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MTTR filled $23.01

FTFY

Which I also pointed out to Shonuff nearly a month ago. My bailing on travel plays in early Nov wasnt based on Omicron hard facts. It was knowing full well how the media and emotional investors would react to it. Here we are nearly 20%+ wiped off of some of those names since.

Twitter flirted with an all time low of ~$14 for nearly 2 years back in 2016/17. This price action is nothing now.

Fairly sure I explained this before. The biggest risk of Omicron is that the infectivity, however benign, will likely hit more than any other peak. There is always risk of further mutations / variants with any infection, but when the whole planet is spiking cases at once the mutations will...

I don't take this as any covid positive news. Just acceptance that they are trying to close the barn door after the horse had already bolted. They know it is already in community-wide transmission in Europe. The travel restrictions are pointless now.

All of the fun catalysts today. https://www.cnbc.com/2021/12/06/china-evergrande-shares-plunge-as-it-teeters-on-brink-of-default-.html

Just hit the wire. Tesla also being investigated by the SEC over claims about their solar panels. https://www.reuters.com/markets/commodities/exclusive-sec-probes-tesla-over-whistleblower-claims-solar-panel-defects-2021-12-06/

https://www.wsj.com/articles/lucid-gets-subpoenaed-by-sec-related-to-spac-deal-shares-fall-11638796852

TSLA <$1k premarket. MTTR down another 5% premarket. LCID down 15% pre. Overall, seeing a continued selling of the high growth, ultra high PE stocks. Boomer stocks continuing relative strength.

I get countless lawsuit notification emails / mail from stocks I trade over the course of a year. As Big P said, there are firms that solely just look to file class action suits and hope to bank on it. Ambulance chasers indeed.

Digging through stats, the covid numbers arent great. UK is almost back to Delta wave peak numbers already. South Africa quadrupled Omicron cases in 4 days, which is quite a feat. SA also reporting an influx in hospitals and particularly 10% of those are toddlers (no vax). If media starts...

Now the long weekend wait to see how much covid drama can get drummed up in the media.

The difference now is the 450 liquidity pool has vanished. There's nothing there to support it now. This isn't any crystal ball what's going to happen. Just showing some technical levels and the mechanics behind it. We could rip again into the close, only to dump again next week. The overall...

Broke that 450 level.

3rd time today testing the 450 level. Close will be fun. 100 Day SMA on SPY is 448.03, which would be the next support if we break. But hitting a panic low early in the week of 450, to bounce moderately strong, then sell it all off and break lower would probably panic the markets. Not to...

Bookmap showing that S&P500 support (SPY 450) I was mentioning. This is the bull / bear line in the sand for today. Essentially have double bottomed this today and earlier in the week. We could continue the bounce from here, or get some more covid news to spook a gap down Monday. Macro...

SPY just tapped earlier week low. Watch for the break below 450.

MTTR getting dumped. <$25

My VZ buy earlier this week to put some dividend exposure in my long term account (thanks @Sanrith Descartes) is up over 2%.

If the SPY gives up the ~450 level, this selling could accellerate. (previous panic low from earlier in the week)

MTTR had a nice buy level at $26. I was going to take it, but market is pretty damn weak. SPY / QQQ setting new lows right now.

Whole market selling. Of coure any puts print. :rolleyes:

DOCU tapping $140. Get paid.

Man, what a shitshow in China. I have a trader friend who lost 5 figures to DIDI at IPO. https://www.bloomberg.com/news/articles/2021-12-03/china-tech-rout-deepens-to-1-5-trillion-as-didi-emboldens-bears?sref=9HT8lz40

I know it was all fun and games, but JPM has downgraded DOCU to underweight with a $175pt, and UBS given it a $170pt.

DOCU just dipped <170. *edit* 165

#thoughtsandprayers

If DOCU doesnt reclaim 180, theres not much support below!

Recurring theme this earnings season. UPST was a double beat and revised Q4 guide higher and got absolutely crushed too.

Double beat and -20%

CNBC Halftime Chanos said their hedge fund is short WYNN at ~12:30ET. Maybe WSB to the rescue!?

Dip buyers getting gut punched this morning. Interesting dynamic playing out.

Dont forget we still have the president speaking today ready to add fuel to the covid panic. 1:40 PM ET President Biden Delivers Remarks on the COVID-19 Winter Plan

Their new chips in their MacBook Pros are unbelievable. They ditched Intel for their own silicon and the performance is staggering. On top of that, the power efficiency is mind blowing. That is a pretty big innovation, but we all know the phones and services are their bread and butter. They...

It doesnt help that the phone innovation has really kind of plateau'd a bit with the exception of slightly better cameras each iteration. Whereas the last 10+ years, every year the leap in phone tech was far more compelling. This is across the entire market. I still have my iPhone XS Max (2018...

:cool:

Someone check @Shonuff hasnt thrown himself out a building with his "all-in" travel stocks.

Confirmed super-covid in the US. (No shit, its on every other continent) Markets are whipsawing in panic. Do we buy the dip or do we run out of dip buyers and really get a pullback...

Travel all legging down with some travel restrictions to go into place tomorrow. https://www.bloomberg.com/news/articles/2021-12-01/white-house-plans-to-tighten-travel-rules-over-omnicron-threat?srnd=premium&sref=9HT8lz40