Thank God I closed out the majority of my shorts on Friday. Still, I took a fucking drubbing in LABD and DRIP today, as is customary whenever I decide to be an inverse oil man. On top of that, I took a hazardous trade in BPTH that ended with an 8% loss — because I was pining for the big dick swinging days of late last week. But those days are over and all we have now is upside surprise in stocks — an overall melt up befitted for gentlemen in high finance.
My Quant sperged out, higher by 2.25%.
I took OLED for a quick spin and bagged 3 points intra-day — and I bought some SOXS here for the downside reversal to come. I’m still long NUGT and have about 70% in cash inside of my rudderless trading account. I’ve been so degenerate in that account, trading in low brow names for quick profit, I am a fish out of water now that the overall market broke out. Oh, I also bought some OKTA today, in order to gain some exposure to SAAS.
In short, this is the level where I went short last week, so we aren’t breaking out or anything like that. We’re just vacillating and consolidating recent gains. Should we break higher from here, I will take all the shorts off and reallocate long.
And, yes, you can buy stocks even though they’re high. Bull markets are built upon gains that compound.
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Crack 1 was a warning shot
Crack 2 was a demonstration
The takedown, the leverage, the sabotage, a cord pull
Crack 3 will be the nail
on, over, upriver of 45
SOXS to the bonfire again. Amazing
The programming has Clearly targeted various groups/sectors/trades.
semis have a laugh-out-loud display
this round
Get 100% long if you want to make money, we are going to new highs and beyond.