Figures, we can’t have a harmonious melt up. Oil and industrials are doing good- but just about everything else sucks. Tech, biotech, retail, are in the pits.
Should we buy these dips and sell oil?
Maybe.
Today’s dichotomy of winners and losers is just another example of how fucked up this market is. If you stepped into today long tech and biotech, maybe a retail name or two, the names that have been working for the past 6 months, you are down. As I write this the NASDAQ is about to go negative.
This is not a buy and hold tape. Be nimble and be quick, otherwise you’ll find yourself in the city square without your dick.
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Bought back some BLCM and will double down in HABT below $28 if the market will give it to me. I don’t have enough oil exposure left (less than 30%) to take any profits now, sold out of a bunch of them too early…
Sold out of
Sold $IQNT & $UVE both long time holds whose ideas came from this
treasured site. Both big wins so thanks
to all the writers.
Bought $DB and $PRU.
it is a buy and hold market. IF YOU BUY MARKET SHORT. thenose@wallstreetTree
called the drop correct. again. @ 9:58am
Any thoughts on when you would even think about getting into SHAK as a long?
Retail and restaurants are up..which makes things even more nonsensical. The supermodel Biotech is now Rosie O’Donnell.