When I say “they”, I mean bankrupted fucktards who just got wiped out playing the long side like an animal. Those guys are being washed away with the sands of time now. I bet you think I don’t want to buy this open? You’d be wrong.
I am dying to put money to work. I just don’t like the cross-currents of moronic Fed officials holding rate hikes over our heads, like the Sword of Damocles. I do like those BBY numbers, which bodes well for GPRO, AMBA and AAPL. The market should rally 5%+ over the next 5 days. We should get a continuance of the rally tomorrow and then the short squeeze should commence by Thursday.
If you’re like me, heavily cash, sidelined like a paradiddle, bide your time and wait to see if the animals completely fuck this market with their sell orders. The opening tick is over. Now we will drift throughout the day, ebbing and flowing between fear and greed. The best time to execute a trade will be near the bell in preparation for tomorrow’s continuance.
At the top of my buy list is to average down in CYBR, ONCE and add to SBNY, AAPL and start a new position in either SHAK or NFLX.
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