As much as I would like to talk shit to the bears for getting mugged, day in and day out, I am noticing some underlying weakness in a variety of names/sectors. Today, I am “enjoying” my third blow up in three weeks, with this fuck of a stock American Capital Ltd. [[ACAS]] biting the homo hammer. I find myself rather complacent in the face of losses, mainly because—well—the market is my bitch. Every so often, she slaps me back. Today is one of those days.
Part of me wants to believe in the turn, as memories of past occurrences, particularly 1998, flood my mind with visions of grandeur. Another side of me thinks this market is a floating pile of shit, being buoyed by some sort of asshole submarine, directly underneath. I guess, the best course of action is to correct my errors as I go along and try to reduce my downside exposure, in order to lock in my gains.
With that in mind, I’ve decided to cut loose a few losers. There is no point, whatsoever, to hold onto a loser—no matter how extraordinary the situation is. Don’t worry, Flotek Industries, Inc. [[FTK]] lovers, I am not selling “The FTK-tard” yet.
My advice, in a nutshell, play small and bold; but prepare for that floating pile of shit to get eaten by some sort of deranged/homeless polar bear.
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