Mid-day I was reading 10-qs for fiber optic companies — fully believing the “advent of AI” had created an insatiable need for enterprise level upgrades on the server and fiber side. The expansion of the fiber grid into last mile projects to rural destinations continues, unabated, and the resiliency of many old time favorites in the space — harkening back to a time long ago when George Gilder was all the rage, intrigued me.
I positioned into EXTR, CIEN, JNPR, AAOI and others. I was excited to partake in this brand new area of tech, adding onto my fervor for AI, EV, and evTOL.
Then the waterfall happened and I quickly discarded my grandiose visions of popping champagne corks into the faces of my friends — as we enjoyed outsized gains and generally felt as if our IQs were in excess of 200.
My profession demands that I react to the market and not hold onto dreams. Dreams are for morons and people unable to manifest their perfect world through sheer will of force. Because of this, I hedged 25% via an array of BEARISH AF ETFs and closed the session +81bps.
For Monday, and I regret to tell you this because you’re so optimistic, I fully expect to see the resumption of the end of western finance as we know it.
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I wish “unabated” was the case. I live on a dirt road about 75 miles from the nation’s capitol. WE have access to to ZERO land-based broadband. We’ve used every satellite company for Internet and TV for over 15 years. They all suck. When Congress passed another tax sucking rural broadband bill (H,R. 2661) in 2019, I got my my Congress critters involved and asked how I could get a dirt road on the list. Surprisingly, six months later I got responses from both House & Senate critters. I was “on a list.” Great! Then Covid happened. We were all dead in space and knew we would never see cable any time soon. StarLink was just getting going. You can’t even get on their list if you already have any kind of cable Internet. We didn’t, so we got on THEIR list. We spent about eight months on the list before they dropped off the hardware on the front yard. I know you don’t have these issues. Compared to HughesNet, Starlink is spectacular. Back to my original point. Even tho Congress tells you, ‘we are from the government, and we’re here to help,’ we get no love from them after waiting for four years. Let me know what the Feds think is “unabated.”
Lucky you! You are saving $200-$400 per month for not being able
to watch 50% commercials and a bunch of lousy game shows.