Really not happy with how slowly the overall market is fading here, spammers and stock promoters are feeling the pain, as are we short sellers—those of us who strangely like to short into strength, not weakness at least. Good news is I remain all cash, watching all the developments…waiting to punce…waiting for some signs of panic…at least then, I might do some dip buying as it could just be easy $ (keeping a cool head during wartime leads to medals of honor aka solid risk-reward profits)
NAPS got taken over by Best Buy who wants to look cool and cutting edge, 700k subscribers, still loses $4mil/quarter, shitty business, but sometimes it’s about eyeballs…this is why American is going down, only here do consistently money losing businesses mean anything…in Japan management would’ve committed suicide for their failures long ago
COIN crapped out right at the open, pre-market in fact, no shares available to short anyway, actually rebounded nicely before failing due to overall market conditions…definitely not because their latest PR was lacking hype, they are true hype master, Jim Blackman is a PR god, actually’s got suckers to believe in their shit!
ATEC quickly spiked and dumped, too quick for my taste, that’s what happens when there’s NO big winners on a given day, shorts get restless and pile into anything like drunken guys at a bar hitting on an ugly girl before last call
APWR is in freefall, good, the scumbags deserve it…if we get some true panic—ideally signel digits—might a decent bounce play for $2+/share, that’s one potential angle
FNET dropped predictably, but the drop was right at the open on few shares…gotta be early sometimes or risk not getting in at all.
QCOR breakout failed, turned out to be a good short, I’d never EVER short that pattern, yes, it ran up too quickly, but it’s a confirmed breakout, dip buyers might do okay here, not for me, especially in this potentially catastrophic market…will be watching for further breakout over $6.75 as buy signal to the mid $7s or low $8s on short squeeeeeeeze
AIG was down big, good for quick scalps, not good for TIMalerts, actually useless for TIMalerts, by the time you got any message, the move would have been made. Gotta raise $75 billion today or go bankrupt Wednesday…would truly be a multi-year mess if this thing dies.
MER got acquired by BAC, yeah right, no confidence in that deal, was pressured by Fed. Everything in finance stinks.
