
These Will Be 100% Accurate

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I seriously wonder about our fellow humans sometimes.

Yesterday you probably noticed that Starbucks (SBUX) went blasting higher. It wasn’t because of earnings. It was simply because they hired a new CEO. That news alone added $20 billion of market cap to SBUX instantly (which must make the ex-CEO feel really special).

Over a span of just over two months, Dell (ticker symbol – – I’ll give you a moment – – yep, it’s DELL) lost nearly 50% (!!!!) of its value. Over the past few trading days, it has staged a mighty rally. I would suggest this bounce is similar to the last time, both tinted in yellow, and will meet the same fate. What’s key is the price gaps, which I’ve emphasized with red arrows.

Out there somewhere – – anywhere – – I hope someone listened to me months ago when I pointed out ALB as a great short setup. I didn’t listen to myself, but I rarely see something so consistently hammer down with so few pauses (as opposed to having to flop back and forth in this insane market like we usually do).
