General Motors has slipped nearly 3% this morning, which is a good step in the right direction.

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General Motors has slipped nearly 3% this morning, which is a good step in the right direction.

In addition to the eight “survivors” I mentioned in an earlier post, here, in a different account, are five live short positions. At this point, a full 40% of the account is in cash, as the mayhem that commenced on September 11th (fittingly………) has completely rattled me.

After a very rough week, here are the positions that survived the onslaught in my main account. These are all long put positions expiring no sooner than January 17, 2025.

Below is Nabors Industries (NBR) which looks primed to fall from its most recent topping pattern, as it did the last time.

As the sanity and calm of the evening hours are upon us, we can reflect on our economic data instead of the cocaine-induced lunacy of Thursday’s session. I present to you FedEx (FDX) which is plunging to the same price it was in……………December 2020. Yep, almost four years of revenue and profits rendered moot.
