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All the stocks in my portfolio that have been up because of the rise in tele-working are down hard today. Docusign down 10%, Zoom 16%, Teladoc 11%, Square 6%, OpenDoor (IPOB) 5%. I think this is stupid on the part of the market.
Hey all, im back! I knew this would be a much calmer and happier place after Nov 3rd. Now......$TSLA can rise to the $480 - $500 levels where we belong
All the stocks in my portfolio that have been up because of the rise in tele-working are down hard today. Docusign down 10%, Zoom 16%, Teladoc 11%, Square 6%, OpenDoor (IPOB) 5%. I think this is stupid on the part of the market.
Oh yes, because once businesses realize that it's safe to resume to their previous higher fixed costs (auto-commuters), those smart businesses will immediately put the kibosh all work from home... /s
And the vacine's months away, wide immunization likely 6-9 mths (if the vax'ers even get it).
Cleared $452......next stop? I feel like our chart has been narrowing to the point where something needed to break much lower or much higher.
As volatility and volume dramatically increase, short covering and delta hedging return. Hopefully we're in a real nice self-sustaining multi-week churn.