Juneteenth Bar
Three Words: Bit. Coin. Sucks.
I am already short IBIT and long BITI, but I wanted to highlight how precarious Bitcoin’s position continues to be. I dream of the day when this scam is worth just a few thousand bucks.
Palantir About to Plunge?
With all due respect to Alex Karp and his stupid hair, I think this preposterously overvalued company (which has already lost almost half its value) is getting ready to go into a free-fall.
An AXTI To Grind
Some of the “go up every single day” stocks (like Micron) are still pulling their stunts, but some of the former highfliers are, at long last, getting hit. Out of my 35 shorts, one of my best performers this morning is AXTI, which is down over 7%.
New Treaty of Versailles
Happy Juneteenth Eve, everyone. I’m not sure how much of your attention I’m going to get, what with the preparations and festivities and festoonery and whatnot, but perhaps a few of you are still trading, in spite of the big holiday looming.
Equity futures, such as the /ES below, have recovered a portion of the drop we’ve witnessed over the prior two days.
