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This is the kind of chart that warms my heart: I’ve long held up Albermarle (symbol ALB) as a splendid short position. Just look at what it’s been doing for weeks. Almost every single day is a lower high and a lower high. Not even that swine Yellen can stop a beast like this.
Well, once again, here on ostensibly perma-bearish Slope, I had evidence of offering up a long idea that, in a matter of weeks, doubled in price. I’m referring to Affirm Holdings (AFRM) which, last month, I wrote this post pointing out the completion of its bullish pattern. I’ll follow this up by saying I think this 100% pop is pretty much all the potential I think this pattern has.
PLEASE NOTE I composed this post before today’s “micro crash“, and considering how AFRM got nuked, yeah, I was spot-on both up and down on this one.
Only for the eyes of paying members……….
My ceaselessly mentioned bearish ideas on energy, even short-term (like this morning) continue to do well. I see Exxon is pathetically (and, in a perfect world, criminally) screaming about how they’re going to buy back tens of billions in their own stock, which is the ultimate form of self-dealing scheming. It isn’t helping. The energy market is recognizing how dead the economy is going to be next year.
