Good call
I did end up selling vxx today for a small loss as soon as I saw SRNE drop below $8. If it wasn’t for having to enter in my damn password I would have got in under 7.80. But I went bigger this time and snagged another 2000 shares at $7.97. I actually made out positive so far today. But I’ve been working pretty hard trying to time things right with only minor gains. I want that big 10+% day again and it just seems impossible right now no matter what I do.
I think SRNE is going back to the high $6s though. But I’m hoping there will be a delayed head fake tomorrow morning before it does. Hindenburg did the same thing with aphria. Right when everyone thought they were done, the bottom looked in, then they came back and took another 12% completely unexpectedly right after people started buying back in. And they did it gradually a few times just like they are doing here. I hate playing stocks that Hindenburg has it out for. But man, when the bottom does come in, all the shorted shares start to cover like wild fire. But I don’t think these guys are quite done yet.
Anyhow, I’m starting to look at some over the counter plays in Europe. I’ve heard big money is noticing the market is topping out and are looking to take advantage of some beaten down European markets.
Good luck this week....hard to believe it would get worse....
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