Just when you thought markets were assembling to rotate into value, seeing TSLA down 8% and KO +4%, a wide pastiche of fucking SPACs broke loose.
Admittedly, I am fully long these SPACs, positioning for more degeneracy.
My booked trades so far.
Many of my other positions are LOWER due to rotation — but I’ve been making some of the losses back with well timed day trades. See pal, this is the difference between you, and a person — such as myself. I went into today with cash and will leave with cash — always prepared for eventualities. Markets offered me lemons, so I made lemonade. That’s what winners do. That’s what The Fly does.
Before I talk too much shit, I must remind myself I have a mind numbing amount of exposure to all of the highest valued stocks in existence — the worst values to ever hit markets since the Carthage Exchange peaked.
I’m also short oil, so there’s always that to fall back on.
Breadth is a tepid 53% and morons are buying KO. I do not believe we are ready to roll over just yet. Perhaps I will be proved wrong and lashed across the face with a leather strap. Or, perhaps none of that shit will happen and I will sell my SPACs for handsome profit.
Either way, it’s never a dull day.
NOTE: Trades are not given to PLEBS here anymore, for they are reserved for the gentlemen inside Exodus only. EXCLUSIVE ACCESS!!If you enjoy the content at iBankCoin, please follow us on Twitter