Exited TRQ but remaining in its shorted put, and took some medicine
But TSLA behaving well, along w/ DRD, so all very good
Shorted more TSLA, by shorting calls, and put in a fire break, by long less-but-closer-to-money calls, to play the bounces, and for the first time started shorting the shares directly, a measured quantity, all attention on the upcoming battery show & tell, to short more thereafter, for the market is TSLA and the TSLA is the market.
Am perhaps overly short TSLA, but relatively safely, I believe.
In the meantime am paying attention to the piped piper of RobinHooders, and keeping in mind the important chart, in case the past is the future
zerohedge.com
"I'm Over-Leveraged..." - Watch Barstool's Dave Portnoy Sell Stocks Into Close
The US stock market lost ground in the late Thursday session, as technology stocks lost steam. Robinhood traders tried to buy-the-dip in the morning but were monkey hammered from 10:00 ET and beyond. The short-lived rally on Wednesday trapped newbie traders into believing a "V" shaped rebound was imminent.
With the E mini Nasdaq down nearly 2% at around 11,181 level (at the end of the day) - none other than Barstool Sports' Dave Portnoy, the market's crazy amateur-genius, told thousands of viewers on his live Twitter stream around the 13:20 mark that he's "over-leveraged again" and that, if he doesn't sell by the close, his broker will force him to "write checks".
"I'm overleveraged, so something's gotta be sold," Portnoy said.
About 5 minutes to the U.S. cash close, Portnoy told viewers that he lost "$150,000" but said, "it has been a good day... because PENN has been a monster."
Here's the video:
Shhh, don't show Portnoy this chart...
And maybe stocks don't "always go up"?
Sent from my iPad |
