I sold SOXS after the SMH broke $105, as discussed — for a 4.5% loss. These are the fucking rules. You either play by them or you die.
Looking for some action, I stepped in and bought AGTC and only recently OMED.
Both companies are trades and I dare any of you to stand in my way. I will kill you where you stand.
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“TRY TO FUCKING STOP ME BUYS: $OMED, $AGTC”
Too late, that would be breakign my promise.
In other news, AAPL is trending up this week (6%) and just closed a major gap.
I love it: get em in at the notional top (couple %) After 13 weeks of near constant selling by institutional and retail investors, the marginal bears finally capitulated and bought a whopping $27.3Bn of US stock funds and ETFs: this was the second largest inflow on record.
perfecto
Setiment and momentum are just as critical to Bull and Bear markets as fundmentals (such as January retail sales that fell below the estimates if you actually do the math).
If the fundamentals don’t support the inflows, then the this doesn’t mean the amrket will go down, it just means that when the market goes down, it will go down faster and deeper.
Everything is bid up and there are still dollars looking for a home. It will come apart when peeps hold cash. I’m buying a few out of the money puts to back up my longs. Might need ’em, should turn a profit on a big move.
Time for a new crop of leaders perhaps?
Made me some real pretty nickels on a shit load of $AAPL April calls I bot mid February when the Wall Street Apple hate was in full swing. 😉