FNGU +127% since called 3.5 months ago, +149% at high
Two weeks ago of tech I stated:
i26, m18 still looks like a bear market rally. I wouldn’t be surprised with another 20-30% upside before it peaks, and if that happens soon I might short the sector.
i has since decayed to 15
As noted previously my FNGU had already been reduced to 1/4 the original dollar value, with big profits in pocket.
Today I closed the FNGU position entirely.
FNGD is the inverse of FNGU.
I’ll short big tech, with leverage, via FNGD once it crosses above $20.35
No stop.
As of this writing, it trades at $20.00
Tesla remains a good long term short, one of a great many “meme stonks” and popular “green” delusions still flying far too high on speculative hopium.