Here for the Fin Profile picture
Sep 15, 2020 5 tweets 2 min read Read on X
5G Fever is Here (1/x) -

Broadcom just happily bull flagging its way to new all time highs. Looks like it wants to keep going too. Image
same thing Image
was ripping right along until the market sold off Image
was on an earnings rocket ship and the selloff barely knocked it off track Image
Last nominee for the 5G Hall of Fame - Image

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More from @hereforthefin

Jan 30, 2021
A quick summary of the Hunt Brothers and Silver Thursday:

In 1980, after the Hunt brothers cornered the silver market, having accumulated approx 1/3 of supply via heavy leverage, COMEX created Silver Rule 7 which placed aggressive limits on said leverage. Prices began to fall.
Silver fell 50%+ in just four days (after increasing over 700%), leading to a $100M margin call for the Hunts. They were facing a $1.7B loss. The fear was that this inability to cover the margin debt would lead to brokerage and bank failures, and that spread through all markets.
Silver Thursday was on March 27, 1980. The brothers ended up being bailed out by a group of bankers extending a $1.1B credit line to bail them out. They were eventually convicted on civil charges, filing bankruptcy 8 years later.
Read 6 tweets
Jan 29, 2021
More reasonable thinking amongst the melodramatic antagonistic bullshit being spewed at a thousand gallons an hour on twitter right now
These explanations about the plumbing and real underpinnings of what makes a market work (especially w Dodd Frank) are thankfully all over twitter now, however most will skip right past and prefer to stay outraged at the “system” despite experiencing the best bull run ever.
Congress will drag the execs to a hearing, which nobody will watch except for a short clip of Elizabeth Warren (or whoever) asking a rhetorical question with the sole intent of making their victim look speechless, and all people will remember is that “Wall St fkd the little guy.”
Read 6 tweets
Jan 29, 2021
This is correct. There is no way to hedge the options they’ve sold when the market moves like this. Yes they may be at fault for taking on too much short gamma exposure, but this is self preservation rather than collusion IMO.

(Unpopular take I know)
The range of outcomes into the 1/29 option expiration when the open interest is so high and price moves hundreds of % a day is impossible to forecast or manage. It’s not just hedge funds it’s the entire system at risk.
Everyone is caught up on little guy vs Wall Street and missing the potential of what happens if the bookies run out of money
Read 5 tweets
Jan 27, 2021
If they rescue the 20d again (currently 3784 on $ES) then we might be able to consider this a stick save. Continue to keep hedges on IMO. I closed my $VXX calls, but still have $VIX call spreads and I added $XRT puts today. Still got some OTM $IWM and $TSLA puts running too. Image
That said I also bought quite a few dips pretty aggressively.
Flows Image
Read 5 tweets
Sep 24, 2020
Okay! Last bit of review for now; run through macro & futures.

First up, King Dollar - the f*cking SQUEEZE is on!

Holding 94 like a champ and sending shockwaves through the markets.
$ES 1hr - holding the VPOC so far. 3215 is strong support as that would mark a lower low and a bearish continuation.

But anything can happen...
$NQ completed the pattern repetition absolutely perfectly. Pointed this out last night and told myself if it rejected at 11175 then I would go short.

If it continues to repeat, bounce to 11k possible then down to 10600...
Read 9 tweets
Sep 23, 2020
struggling with the VWAP Image
Image
Breakdown Image
Read 4 tweets

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