It was a good bounce day, but let’s not make a mountain out of a molehill. I took losses in ARRY and bought UXIN, which went straight down on me. My hedges, SRTY and LABD, closed lower — and my SPOT had a bad day. Other than that, everything was green and I made a lot of coin in HUBS, ZEN and a sundry of other stocks.
Let’s put the rally into perspective. It’s a blip on the screen.
I’m positioned for a rally, with just 10% of my money short and 5% cash. With the amount of high beta software stocks I’m holding now, the hedges are almost meaningless.
Over in my Quant, it was higher by 85bps. We’re heading into the birthday of America. I find it incredibly hard to believe we fade here, into a weekend filled with bottled rockets and Budweiser can parties.
If you enjoy the content at iBankCoin, please follow us on Twitter
Only Mexicans drink Bud. Rednecks go PBR or Coors with the poor possum eaters going Natural Light and such.
Mexicans drink modelo. Rednecks drink moonshine with juice. During a depression everybody drinks bud.
Tick tock
Sorry dude. True Mexicans drink Tecate. Ever heard of Bud Lime? Mexicans in America drink Bud.
STFU
Ah, Mr. Fly, you were right once again. This poor pig was thinking just yesterday, “OA would be buying into this shit.”