Thursday, February 01, 2007
Quick Alert: Putting My Balls on the Line
Today, in true mad man form, I sold my only hedge, MZZ. I booked a quick, sharp loss because the "event" I was looking for fizzled away like my dearly beloved Grandpappies alka-seltzers. May he rest in peace.
Now, I may be wrong and the market may proceed to get "tea-bagged," but that's a risk I am willing to take.
Basically, if I didn't sell MZZ today and it went down another 2 or 3 points, I'd have to do some serious damage to my trader/servant.
I guess what it all comes down to is conviction. I am convinced the market is going higher.
Place your bets, fuckers.
stay hedged, maybe u can keep one ball.
What are you basing your decisions on?
Multiple averages and industry groups are at all-time highs.
I think you should LOSE THE CYNICISM that your generation espouses...
Although we appreciate you old fuckers for battling it out in WW1, you are a negative bunch.
May I suggest a few large cans of Monster Energy Soda to perk up your day?
more money is made, and conversely, lost, at market turns, than all the frantic day trading in the world. sometimes the herd is wrong.
Did anyone notice ODFL today? I bought some the other day and actually forgot I owned it until I looked at my account balance and couldn't figure why it went up so much. I love those kind of surprises.
Also liking the action in HXM and HANS.
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