I flipped bias too soon lads. It was last Friday morning. The summer looked promising and I rode the initial bear move down rigorously. After the short was covered I was full puffed chest, so I immediately flipped long. Then I went longer late Friday afternoon. Then I caught the worst case of the Monday’s ever in the history of bad Monday’s.
As a result, despite the Nasdaq being 400 points off the low, I am still about 75 points under water.
My only Monday morning horse, APP, old APPy, is down like 16% and just a consecutive reminder why I should stick to doing what I do best and outsource ‘stock picking’ to the Space Alien Magician and his robot brain trust.
I will take my loss in APP and I will ride my other longs back to glory. Today was all about sitting. I sat and watched my book churn lower while sucking down caramel frappucino and fish salad, the most addicting vice I’ve ever encountered.
Today ended up a neutral extreme up after we printed the opposite yesterday. That’s classic conditions for a short squeeze—a short squeeze that shall propel the Nasdaqari 75 points higher to bail out your boy.
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Godspeed good sir, and who knows, maybe ol APPy will give it one last go round the track for you.
I sure could use one more to GTFO