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Strategies & Market Trends : John Pitera's Market Laboratory

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From: bull_dozer9/8/2020 2:43:53 PM
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"Lost Like $4 Million In A F**king Blink" - Barstool's Dave Portnoy Hammered On Tech Rout

Well, that certainly escalated quickly, as the Nasdaq, and most of its highflying mega-tech components, are absolutely puking, as SoftBank's Masayoshi Son's massive "gamma squeeze" appears to be over and options dealers are likely dumping hundreds of billions of dollars in delta hedge tech stocks they don't need, resulting in a market swoon where unseasoned Robinhood traders are experiencing their first taste of red days in six months.

No other than Barstool Sports' Dave Portnoy, the market's crazy genius, able to whip 1.8 billion Twitter followers into a day trading army that jumps from stock to stock, told his followers Tuesday morning some very troubling news that suggests his first daytrading rule of "stocks only go up" might not be entirely correct as the Nasdaq nears correction territory.


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