Sorry, but I couldn't take the stupidity anymore...
Going to cash in the LTP with the following exeptions:
- GTAT
- USO
- ABX
- HOV
- RIG
- BHI
- CIM stock and short calls stay - puts go.
- CLF
- LL
- LULU (it's a bearish trade)
- MAT
- UCO
If you have a long-term position like AAPL and you COMPLETELY intend to stick with it through thick or thin - there's no need to get out but I do expect either a 20% market correction OR we break out to new highs - it's not clear yet but I don't want to drop half of our spectacular gains when we're fully capable of finding new trades any time we wish.
That will leave us with a way-too bearish STP and we'll deal with that during the week (if it looks like I'm wrong and we hold 2,100 and 5,000.
Sorry about the change of heart but speaking to a new group of HNW investors - I realize these guys have no clue why they are buying stocks and all this manipulation by the CBs could blow up in our faces - why risk it when we're already past our July target?
