Tuesday, June 26, 2007
They're Out to Get Me
Much to my chagrin, most of my positions are being stripped and kaned. If I didn't know any better, I'd say the bitch, Mother Market, is trying to kill me.
The way I will deal with this precipitous decline in value, whether it's MVIS, ARWR, HANS or BWLD, is to set priorities and not trade on emotion.
For example, I am tempted to fucking double my MVIS position, right here, right now. But, that's fucktarded.
When shit hits the windshield, my priority is to protect the downside and deal with making the losses back later.
This means, I will be trimming back non core positions, in order to raise cash. With the cash, I will sit patiently and wait for an ideal entry point for one of my core holdings.
Naturally, "The Fly" will recover from this debacle and eat the livers of those who tried to destroy me. All in due time.
For now, my main concern is the overall tone of the market, coupled with some serious slippage in key momentum names, aside from my own holdings.
The way I will deal with this precipitous decline in value, whether it's MVIS, ARWR, HANS or BWLD, is to set priorities and not trade on emotion.
For example, I am tempted to fucking double my MVIS position, right here, right now. But, that's fucktarded.
When shit hits the windshield, my priority is to protect the downside and deal with making the losses back later.
This means, I will be trimming back non core positions, in order to raise cash. With the cash, I will sit patiently and wait for an ideal entry point for one of my core holdings.
Naturally, "The Fly" will recover from this debacle and eat the livers of those who tried to destroy me. All in due time.
For now, my main concern is the overall tone of the market, coupled with some serious slippage in key momentum names, aside from my own holdings.
Comments:
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Agree, the tone is getting dicey. If they start seriously selling the market leaders, we could be in for a bumpy summer.
-DT
-DT
of course with a stock like MVIS, the shorts may mark it down . I wouldn't be surprised to see them spend the coin and try to nail the sucker to $4 even.
It is a blood bath in my account, a red bleeding mess. Fortunately, I was only 40% in stocks at the start of the week. Days like this are part of the game, I hardly get excited about them anymore.
IOC - missed drilling update? company response of "no news doesn't necessarily mean bad news" seems a strange choice of comment if, in fact, there was pending bad news. could be good for a heckuva bounce...
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