And the overwhelming Majority of them without even have to look are up an insane % from the late october lows, with gaps all over the chart. Take CUBI for example. It has three gaps on the chart. The stock is up 85% from late october lows. Let me say that again. 85% in about 2 months. Is now the time to buy?
How about BCBP it was up from 9.25 or so late october to basically 13.25 today. The quarter wasn't even that great in my opinion.
I could keep going it is rampant up/down this list. These things are up 40-50-60% even more in two months. I ask you again does that sound like a time to go long. Heck even things that cut guidance and warned are up from there late october prices. If that doesn't tell you it is frothy nothing does. Almost evey chart you look at these day has 2-5 gaps on it since late october at the bare minimum some of them are gonna fill. You keep quoting me PE's. But when stocks are up 50-60-70% in a short period of time and left gaps all over the chart, the indexes themselves have left gaps all over the chart, and some of them are trading absurld waaaaaaaaaaay above there 50 day moving average like you may see once or twice a decade. I ask you again is that time to get long. Maybe I'm wrong and this thing will have a blow off top like none other. But make no mistake what is going on with parabolic moves everywhere won't end well. The question is when? Clearly if I had that answer I wouldn't of brought so soon the short, but with the divy to be fair the SDS is down less than1% from where I brought it, so I'm not that far off right now. But time will tell. All is just my opinion, and I could always be wrong though.
AI
