Who here remembers the 08 crash? GM shares DUMPING to 0.37. That was a golden opportunity for me. This ticker could go sub 100. It could go to 2000 before the end of the year. That's what hype, trends, speculation, and trading on emotions do.
I was there when FNMA and FDMC Fanny and Freddy had shares owned by the government, while investors sued for legal rights to losses and lost in... 2015? 2016? Regardless, it was may or June of one of those years, but I road it down from the top. 6.16. Watching the order flow get crushed by 1,000,000 share brick by 1,000,000 share brick. 1 penny at a time, after the verdict was reached. It was gutt wrenching, and obvious manipulation as the government liquidated it's holdings from the bailout after the 08 crash. That was housing institutions. It happens on all tickers across the market. Some MM's are much much smoother in their plays, and after the DotCom bubble blackrocks AI algorithm, Alladin, handle it all much smoother. Don't believe me? They publicly sell access to their trading AI. It's been real for 20 years. We crashed in the entirety of 2022, but it was a slow and steady decline, so no one will call it a crash. Algorithms have been doing what Blackrock wanted. Limiting the cliff dives in selloffs. 2023 we bounced back. I called that bottom on Jan 3rd 2023 and the top when Nvidia earnings hit last summer. This traded sideways. Losses had to be booked to negate taxes for institutions. There's always an angle to market plays.
Like Monday, ok so the candle is a clear and evident bear symbol. If Monday is a sell-off, it'll be an even worse candlestick. But Nvidia speculation (feeding the MM enough cash to shut them up and get out of the way) might reverse it. They're hungry little cusses. If we go below 834 I'll ride this down and hedge with some puts, but any downtrend won't last long. Wherever they want the bottom to be we just ride it back up. Still got reserves in the tank and excited to see how far they can push this.
