Looking at this rally off the lows, I am disgusted with myself. I prepared for this very moment, a buy the dip scenario of epic proportions, gap down of largess magnitude and I did nothing. Truth be told, I tried to execute a few orders, but my limits didn’t hit. I missed at least 10 points in NFLX, PANW and 10%+ in CYBR, AAPL, TQQQ, just to name a few.
Naturally, now I feel like a complete fool, ashamed to have missed out on this run and do not want to chase the rally, out of double fear for being wrong again.
This is the battered wife syndrome. Also, I am a dumbass deer under the scope of headlights, watching the cool cars pass by, filled with drunkard passengers popping champagne corks into the faces of onlookers.
Lucky for me, I’m not a human, but a deer, so they’re ignoring me for the moment. Maybe I’ll venture out into the middle of the road to get a better look.
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LOL
I just spewed hot tea all over my computer. Monsieur LeFly, you would make much more money as a writer than as a stock broker. And by the way, only Mr. Buffett would have the balls to buy this morning, who knew the dow wouldn’t dive 3,000 points? Most people took the same selfie today. I’m just glad to be lightening up now.
I wanted to pick up MBLY at $42, but before I could place the order, it started jumping up by the $1. Deer in headlights alright.
Go short Tuesday afternoon for a
move down to 2015 lows.
Fly- at this point I bet most people are popping champagne not to be down as much as they were this morning.
I wonder how many stops were hit at the open today?
Unbelievable prices in some stuff this am.
SDY fuggin SP dividend etf, closed at 75 fri TRADED $46 near the open and now only down a dollar.
Fair and orderly.
LOL 🙂
Sold everything on the bounce, for about a .8% overnight loss. I’ll take it, since i was down 5% earlier.
I don’t want to be long into Chinese fuckery tonight.
Most of my limit orders hit while I was out cleaning the pool. Our pool boy is fishing in Cabo, and expects me to keep things running properly while he’s gone. Just as well; I would have spent the day chasing.
When futures were only down 300-400 points, I held off, but then bought 25% positions in the pre-market, once it was clear things were pretty bad (closer to -700/800).
I was on a plane when the market opened and had issues with shitty GOGO internet, so I only got to see the -1,000 print before losing service. I was going to add 25% more, but was saving 50% for the ultimate crash scenario.
Now that I’m on the ground, I’m holding 75% to see what happens and selling a bit of the profits made this morning. I’d say there’s equal chance of a rally or a crash by the close.
Option prices are retarded right now, making it impossible to play with them. I also agree the AAPL news should bode well for the broader market, but it would be easy to say “AAPL is an isolated product, everything else is toast.”
This turmoil is helping me catch-up to you, Fly, as I’m now up ~16% on the year.
Have any other great stories? I’m bored right now and would love to read them. Jeez.
Buying the close today for our Turnaround Tuesday party
????swing lower sweet chariot???? 15 – 20%
see you in three weeks
No big deal. Back to -60pts on spoos again. This is not a rally straight off the lows and don’t look back kind of tape.
Anyway, the question is what sector leads out of this? Will biotechs and other techs, or whatever, do it again? What will it be?
It won’t be anything other than inverse ETF’s. That is until the currency crisis. Then it will be gold!
I recognize your name.
Still eating sandwiches
.
Sandwiches … On (ah hem) “toast” ?
.
It’s called “Turnaround Tuesday” for a reason.
mehhhh, I don’t think there is any need to rush into this market
THANK THE LORD I SOLD THAT BOUNCE.