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You’re going to hit me across the face with a semi-defrosted slab of salmon, but I bought AMD puts now. I’m tempted to also buy NVDA puts, but I’ll refrain. These charts are even more damaged than they were at Friday’s close. I say again, regarding all my positions, I have closed NOTHING.
Ya know, I thought I’d be falling all over myself closing positions left, right, and sideways this morning. Want to know what I’ve closed? ZILCH. It isn’t out of stubbornness. AS I mentioned in comments, the bid/ask spreads are ABSURD, so I refuse to participate, and second, the charts are still damned good! So I’m staying put, so to speak.
May I suggest you consider joining me in one of the few stocks that still looks like it’s a GREAT entry price for a short? AON!
Let me state first off, both to you and myself, the least productive use of my time and emotional energy on this historic morning: checking to see the profits I missed by closing out any positions in recent days. The amounts are going to be huge, I already know that. But I also know that I’ve got ten bearish positions now, all of which were already profitable, which are going to absolutely rock when the market opens. So I’m going to break character and not engage in nonstop self-pity and self-recrimination.
I’m also not going to indulge in told-ya-so’s, not only because it’s childish and tedious, but also because I might just as well stand in the mirror and say the same stuff (see above paragraph). My suggestion weeks ago that NVDA would go to $96 seemed absurd. At this point, we have exceeded that formerly lunatic guess. And on it goes. My dark predictions are all coming true, only way too early.
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