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TraderAlamo: Dear Prudence, …Patience

|Includes: FAS, FAZ, MSFT, ProShares UltraShort Real Estate ETF (SRS)

Dear Prudence,

In your absence I’ve seen some hellacious things. Things that men shouldn’t necessarily see. Those of the bovine clan have repeatedly fallen prey to all too obvious landmines. They neglect our cries for patience. Often rushing in to buy the likes of SRS and FAZ in size. We’ve lost some good men. Don’t they know they can just as easily short FAS? Or are they creatures of habit unable to break their addiction to the memories of the battle of 2008? Many of the men who have profited in these troubling times have chosen to avoid the fray. Those that missed the rally completely are jaundiced and chew on the rubber of their Payless Shoes. When I next see you, it may be 2, 3 or even 5% from now. I promise, my love, to aggressively buy that dip. I remain patient with a small position in MSFT, mostly because of the memory of large profits in these last two weeks. Why, then, have the foolish too quickly run in to buy such shallow selloffs? Ok, for now I bid adieu, and when the skies seem to darken once again, know that I will return with another large rally in hand and ride victoriously revitalized by our reunion.

Yours truly,

Patience

** Disclosure: no positions