I’m having a fantastic week so far, so I might as well piss and moan about something to even things out: early last week, I got stopped out of my QUBT short. I guess their “earnings” (they earn nothing) report wasn’t so awful, so it popped higher and I took a hit. Ever since then, it’s been falling every day, since people are realizing that pouring money into quantum computing companies with zero revenues and profits isn’t so sharp.
The chart wasn’t great, I admit, but across the board I figured these quantum fantasies (including other stocks like QBTS) would fizzle out. My main mistake, I think, was shorting based more on a negative than a high-quality setup, so even though it would have worked out great in the end, I kind of deserved the loss.
