No, that was all closed EOD. I gave back a third of my earlier gains. I am down $150K or so on marks. Was down $220K earlier in the day. We've been discussing the chunkiness of the MTM and how it's being gamed. I went out yesterday with a MTM on my GOOGL position that was a solid 2 handles under a realistic vol mark and is now 3-4 over. So the mkt is buying var (wings) and the sell side is marking it down at the close. I've never seen anything like it in an orderly market. I remember when I was a kid and Saliba was covering short flies and a guy was yelling to him to make a market in a fly, and his response was, "all 100-wide flies are $5 bid!" It feels like that but the mkt isn't moving.
Well it creep'd right up to $87 yesterday. $83.80 now. Lets see what happens from here. Lots of chatter on other venues about the whole PlayStation thing. One could say (as a contrarian) there's too much hype, too crowed of a trade. Could be wrong though, everyone loves it. That said, there's rarely anything new in this game. So it's not over yet, it'll probably climb back up. Put a 7% target on the upside. 90ish. Then bail. Watch that $82.50 level though. If that falls on the wrong day... its heading back to the mid to low $70's.
https://www.tomshardware.com/news/amd-big_navi-rdna2-all-we-know It's not likely to be the game changer that Ryzen was, esp in light of the lead that NVDA had in the space. We'll see, but it looks like end of October.
Hey speaking of Saliba, do you know how to get a hold of his book Managing Expectations? I’ve searched for it on and off all summer and not having any real luck. Ty.
I will take a look. I haven't heard of Tony since his move to Colorado(?). http://downloadanybooks.com/?book=0997577800#
https://kcls.bibliocommons.com/item/show/1714602082_managing_expectations King County, WA. Bellevue. They have a few copies if anyone is in the area and can borrow it and scan a copy.
Not that book, but 2 Tony Saliba books Go to https://libgen.lc/ Search "Anthony Saliba" Download by following links to the right
I have it but it's 14mb, can't upload it here (4mb max). you can download it off scribd if you have an account. Or I could email it to you @deltaf0rce it’s also on amazon
@destriero I remember you said you were mentored by Saliba when you were younger. That’s cool and all... I mean he’ll do if you need a mentor in a pinch... but he’s no Jeff Bishop. He’s no Kyle Dennis. He’s no Tai Lopez.