I stepped out for a few hours, in order to throw some bowling balls at pikers. Here we are, at a crossroad of sorts, on the precipice of killing the rally or catapulting short sellers into shark infested waters.
The market is sustained by tech and oil, while signs of weakness can be found in banks.
I said it once and I will say it again: FUCK THE BANKS AND THE GAY UNICORNS THEY RODE IN ON.
Let the rally ferment with the use of idiotic factory and almost dead oil services stocks. That’s where the potential growth is, after all.
To quote a great man, Jeff Macke, “Your portfolio is being managed by car people inside of a chimpanzee tea house.”
With my money, as always, I will endeavor to make money. I am blessed with the pullback in ENTR and will accumulate more. And, if possible, I shall swap out of some of my micro-caps, in exchange for companies with greater substance, such as GLW and IR.
In short, believe nothing but the gold chains around your neck, for they are real. And, never tell a stranger the codes to your money safe.
UPDATE: I sold out of LVLT, north of $1.18.
UPDATE II: I sold out of GMO, north of $1.80 and BEE, north of $1.16.
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