Indeed,
Perhaps former TSLA exchange will move to GOOG, FB, AMZN etc etc. soon.
Should make for wider kill zone.
Today's report:
Have learned that when lifeguards are off duty-- is best to stay out of the water. My pointy clickies, are no match for AI, flash-bangs, bot armies, etc. etc. Also have found corollary to this rule: entry welcome,, exits not so much.
Observation today was in order,,, and positioning for data crashes was better trade than picking off stragglers and head poppers.
For few trades I was able to get off:
Added more SBSW today. now cost basis @ 8.40. Am building this as a long term money fort. we shall see.
GILD go ahead scouts/extra crew members are getting star trek treatment at moment, am holding, may average or sell puts. Feel today was way way way over done, but still too early to tell. Am enjoying zigzagging. perhaps it can zigzag like TSLA
On other bum-rushes and relaxations:
marketwatch.com
Think it’s bad now? Wait a month, says hedge-fund manager Kyle Bass
Published: March 9, 2020 at 2:46 p.m. ET
Shawn Langlois
Hayman Capital Management’s Kyle Bass Getty Images for Vanity Fair
Kyle Bass, chief investment officer of Hayman Capital Management, believes “this too shall pass,” when it comes to Monday’s deep selloff — the Dow Jones Industrial Average DJIA, -7.78% was down more than 2,100 points — but he’s in no hurry to buy up stocks at bargain prices.
Yet, anyway.
‘If you’re asking for when the financial markets see peak virus, I think it’ll be about a month from now.’
That’s Bass talking on CNBC early Monday about how long this weakness will last. He said that until the results from the first round of widespread testing for the coronavirus infection are tallied in the U.S., he’ll remain in holding pattern.
According to the latest numbers, there are now 111,284 cases of COVID-19 and 3,892 deaths. In the U.S., 22 people have died, with 564 confirmed cases as of Monday morning.
At this point, Bass says he’s not buying or selling, instead he’ll just be watching “one of the most interesting financial collapses that we’ve seen in the past 15 to 20 years.”
However, he’ll be ready to pounce when the timing’s right.
“There will be some amazing things to purchase on the back end of this,” Bass said, singling out theme-park operator Six Flags SIX, -10.83% and the airline sector as the kind of investments that will get hit the hardest but also rebound the quickest.
Watch the full interview:
Meanwhile a trip back to the neighborhood from the sponsors:
sbs.com.au
Perhaps enthusiasm is oversubscribed at the moment:
facebook.com
However, am beginning to like this trend, work at home seems more feasible:
yahoo.com
Am pondering COST,,, given no time for movies and rubbing shoulders,, plenty of time for NFLX,,, on other side of spectrum, not so sure I want YUM,,,, etc etc. if I was hand-washing-obsessed. |
