I was having a hard time grappling with the fact that part of Exodus is down today, namely the very active social club called The Pelican Room. Normally, I use it to vent and berate my members. But today, without it being active due to tech concerns, I find myself rudderless — back up against the current, fucked, forked, radish.
While you might have a respite, or a safe place to reside during periods of duress, I have none. When I get melancholy and begin to brood, I look for ways to lash out, a classic psychological malady that is often treated with electro-shock therapy. While I may one day sign up for one of those courrections, for now I buy SOXS — betting against the semis because it’s fun to root against US companies wholly based in Asia in the midst of a trade war with Asia.
These companies are all woefully exposed to the pangs, and those pangs may one day bang, and knock their blocks off.
Granted, it’s all very possible that this trade may go awry and I may be forced to devour moar crow; but I seriously doubt it. I seriously doubt in your ability to stop me.
This trade is early and designed to anticipate a move that hasn’t happened yet, so it’s not high conviction.
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And I went long NVDA today, as an investment not a trade.
NO ONE CARES (slaps the shit out of Eric)
I care bitch
Bought amat,mu, wdc calls.Got lucky with sp 256 puts expiring today, sold at the open.
bought GS&MS calls. and a few more SP puts.
MM are in charge, you mess with them, they will do a khashoggi on you.
As a long term plan, China wants to make all their own semis, and be vertically integrated.
It’s not going to happen tomorrow, or the next day, or perhaps ever, but it’s what they want.