As you waste your weekend away, gawking at dumbtube and internet porn, “The Fly” is reading research reports. See pal, THAT’S the difference between a person such as yourself and me. I will opine on Green Mountain Coffee Roasters Inc. [[GMCR]] Sunday or Monday, dependent on how futures are looking. Good stuff.
A lot of you are worried about losing money and some of you are happy as pigs in shit, due to your short positions rising in value. For the most part, the unwashed masses on this site are being rather polite, with regards to my recent set backs. Perhaps it’s a sign of maturity, or the fact that I have imprisoned over 200 neerdowells throughout the years. Nevertheless, I appreciate the sentiment.
Some of you are asking about my breaking point, the line in the sand if you will. I opt to give my answer in the form of a simple mathematics exercise.
Joe Blow starts off 2009 with 100k. At the end of 2009, due to market gains, Joe Blow has 190k. During the first week of 2010, Joe Blow extends his gains by another 12%, sending his account value up to about 212k. MUCH TO HIS CHAGRIN, in ghoulish fashion, the market staggers him in the subsequent weeks after his great start, effectively erasing all of his 2012 gains.
His account stands at 190k.
Now ask yourself, is Joe Blow hurting?
My line in the sand is the proverbial “180k.”
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