Wednesday Oil stock strategy successful, partially offset by Gold/Silver miner weaknesses. Taking profits now on several positions.
Ken, did you short the Tech? I shorted the Gap after playing RBLX almost halfway kind of perfect. Today, its a conspiracy to break all the Reddit traders I heard.
It's a mixed market; none of these recent moves are large in the bigger picture. For example, HXE ( Cdn capped energy ) has gone up more then QQQ has gone down today.
Not sure, Inflation plays getting crushed on forced selling. I bought 500 LPX at $64, TOL $60.7, LEN $97.7 CROX $101. AAP $202 BKD $6.90, SWN $4.9 TGT got filled at $203, III $4.90(Yesterday)NCR $45.9 ect.. Forced selling of good stocks to pay margin it feels like. Sorry for doing this to Ken’s thread, need to post on my own picks instead of invading Ken’s space. He’s pretty cool as long as we are not cut and pasting from SA or Benzinga.
Yeah post away, interesting.... 240pm et I just tightened trailing stops on UVXY etc... nice day! Will get heavy long UVXY SQQQ SRTY SOXS SDOW SPXS tomorrow if they keep going up. Booking early profits now
FLWS 500 $30.75 average, AEO $34.20, TPR $44.50, LB $65, bought TOL $59.5 using proceeds from UPST short-puts for RFP $14.15. Been holding bulk in cash waiting for a collapse like this. ETH @$28.10 and HVT got some $42 ave.