I thought we’d have a follow through rally today. Silly me, I forgot that we were in a fucking black hole, which is sucking civilization and all of its furniture into it. Poof, gone!
I am flattening out my portfolio to put me on a hamster wheel to nowhere. Of course I am loading up on [[FXP]] . I told you last night that I would.
Look you, if you’ve been reading my blog for more than a year, you should know how I think by now. You don’t need me to tell you: “hey asshole, yesterday was a trick, get short.”
Yes it sucks being whipsawed; but it’s part of the game.
In short, I have not sold any longs. I took my 15% cash and just dumped it all into [[FXP]] . Fuck it. And, I will use a little leverage to buy more, if needed.
UPDATE: I sold short 3,000 Transocean Inc. [[RIG]] @ $72, to hedge my National-Oilwell Varco, Inc. [[NOV]] position.
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