Hey Freddy how's it going. I see you had a busy day again.
I have covered a daytrade short position after that pop to 26.50, but the remainer sticks for the endgame. And with BBBY, that will likely take a while! To cover here would run against my mindset that we are spiraling into a deflationary depression. It's all noise until the singularity, man! Are you prepared?
Yes, I'm prepared. I don't think we are anything close to a depression however. I'm very excited to see a discretionary business such as Apple put out such great numbers and, this is the optimistic part, they are seeing much more clearly into this year than they had just last quarter. To me, that's a sign of the beginning of a turnaround with the consumer.
There is massive support above 24. Also, did you see the volume spike on the buy side when this hit 24.35 today? You may get another chance at testing that low today but if that happens and forms an intraday bottom, the support level even gets stronger.