You enjoying this madness, Slopers? Up, down, up, down, and around and around we go. Absolute insanity, based on nothing but rumors, innuendo, and hearsay about a deal that will never happen and is absolutely meaningless. We are card-carrying members of Bizarre-o-World. Welcome!
I am “batting a thousand” this week, and if I can nail a profit tomorrow, it’ll make the first solid week of pure profits since Millard Fillmore was in office. We shall see. I am short 52 positions, all but PRU and WYNN profitable (losses for each are 0.1% and 0.5%).
Mercifully, I have nothing to do with Ameritrade, which is roaring ahead this morning thanks to being bought out by Schwab. Interestingly, the chart is still very technically friendly, as we mark out a new “lower high”. It won’t matter, though. This it just another public company that’s about to vanish as a tradeable instrument.
