Fly on WallStreet

Many of you probably think I am out of my fucking mind. For the last week or so, I have been uber bullish and have been buying as many high multiple tech stocks I could muster-- even an airline stock. Then, towards the end of trading today, I fucking bailed on many positions and went short SIRF.

My reasoning is simple:

I don't want to be the last bull at the party, ever. I am not stupid. I see the market declining and perhaps a change in sentiment, so I reacted. If I were to just sit and watch my positions decline, then I would never outperform.

In short, I am at my best when I react to a shifting market, instead of riding it out.

So, for now, I will continue to hold the majority of my long positions and add a few shorts to the mix "just in case."

Frankly, I thought today's dip was different from the others, as the asshole dip buyer was absent from the action.

My current bear watch list includes:

MNST, SIRF, ATHR, RACK, CROX, LRCX, SLAB, ANAD, CCJ and TSCM.