Markets are Soft, Time to Delve Back into Margin

I am leveraging up for the late day melt up, which should assuredly come. It’s only a matter of time now. You’ll see.

BIG DICKED money is being made all over the place, but especially biotech. I am angered by SLS, bought and sold yesterday for clam shells, not up 100s of percents. ‘Tis the life we live, as degenerate traders. We’re never happy and nothing satiates us from the the never-ending trail of dust we chase into the ether.

Dow is -110, Nasdaq +40. Breadth is middling. SPACs are a mixed bag. I bought a few more. I am presently levered up 110%, not really a big deal. I had 100bps gains and that’s all gone. I am break even for the day and if I didn’t know any better — I am lining myself up to get smacked in the jaw with a nice hard baseball bat.