Cowards

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We needed a correction, but today was far more than that. Just when you thought the “smart money” was going to come in and save everyone, the cowards sold off into the bell. Where is your conviction? Just because the Europe is tossing around its idiocy again you run like scared children, that’s sad. Look at the chart of the Dow, it’s pathetic:

Damn near a perfect inverse of Friday, this tells me one thing, it’s time to buy on the dip. I really like ELLI here, and will look to add to my position, especially into earnings, which I think they crush. SWHC is also poised to rip into earnings, as long as the POTUS doesn’t give a stupid speech on how he will “protect citizens” by taking away their ability to defend themselves. Makes sense? I’m happy here letting my book work, and am not really looking to start any new positions into tax day, unless I find some compelling earnings plays. By the way, where are the YUM number? The numbers must be bad.

Look, this is how I am postured, I want to hold most of my positions and let them work into March, from there I’m going to look to sell and cover, raising cash into Tax Day and the impending “doom and gloom” out of the Euro-Tard [sic] Zone. I will then look to buy the dip and make some money heading into the doldrums of the summer. Summer will again be a game of “Go Fish,” where singular names will be the way to play the market, not sectors.

I’m waiting to see what the fowl company that is YUM has to say. “This previous quarter we contributed to the obesity of the world to the tune of 18%, a 30% increase year over year.”

I often use plays on words, it’s not a spelling error.

 

One Response to “Cowards”

  1. KFC original recipe my favorite fast food fried fowl. Love the the grease marinates my fingers.

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