Orange Monday - Addendum
Yesterday, the European Open wasn’t looking good:
The Dax opened down c.11% and the Nasdaq futures were indicating down c.6%
At that moment, I had to take a step back, think through and make a call. I ended up buying a bunch of stuff in Europe as well as DAX futures, while writing “Orange Monday” at the same time.
By the end of the day, the DAX rallied +12% and the Nasdaq rallied 11% from the lows.
Writing helps put my thoughts in order. In times like these, I’d like to feel that sharing these thoughts in real time may also help a few people, or at least make them laugh.
At the end of the day, this is a Parody Publication where the Memes show us the way. And boy did we get Memes yesterday:
Cramer called for a Black Monday!
Ackman was crying on Twitter, which made us call for an “Ackman Meme Bottom”™️, in the same way that we called for the “Ackman Meme Top™️” back in February 19th and gave thanks for our Puts🙏 (that was pretty much THE Top btw). Now we give thanks to Bill for the long swing🙏.
“Buy when there’s Blood in the Tweets” came into play too, with Bag7itis sufferers openly crying for their mommy, as the Margin Clerk tapped their shoulder.
Putting it all together, the Force was strong in these Memes so the bounce was bound to be Epic!
