Let’s not pretend the number 666 doesn’t keep reoccurring at a level that can only be viewed as unusual. The Nasdaq, for the first time ever, closed above 10,000 +66.6 points to be exact. Very nice.
I had a good day. My closed trades.
OPESW +53%
(CAN -2.9%)
(ZI -12.8%)
RIOT +18.1%
The RIOT was a late day trade in response to the ZI trade going awry. I am Captain of my very own vessel and manifest my destiny according to my own caprices, at a time and place of my choosing. I would have you know…I’ve been doing this a long time, longer than most of you — taking a keen interest in the market since a young boy. I vividly recall a cockroach crawling up my naked stomach while looking at the 1987 crash headline on the Daily News strewn out across my filthy childhood floor — thinking to myself whilst shooing away the roach that I would one day trade SPACs and delve deeply into warrants and escape the bitter agonies of living on an oil field in the heart of Brooklyn.
Pardon me for occasionally being an unreliable narrator, but I must find some joy in doing these missives. God knows I’ve been patient with all of you. I took out a hedge via FAZ today because 666 and because the banks are corrupt and evil and we have a revolt on our hands and a pandemic that might in fact destroy the fabric of western society. These are reasons to be cautious. However, thanks to an overwhelmingly inane class of young investor, we are instead entreated to Flintstone tier analysis and subsequent rallies. Ergo, I am nothing, if at all, a slave to conformity and I can do it better than everyone else. Indeud.
I am 35% long, 5% short and 60% cash.
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Seattle abolished the cops in a neighborhood and they renamed it the Capital Hill Autonomous Zone. Seems pretty cool basically like a Grateful Dead concern without the Dead. But I guess some dude named Raz who pimps out hookers showed up with a crew and some guns and he’s basically the local warlord of the Zone now and makes all the rules so…
tell me the Raz thing is real.
If we crash from here we have to call it the Raz crash of 2020.
You go Raz. Who would have thought Trumpf had time to mentor a protege what with spending 4 hours on twitter and 6 hours in front of a mirror everyday.
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Long as the number isn’t getting stamped on my head or my right hand. Or should I say injected via an array of micro needles?
“Good. Good. He’s not aware of the micro needle injections.”
I shall bask in the glory of today’s win on GRUB. I feel for whomever sold me their calls.
/ES short triggered at 6:25 est
The Fed has no choice but to print more. The amount of debt being issued by the US Guvvy is being sopped up like gravy on a biscuit by all those freshly minted Ben Franklins by the Fed. The liquidity will soon be dry, if not already. No forewarning will be issued to the Robin hoodies, they’ll buy the dip and their stimulus check money will go to straight to money heaven. Aaaaand its gone. Don’t bet against the pros for too long, they’ve been around the block, they’re sitting in the tall grass waiting to kill the Davey Day Traders of the world, aka the emotionally invested.
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When the distribution is complete and the plug is pulled on the fantasy, the exit will not be made comfortable.
I wonder if the carriage will turn back into a pumpkin.
I was early long in March, so foolishly went short early last week. It was not the loss but juicy gains I missed last Fri&Mon. Redemption now. My portfolio is the same but in reverse, lol.
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