As I stated earlier, today turned out to be really terrific, in stark contrast to my expectations. After the close on Thursday, I was also relieved to see that Apple’s huge price pop was completely zeroed out, and now it’s just flopping around. I guess maybe people have stopped upgrading their iPhones every week.
In addition, the other big tech report was from the world’s worst-named company (KLA Tencor), which is puking all over itself. Now that I think of it, Fifth Third Bancorp is probably an even worse name, but there ya go.
Lord only knows how Friday will turn out, but I’m really like the shape of the /NQ so far.
I’m also liking the fact that virtually every short position I had took a tumble on Thursday, including Alex “my hair is insane so I’m a genius” Karp’s Palantir.
Random gripe: what’s with the Treasury Secretary? In the past, you hardly ever saw the person in this post, but goddamned Bessent is showing up EVERYWHERE, including with this person Nicki Minaj who I guess is some kind of fag hag now. In any case, the dude clearly loves the spotlight.
I ended the day rather exultant but only medium-aggressively positioned. I am at 113% commitment level. As an aside, I do have one “mad money” account with a substantial UVIX and FNGD position that, yes, I actually retained this time. We’ll see if that is a catastrophe or victory tomorrow, eh?
