Today was an absolutely superb day (and it might have been for you, too, if you’d just sign up for a premium account and land some of my winning ideas!) It is getting superb-er after hours, however, for a couple of reasons. The first is Advanced Micro Devices, which is the big report today and, as with PLTR yesterday, will help inform tech stocks about how stupidly overvalued they are.
More impressive is my short is AXON, which is doing an absolute swan dive. Everyone figured Trump would just jizz billions of dollars all over these guys, and they pumped the stock to $885 in August. I shorted it last week, and although the short was already profitable, it is absolutely collapsing after-hours on an earnings wipeout. The Trump jizz couldn’t save it.
As of this moment, it is down something like $150 per share.
Whereas last Monday (October 27th) I was extremely light with 13 positions and a 40% commitment level, I have amped that up to 27 short positions and a 150% commitment level. Out of the 27 positions, 27 of them are in the green (some of them heavily so), and this is having tagged the highest levels in market history not even a week ago.
Not bad for a dumb old bear!
