I’m not doing this anymore.
You know, being the last bull in Rome, as Rome burns.
Towards the end of the day, I sold boatloads of stock, which included most of my XFML position. As you know, Ducati was right, again.
This is a worst case scenario for the bulls. There is no confidence; therefore, it makes sense to capitulate here.
If the bears are right, as I said before, we will be 20% lower from today’s closing prices. With that being said, don’t let your cost basis get in the way of making smart decisions.
Take a look at your portfolio and if you wouldn’t buy XYZ at these levels, with fresh cash, sell it twice now.
With my money, I bought more FXP.
Also, I raised lots of cash and will be looking to drag Santa Claus out of his shitsled, by the beard, in order to club him to death, via short sales.
I will post my short list later.
All in all, “The Fly” got lit aflame today.