Earnings season is ramping up! At this very moment, I’m listening to the TSLA conference call with Elon. At first the stock erased some of the day’s losses, but, evidently, Elon’s pessimist words about the Cybertruck put a damper on things. It is beneath the day’s lows as of now.
Lam Research (LRCX) is having an even worse time of it.
The one big winner is Netflix, which has been doing nothing but fall for months but is having a badly-needed bounce. Mercifully, I have no position.
As LZ pointed out, however, this huge bounce may be nothing but a new shorting opportunity. I’ll definitely be keeping an eye on this sucker at the opening bell!
