It Won’t Last Forever

Despite my recent foray into shit (UTSI), I have built up a decent cash position, over the last few days. Do yourself a favor, you degenerate OTB guy, sell some stock. Lock in some gains and go buy yourself a nice lunch or a pair of jeans. Behave like an upright walking human being, for once in your life.

I will have you know, I am begging for a pullback, in order to execute buy orders on my watchlist. Just to put things into perspective, on The PPT, I created a 4g/Smartphone index (with tracking chart and all), launched at 100—no more than 3 months ago. The index has about 30 names in it, ranging in price and volatility: and that fucker is trading at 120 today—up 20%.

Look, the market is in bull mode: we all know and accept that (at least most of us accept it). Most of the easy money has been made. While it’s true, there are numerous stocks that are dirt cheap, even after this melt up; it’s also true, they need to chill the fuck out for a week or two.

Trade accordingly.