My oft-mentioned idea to short CBL & Associates continues to go well. The analog is just a beauty, and I believe this stock isn’t going to stop crumbling until it challenges the depths set during the delicious, marvelous, sticky-sweet lows of the financial crisis.
Good morning, everyone – – just a quick chart to start the day: Credicorp has a very long pattern, and its resistance line goes back for years. We’ve got close to it recently, and we’re starting to tumble away. i think this has a great risk/reward ratio.
I have been traveling since Thursday (I’m usually active enough that people can’t tell, so I didn’t make a big stink about it this time), but it is sort of like blogging with one arm tied behind my back.
Anyway, the retard-o-thon of the fake “market” continues unabated, although virtually all of my 36 shorts are profitable (they were 36 for 36 earlier in the day, but the idiot government-funded fucktards stepped in). Anyway, one of these shorts is Buffalo Wild Wings, purveyors of fried, sticky-sauced garbage to the grotesque American palate and our morbidly obese lower-middle class. I suspect they, like everything else out there, is doomed, sooner or later.
Have a nice day.
One of my financial shorts is none other than bailout queen AIG, shown below with scumbug who should burn in hell for all eternity Joe Costello. For the short-memoried among you, he’s the asshole who got paid hundreds of millions of dollars, while the stupid taxpayers (that’s us) bailed out this worthless firm to the tune of half a trillion dollars.
Lesson: cheat everyone you can, and cheat big. There ARE no consequences.
God is dead.
Semiconductors have been on a tear for years, particularly with cryptocurrency fever bleeding into the sector. One firm has absolutely exploded higher the past couple of years – Advanced Micro Devices – but, looking at the long-term picture, you can see a more troubling trend (if you’re a bull).