I write to you from the confines of Fredericksburg, the last true bastion of Confederate glory. I was driving all day so I was unable to partake in many of the shorted squeezes. It all started with BBBY and then it spread of FUBO and also REAL, which I was able to snag and still hold.
The common denominator in all of these squeezes is they are consumer facing piece of shits. I have no idea if this means this is the end of the recent rally. As a point in fact, the more bearish I feel the better the market begins to look.
We’ll take it day by day and reserve predictions for morons. In the meantime, let’s enjoy the market in front of us and extract as much as we can while it’s offering us volatility.
I was up 75bps for the session.If you enjoy the content at iBankCoin, please follow us on Twitter