Dow Jones 10,379 -140.72 -1.34%
Nasdaq 2,265.54 -54.00 -2.33%
S&P 500 1,110.87 -17.28 -1.53%
Now that I'm not moaning in agony with every 10 bucks AAPL nosedives thanks to my contrary little money-making position in wicked VXX, I've been wondering ... Who the fuck is pimping us peon traders? Who?! The machines? Right. Who programs those tin beasts of evil? Maybe a couple of old banksters with a lot of time on their hands.
Damn bitches. Let us play, too, maaaaan ...
Epilogue, 10:03 am HST
Came close to selling half of my positions in AAPL and IMAX, but both ran up into the closing bell. Is this the bottom for AAPL? My view: it's 50-50. Can't ignore the buying pressure at 230-233. IMAX with a ridiculous slide going into Iron Man 2 premiere weekend. I would rather have sold half of this position, but it ran from 17 flat to 17.36 in the final few minutes. I don't have a (conspiracy) theory about the price. It will not be this low on Monday in all probability.
Didn't sell my hedge (VXX), which rallied back over 30, then sold off to the low 29 area to close. I expected to sell, but with all the chaos out there, it's a must-hold. I'd actually like to have more; it accounts for just 20% of my goodies. This will be a nice-to-meet-ya kind of weekend for investors and traders like me who are just getting to know this rocket. If there is any kind of resolution in Europe over the weekend, that provides fuel for AAPL and IMAX, and I will let go half or all of my VXX position.
However, if Europe barfs all over itself again, I'm riding the VXX train one more day.
As for the rest of you and your tech-wreck party ...
Stay focused and disciplined, and you could run the show one day just like this dude.
He would've made a great trader. You know it.
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