When American International Group, Inc. [[AIG]] , Fannie Mae [[FNM]] , Citigroup Inc. [[C]] and Freddie Mac [[FRE]] “desack” the bears, it’s not a game anymore. Full disclosure: I was looking for a pullback, coming into this week. The difference between you and “Le Fly”: I don’t have ADD and do not trade like a fucking paradiddle. I did not short anything, mainly because the trend, the mood, the aroma, is all bullish. Instead, I took half of what belonged to me and put it to cash.
As you know, over the past three days, I’ve been reallocating back into stocks, specifically Tesoro Corporation [[TSO]] , Sunstone Hotel Investors, Inc [[SHO]] , Hercules Offshore, Inc. [[HERO]] , Complete Production Services, Inc. [[CPX]] , General Cable Corporation [[BGC]] , ANADIGICS, Inc. [[ANAD]] , Starent Networks Corp. [[STAR]] and Holly Corporation [[HOC]] . Much to my chagrin, I got smoked on Sterling Financial Corporation [[STSA]] , so goes the life of an avid speculator.
In closing, short only hedge funds are getting poleaxed here. I will continue to use my PPT engine to find short squeezes, in a sincere effort to massacre my natural enemies.
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