I’m used to it by now. Get one day of a downturn, a follow-through the evening that follows with wipeouts everywhere, and by the time you wake…………zilch! There was a huge reversal last night, and even post-earnings AMD, which was getting smashed, is fighting its way back (although it’s still down for the moment).
The big victory for me is AXON, which is I think the biggest per share wipeout I’ve ever enjoyed. Last week, I mentioned on the air that my strongest “conviction” trade was AXON, and I’m glad not to have egg on my face with this one.
The permabulls aren’t scaring me. The market has shifted, and as the /RTY neatly demonstrates, irrespective of overnight reversals, we’re in slide mode now.
I’m going to simply keep adjusting stops as needed and looking for new opportunities, as always.
Time to walk Duke!
