On a percentage basis, this is my second-best performing short (second only to EZPW). I’m just crazy about this analog. I can see much, much lower prices ahead.
Sigh. I’m feeling sentimental, so I thought I’d put up some bear porn and share the first ten minutes of the Nightly Business Report from October 19, 1987. A similar drop today would be about 4,000 points off the Dow in a single session. These days, a 1% drop in the market causes the government […]
I’ve touted Pier One many times as a short idea (recently, here) since the analog was so breathtakingly good. May I present to you an update of my goofy idea:
Firstly, I apologize for the length of my post, but I have a lot to say…thanks for bearing with me! Further to my last weekly market update, here is a summary of where money flow ended for Week 4 of March 2012. The Weekly charts below of YM, ES, NQ & TF show that YM […]