Crypto Plays Soar; Growth Tanks

We’ve got a bit of a situation here, don’t we?

CRYPTO DERIVATIVE PLAYS, via ?@stocklabs_io? pic.twitter.com/na7yCo79c8

— The_Real_Fly (@The_Real_Fly) December 28, 2020

Due to the run in cryptos, ETH now above $730, we are seeing a generous run higher in crypto derivative stocks, 20-60% daily gains. On the other hands, everything else is crashing thru the fucking floorboards, except SPACs of course.

I sense this will continue for the balance of the session. There is an acute perversion in the market that needs flushing out. Ergo, I’ll be raising cash, playing what’s running, taking fast profits and losses. However, for my longer term accounts I am not concerned. These squalls come and go. If the market continues lower I’ll get to buy more at cheaper prices in January. My trading account, however, is a different animal and I’ll be micro managing it best I can.

Thus far, I’m up 1.2% intra day, hammered by 1.4% in long term.