It was quite a strange morning. The leaves were wavering a little harder, the fallen leaf flew a little further out, and most important of all, my eyes were bombarded by flying tiny debris such that I had to squint to see what kind of wind was blowing my way…
Being in a twilight state of consciousness, the winds formed into the shape of an animal… and the horns looked familiar… OMG! they were bull’s horns. The image was like a slow motion replay of a bull stampede scene you saw in Lone Ranger movie. Because they were winds, the bulls ran right through me as if I was merely a shadow of the nearby tree. From my vantage point, I could see the burned mark on one of the bull. It was branded at $INO.
The gust of $INO was getting ready to stampede! I immediately checked the price. It was printing over $1.30 by the time I checked the screen. I could sense this move had a malevolent tone and the desperation in the price action was quite palpable. Without hesitation, I clicked on the buy button again, again, again, and again. The fills were completed in a stair-step fashion with each fills higher than the others.
Then I wait.
Price action did not falter. Not only did price action take out the yesterday high, it took out $1.50 resistance. And for that, I added more.
By day end, the gust of $INO has taken my position to $1.68.
The interesting part about my hitching the gust of $INO today was that I was just getting off the gale of $NUGT. $NUGT’s gale had taken me for a ride from the bottom of the valley to the top of mountain where I could see the $100 roll dangling outside my reach. There were magic involved for I had started off at low $5.xx at the beginning of the ride. Out of nowhere, the ETF master flipped the wand and I was seeing $98.xx! As I reached out to the $100 roll, the gale suddenly dissolved into a tepid breeze and I was left standing at $89.6x. So much for the $100 roll.
Without missing a step, I’m now riding the gust of $INO. How far can I ride this gust? Will it even head in the same direction tomorrow? I sure do hope so. I could feel the energy. I could hear the crying. I believed they were the cry of the shorts being squeezed.
Holy Cow! The Gust of $INO might just continue to fly straight ahead on the back of the short-squeezed runaway… YEOWWWWEEE! “The pain! The pain!” uttered the shorts…
My 2 cents…