I used to preach this kind of patience, cause it's been a lot longer than a year. Guess I'm just having my thinking skewed by options ownership. Will mediate and regroup. Then buy more calls I guess.it's typically taken a week or two for the market to get out of denial mode after blowout quarterly numbers. the pattern's been the same every time for the last year or so -- big runup in the after-hours immediately following the report (which we didn't get this time due to Easter break), followed by an almost total walkdown over the next day, followed by a week or two of malaise, followed eventually by a strong linear runup as the obvious becomes increasingly difficult to deny.
This R0th Capit0l "upgrade" to $150 is the #1 trending article on the CNBC app. Jpm did the same thing yesterday with an "upgrade" to $175 or something ridiculous.
How do people not understand what's happening here? It just so happens that these two want to tweak their valuations right as markets open after blowout good news?
I sound like a noob. If I had no cash I could complain, but I do . May 21 $750c it is.