The good news for [[TMA]] shareholders is that the stock can only fall another buck. Good news, indeed.
As you all know by now, the news of Governor Spitzer soliciting “Ladies of the Night” sent shock waves throughout the investment community—as confidence in our markets and leadership become front page issues.
However, I must tell you, I am quite pleased to see Spitzer didn’t have some sort of absurd gay theme going on in his life. It just seems every single politician is a flaming homo. Good to see some old school, degenerate, testosterone running through the veins of a male politician (yes, that was a poke at Hillary).
As for the markets:
I expect this Spitzer shit will result in another wave of selling. People are done. They want no part of this market. Therefore, expect to see a crescendo sell off, sometime soon, much to the chagrin of the bullish variety.
Just know, today’s trading action gave instant victory to “The Fly,” against the cowardly forces of Dennis Kneale, James Cramer and Charlie “Meatball” Gasparino.
With my money, I covered my trading [[MON]] position, for a cool 40k+ profit. Keep in mind, I am still heavily long [[SMN]], whose largest short is MON. In addition, I took out a trading short on [[POT]]. Fuck POT.
Finally, sometime soon, due to the egregious manner of the recent sell off, I will build my cash position to an obscene amount, while paring down my shorts.
Basically, I’ve made loads of money this year. I find no need to “press my bets.” Until we spike hard, to the upside, I will make surgical trades and reduce my downside exposure.
Remember: Always keep a spare gun under the bed.