I sure am feeling better about the day ahead than I was twenty-four hours ago. Back then, I was having to brace myself for goddamned Micron and its earnings pop. As we can all see, the thrill is already gone. Anticipating the panty raid is more fun than reminiscing about it.
It seems silly in retrospect to consider how worked up I was about the opening bell on Thursday. In the grand scheme of things – – or even the short-term scheme of things, as shown here on this week’s /ES chart – – it was just a blip. Jeez. Get a grip, Tim.
The blip stands out a lot more on the /NQ chart, and I deeply resent Micron for blasting me out of some perfectly good positions. I now officially hate this stock and want it to die.
The whole obsession with semis and memory is getting ridiculous. Even the permabull site Zerohedge is getting totally arcane. I mean, seriously, does anyone want to read this stuff except for IIEE PhD candidates?
As pissed off as I am about yesterday morning, I at least had the presence of mind to short South Korea by way of EWY. I am delighted to report its balls are getting smacked repeatedly with a pickleball racket.
My Bitcoin short continues to thrive, as we’re into the upper fifty-thousands now.
And Michael Saylor’s laughably-named corporation Strategy is quickly becoming the FTX of our day, as this piece of crap has lost 30% in just the past few days, generating an 85% loss since December 2024, back when everyone was jizzing their jeans over the fresh election of “the crypto President.” Uh-huh.
Anyway, let’s go kill some bulls today. God knows they deserve it.
