Meme stock strategy

no secret here... I mentioned many times.. the forexIG long short.

I mainly use the sp500... but the other ones are probably useful too... you see gold and bitcoin, the dumb money is very concentrated on the long side.

 

I am fixated on BRKB being a meme stock (very loosely, not in the same universe as TSLA) temporarily to the downside. Sold May 30 BRKB puts at $200 because I want to own it at ~$200. If I'm wrong, still made a little money.

 

BRK has jumped the shark.

 

Possibly. $200 is a little expensive for book value multiple but I want to own it for the bounce. It hasn't become meme-y yet. I think when the Heinz data hits, that's when it will have the "big move" which is biased to the downside anyway.

 

Look at BRK meme. I think I took the wrong side of the meme move even though I called it lol.

 

Adding $NLFX to meme stock list

 

$TSLA is going to tank harder than ever, shake the weak hands. When people on Twitter give up, go long.

 

I'm waiting on this leaked email to be proven fake. Viewpoint is this: if Tesla denies the email, stock will tank hard. If Tesla says nothing, it doesn't mean anything. If Tesla confirms, holy shit short covering...

 

TSLA sentiment is shifting towards giving up on social media. Thinking about some YOLO calls.

Will wait for another red day.

 

$NFLX is warming up for a move to the downside, will stalk some puts. I think it's about to get the $TSLA treatment.