First off, I do not have cable therefore I do not have access to the wonderful news flow everyone is so eager to consume. Second, if I did have cable then I would only watch The Cartoon Network. Bear with me for a moment. I have an important point to make.
What you read on the pages of the Raul is unadulterated commentary driven by market behavior and data. Before every post, I envision myself in an all white baptism dress being dipped into a 74 degree pool of Fiji water by the big hands of Jesus. I simply take to the pulpit and tell you what I see in the world around me.
King Solomon himself could not offer a more diplomatic approach to market commentary. With all of that being said, I must reiterate one of the most important big picture thoughts to keep in your mind when making any and all market decisions—they want your shares. Not only do they want your shares, they want to flip them back to you at higher prices.
I have committed one of the most bush league bullshit mistakes you can make in the trading game. I bought a breakout, stopped out on the breakdown, then bought the SAME breakout again, which is now -10% on me. I did this in ENPH, a stock which I have never traded well for reasons completely independent of the ticker itself or any bologna fate. It’s bad business trading like this, but let us turn our attention to good business, yes?
Smoking, all kinds. Pot stocks took a pass on today’s selloff and LO and MO downright appreciated. It is one thing to shrug off two percent gains in a momo junket that can slit 20% off your person the next day. It is another matter entirely to earn 2% on a stock paying a massive dividend. For once, I do not feel like I need more. Usually when I play old man I don’t sink my teeth in, like when Cain Thaler had us all buying AWK in 2010.
I watched this selling develop day by day which makes the actual happening much less sharp. Interestingly enough, I did not play it very well and I am -7% YTD on my portfolio. I do however have a TZA position that I have to baby sit and clean regularly. This was my way of swing trading the volume pocket we traversed 3 times today (literally 1000s of dollars worth of futures trading to be had today).
BOTTOM LINE: Stay cool, you’re cool, right? They want your shares. It is almost time to buy ZNGA. Are you man enough to be a KING?
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Be cool? I AM COOL!
That chick has a very nice rack. I bet it’s nice to the touch.