Anybody Buying Yet? Where’s the Bottom?

[Sytes]

I played INTC... Bought naked $80 Dec 18. Needless to say, My "hobby account" evaporated! I should have, could have, would have, but didn't place a few Puts to counter the IV crush. and it CRUSHED my account into thin air, laughing along the way! Haha! hind sight? Wipe out! Haha!

Time to work some overtime, replenish my beating, and see IF I might have learned something...

 

[Nick87]

Read and watched a few things about AI bubble probability this morning, thoughts?

 

[SAJ-99]

Yes, probably mini bubble. You have as good of view as anyone. Let us know when the future projects aren’t mostly
Data centers. Maybe investors are seeing a reduction in earnings growth for AI names and reevaluating what they were paying for that growth.

This looks like normal pre-election reduction in net exposure by some larger players. Result is long exposures go down, shorts go up. Some rotation into defensive- HC, RE, Util, ConSt. It could all reverse next week regardless and of election result. Just no one wants to be caught with their pants around their ankles if some crazy stuff goes on.

Can’t explain action in metals. Happy to listen if anyone has a theory.

 

[Nick87]

You have as good of view as anyone.

Yah but my view is only one sample region. Which also seems to be very data center friendly.