It’s been a great week, but no time to get greedy or loony. I’m lightly committed now.

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It’s been a great week, but no time to get greedy or loony. I’m lightly committed now.

OK, I may kick myself for not doing a better job holding on to my palladium long, but at least I didn’t sell the family house, put all the cash into options, lose it all, and then owe taxes with money I don’t have. So, I’ve got that going for me.

There have been three trading days this week, and two of those days – Monday and Wednesday – each had a big disappointment. I’d like to talk about the important reason these disappointments are different.
The first one is AMD, which I was short. As of Friday’s close, there was absolutely nothing at all about this position that should have caused concern. Indeed, the stock fell nicely on Friday and seem ready to continue weakening on Monday.
