All of the hot oil/ag money dove, head first, into the retarded shares of tech stocks. I’m talking [[CSCO]], [[NETL]], [[FFIV]], [[RACK]], [[IVAC]], [[NIHD]] and [[QCOM]], amongst others.
Truly, investors are due for a severe beating. The market has been too predictable and is bound to start fucking people. I mean, how stupid do they think we are?
During today’s tape, “The Fly” stormed the corroded beaches of China and banked a little coin in [[FXP]]. My only meaningful setbacks were in [[VSE]], [[COWN]] short, [[PCZ]] and [[PZE]]. All in all, I ended the day up 0.3%.
I must “dehedge” myself, by the way. Due to the gayer than gay run, from March to May, “The Fly” hedged his shorts with a multitude of longs. The result: my beta is way down, disabling me from banking profuse amounts of coin. As you know, this is unacceptable.
Sometime soon, I will place large bets. For now, I’m content with life. I’ll have you know, “The Fly” has a trading hand made from granite and a head made from gunpowder.
Bottom line: my trading results is of no concern to you. Whatever conclusions you may draw from my “Picasso-like blogging” are likely inaccurate, as a point in fact. Just know, “The Fly” remains in a state of victory, until I decide otherwise.
Top pick: [[FXP]]
Comments »