matters to me is allocation and how XYZ might fair in the coming correction. I expect to lose money, being that I have plenty of money still invested. However, I expect to lose less than everyone else, and perhaps take a profit or two in several of my defensive positions.
But the ultimate goal here isn’t to bury my head in the sand and/or migrate to Romania–live out my days as a naked goat herder. I intend to, as is always my custom, to buy your margin liquidation.
If you recall back in March-May, I was in fact liquidated and you bought my margin call. It was an odd twist of fate, a karmic reversal of sorts, since I was the one who was bearish a few weeks earlier and had predicted that very correction months in advance. What happened then could only be described as destiny. I was supposed to endure the pangs of horror, loss, and absence of respect from my peers and underlings–because it made me better for it.
As I speak to you now, I am a man filled with confidence, a chest filled with pride, a person who understands the plight of the disenfranchised. I thank Mother Market for this gift every single night before bed.
However, all of these lessons, the vagabond tales of iniquity, have led us here–to a cross roads where you and I shall parlay again–to sort out our differences.
I will not lose this time around–rest assured. On Jupiter’s Stone and all that is valuable in the ancient scribes of Alexandria, “The Fly” will have his revenge and the first course is going to be gazpacho.
Aside from that, I wish you good luck and happy hunting!
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