No need to acknowledge for integrity purposes.. just stating what I did... had more to sell up to 60... buy limit cover 2251.25
BA seems like the poster child of financial engineering run amok. IWM $169 to $97 in under a month. The bear raid for the record books.
I told you weeks ago we were looking at institutional distribution...about a dozen "floors" back. At some point it will be over and will rally and you will say you were right all along
How can you say keeping losses small after you have been piling up losses +100 pts almost on a daily basis? Basically you bought the absolute top and keep holding the biggest move down ever in history. And I will start to worry if one day you don't anticipate/expect/'see' a big move up coming soon. And of course your track record makes arguments to support your call unnecessary. I truely and honestly sometimes wonder whether you are playing a game in this journal where you make opposite calls and have fun laughing at us for not realizing this. Someone fading your calls would be up +1000 pts in 2 weeks.
What's really good about this "crisis" is that we have uncovered the unacceptable supply chain. This will all be corrected after this is complete. The country, market and economy will be much much stronger in due time.
BS. There's nothing wrong with the supply chain at all. People made runs on stuff because they think they are going to be holed up for a month. Do really think Walmart, Target, Kroger, etc who spent billions in software, logistics, and automation to maximize just in time delivery and have turned it into the most well orchestrated ballet of all time, are gonna warehouse a bunch of inventory? Do you know how much that costs? Guess again Izzy. That's never gonna happen. Now... maybe pharmaceuticals if what they say is true. They need to be made here. But that's it.