In my latest quest to stack paper I am doing the dastard deed of buying into the pump. The idea, in essence, is that your absolute best performing stocks are undergoing some draconian pump campaign wherein the first is paid fat, the middle can extort some juice, and the last is stuck holding the bag.
Being first requires monk-like patience to sit through several consolidations and hope the gods bless you with a mind-bending surge of order flow. Being in the middle requires little—a quality bit of software perhaps. To be last you must cast objectivity aside and fully embrace hubris which will have you imagining all the moneys you’d make if your perverted fantasies play out. LOL
As long as the Russell does the money dance (holds onto its breakout), I am of the school of thought this uncomfortable means of earning a buck will flourish.
In other news, the Nasdaq did in fact close the gap bears cracked open Friday morning. That gap has been filled with all the trimmings of a Thanksgiving dinner.
If bulls can sustain 4396.50 it’s going to be a long-A week for shorts.
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