Guess what, PAL? The US markets doesn’t care about mortgages in Chiner, elections in the Olive Empire, or the Sequestrians [sic] in the District of Columbia. I am tired of AAPL and sold it for a 5.4% loss, I also sold EXK for the worst loss of the year so far, and quite possible the worst loss I have ever taken in an equity– options are another story –a whopping -37.5%. I was going to just let it sit there for months if I had to, but there’s money to be made, and I need the cash. At a 3% position, I’ll hopefully make that back in a week.

I sold VHC, 9% of my book, for 5.5%. I did this for two reasons; I do better with trading ideas of my own, and I need to raise some cash, as I see a big shift change coming. I feel as though what was valued before, (gold, silver, etc), is about to get crushed, even harder than it is now, and the house of cards that is China is finally falling. I am looking for short opportunities, and just borrowed some shares on LULU. I will be looking to companies with high exposure to China and/or Brazil, in the construction sectors. I want to observe how names react, but at this time I believe luxury outfitters of housewares are a good place to start.

Loving today’s moves in SWHC, RGR, and ELLI. GILD and UA continue their ascent, while TSLA is creeping up on the bears. My shorts in CCL and JOSB are acting stupid– but just wait for earnings –with STP and P working wonderfully. Off to find some pants to cut with my ax.

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