this latest leg up is a crowding move v rates. re-arranging the deck chairs next week. bought some 126 weekly puts, albeit a touch early. Might roll this out another week. love apple hardware & the physical design approach, the rest of the company has issues & regulatory kinks, they rule that app store with an iron fist, which can be perceived bullish because facebook is putrid on that comp. that said, loving a company's hardware doesn't make it a good investment. looking for an entry at least 8% below this level when everyone in this move runs for the exits.
Comment:
this thing has ripped 11% on lame-to-bad news without a damn retracement. f ing astounding. Macro picture is higher input prices, sustained inflation and yet the greed pumping ensues. Sucks to eat this trade, but what also sucks is chasing a baked-in picture of the S&P in only 6 trading session outpacing the 2021 forecast for US GDP.
Going to sit on crypto cash interest at 6% and watch this head fake market finally come face to face with reality. A little too early in the trade. Sure as hell not buying into this tho I know that much. Tight stops. Cheers.
Going to sit on crypto cash interest at 6% and watch this head fake market finally come face to face with reality. A little too early in the trade. Sure as hell not buying into this tho I know that much. Tight stops. Cheers.
$129 putz