It was brutal. The bears got blindsided, mainly due to a non-recessionary ADP jobs report.
If you’re a bull, this is where you want to milk the bears.
Seasonality is against them and stocks are significantly discounted.
Basically, we have a two week window to annihilate the bears, before they get their fat faces out of their fucking caves.
However, in early January, I anticipate MVIS will “catapult” higher, on the back of the newest Picop device— effectively banking even more coin for “The Fly.”
All day, chip stocks went gang busters. However, other than INTC, I hate the sector. There is too much competition and the margins are being squeezed.
Some oversold internet stocks, which typically outperform this time of year, did quite well. Keep an eye on SFLY, MNST, OSTK and REDF for a bouncy bounce.
Finally, I’m sticking with my fledging ACF position. After further analysis, I sense a short squeeze is looming. With regards to short squeezes, HANS, NTRI and CORS are pressing the “hot blade of death” on the bears’ necks too.
NOTE: DNA looks oversold here.If you enjoy the content at iBankCoin, please follow us on Twitter