Rotation into Value and Also SPACs

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.

(RIOT -9.1%)
(APPS -7.7%)
FEAC +6.3%
SPAQ +5.6%
TRNE +7.1%

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!!

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