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Today was absolutely fantastic. It started off with me waking up to the news that my team had totally fixed our technical issues, and then it was a blood-fest in equities! Beautiful!
Here are some of my very best recent selections of which I’m especially proud. In honor of the Chinese New Year, I’ve chosen an auspicious quantity of eight.
(more…)It’s an absolutely terrific day (working website, plunging market, grey skies – – what more could I ask?) Earlier today, I went long BITI in a big way (again, but this time with an attempted pledge to stick with it). This is the fund which is inverted to Bitcoin’s price path.
Well, I saw this one, but I didn’t bounce. I noticed SLM had an amazing head and shoulders top last week, but as a relatively thinly-traded stock, I didn’t drag it to my Bear Pen. Well, it’s doing precisely what I figured. Oh, well!
Microsoft, as a $4 trillion+ company, was considered invincible. Led by their indecipherable CEO, they were seen as a giant for the ages. Well, times have changed. In the span of merely four months, they have lost 30% (!!!!!!!!) of their value, destroying $1 trillion in shareholder wealth.
Importantly, the stock even breached a major gap (see arrow), illustrating that the only thing holding this thing up is hope and vaporware.
Today is going GREAT for me. In spite of the permabullish website Zerohedge harping on and on about how everyone should BUY software since it’s been so battered, the entire sector is still getting glassed. I’ve got options that are up 40% today alone based on this. Importantly, the Dow 30 – – which Pam Witchy-Poo Bondi destroyed with her own screechings just ten days ago – – has shattered its trendline. Bombs away!
