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Of Course They’re Plunging

Published 10/26/2022, 12:54 AM
Updated 07/09/2023, 06:31 AM

Anyone here who isn’t 100% short is dumber than even me. Why? Simple:

  1. My self-confidence is totally in tatters;
  2. I have sheepishly fled back to a 50%+ cash position;
  3. I have only 18 open positions;
  4. My account has been gang-raped over the past eight trading days

Thus, today was the PERFECT time to sell your children and put the proceeds into puts. I present as evidence what is happening at this very moment to these high-tech giants, none of which I have positions in (again, obviously)………….

Google Chart

MSFT Chart

TXNN Chart

Nasdaq Chart

Latest comments

Keep up the great work, always a pleasure to follow your articles. My confidence has also left the building along with a pile of cash! Technically speaking, none of the past ten days of trading made sense but again; probably it was never supposed to!... At least today is the day for SQQQ and some popcorn. Cheers!
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