Just when I thought I’ve seen it all — BBBY out from the sewers rose 50% and AMC is en route to $100 — because why the fuck not? Short squeezes happened all over the fucking place. I played many and came out of the market around noon due to prior engagements +215bps. But many inside Stocklabs made 10%+ — thanks to stocks like CLOV, KOSS and various other stocks of low quality crucifying shorts upon the altar of stupidity. The dumber the stock — the higher it went.
This bodes ruinous for hedge fund managers who still like to hedge. Those hedges are now BLOWN THE FUCK OUT and their alpha thru the roof. During the first spate of GME gunning to $400 — there were deleterious effects upon the market. There will blood and the ramifications SEVERE for portfolio managers readying their cocaine supplies of summering at the Hamptons.
I closed out 60% cash, doing well and feeling fine. If the volatility continues, the tools I created in Stocklabs will cause me to make a great deal of money. I hope for more squeezes and nothing but pain and agony for billionaire hedge fund managers. However, I am not naive and understand this is window dressing for the truest move yet to come and when it comes — plebs will be racked with losses.
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proper thing. amazing how coincident China meeting the quality we want to its being withdrawn. the stuff they make is going to them now. hoo haa. good luck with the inflation and maybe grab some stuff beforehand.