this rental turd is leading the transports
reffing a pretty lopsided game here. the buyers have been absolutely crushing the sellers, but we're seeing some sanity at this latest wave, albeit just a glimmer of fear come back in.
it's likely all bot driven at these levels, have to think the fund managers are on early vacay ahead of the crowds, working on their tans, sleeping in, getting room service delivered to their suite overlooking a white sand beach while their autopilot fund flows head straight into this pile garbage that's somehow worth more now than before the pandemic whilst leading the entire transport sector. Let's put aside the fact this fleet is quickly becoming obsolete as new legislation in the future will send 1/2 their assets to the scrap recycler in favor of EVs, and while that nightmare manifests itself, TSLA will be dumping a taxi service onto market that won't require AVIS to negotiate as a middle man to get you and the groms to Disneyland when you land in the OC, CA...
Sitting on a May 21st 72.50 Put. Adding another at the-money if the SPY tries for another candle up to ~430. All greed & no fear - or simply being asleep at the wheel - or both, will get your head handed to you.
it's likely all bot driven at these levels, have to think the fund managers are on early vacay ahead of the crowds, working on their tans, sleeping in, getting room service delivered to their suite overlooking a white sand beach while their autopilot fund flows head straight into this pile garbage that's somehow worth more now than before the pandemic whilst leading the entire transport sector. Let's put aside the fact this fleet is quickly becoming obsolete as new legislation in the future will send 1/2 their assets to the scrap recycler in favor of EVs, and while that nightmare manifests itself, TSLA will be dumping a taxi service onto market that won't require AVIS to negotiate as a middle man to get you and the groms to Disneyland when you land in the OC, CA...
Sitting on a May 21st 72.50 Put. Adding another at the-money if the SPY tries for another candle up to ~430. All greed & no fear - or simply being asleep at the wheel - or both, will get your head handed to you.
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running a time-based fib on this...chart woirk for once might actually make me a buck or two here, or at least pay for the pricey subscription to tradingview
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sold out of my short position, will watch this turd try to beak out of it's pitchfork for another melt up and reassess next week. f ing thing is bulletproof. SMH
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pimp daddy j pow support at 74.39 👌