Massive speculation in biotech and Chinese burritos were the highlight to today’s tape — also the fading of Chamath and his stupid fucking SPACs, thanks to Hindenburg. Truth is, billionaires can fuck right the hell off (extra Bernie). When I become a billionaire, I will fuck off too.
The unfortunate part about the rally was the unpredictability of the moves, intra-day. Typically the runners continue to run; but today they shot up and faded, which made it difficult to day trade. I took scores of small losses today, which is necessary when trading. I was lucky to awaken to massive winners in AVLX (+77%) and SKLZ (+24%) and I pretty much did my best to squander that throughout the session. I ended up 365bps, left with 15% cash — long a pastiche of degenerate vagrant homeless man stocks which looks more like a cry for help than a plan to make money. Nevertheless, and this goes without saying, the stock Gods favour me.
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Narcist is a tool
I put about 6% into barely small cap and micro cap biotechs. High short interest, charts are OK.
ATOS CLVS CYCC MDGL. Thinking that if nothing else an aversion to shorting will push this along. Keep it small and watch it.
GME’s range was 51-95 so far today, volume picking up.
Haven’t touched it yet but watching.