Stock du Jour -- PTPI
CXAI Short Squeeze Video Replay, Stupid Kid Shares National Secrets in Discord, Old Jag, Stunning Tran (not Trans)
PTPI 0.00%↑ did 181,000 trades and 342 MM in dollar volume … I swore I wouldn’t trade anything today after dodging disaster in the CXAI swing (it went to $69.47 this morning, my average was $5.16 btw), but ended up shorting PTPI just moments before it went berserk, giving me an instant max loss. At least I didn’t pull the stop or add to the loser.
I’m going to make some major changes since I haven’t made any money year-to-date and in fact have now LOST quite a bit of money (not including many tens of thousands in fees) … so I will go dark on Twitter and this stock du jour newsletter will become very brief with no links or GCCPs included (the only reason most people open it, ha!) for the next six months or so. Many believe that I will last about six days or six hours with this threat, but if they saw the size of the trading losses, they would stop laughing.
Spring is here, I’m going to try to get outside and lose my large trader gut (hard after 50, age, not waistline, though it’s close with the latter), and try to preserve what’s left of my precarious mental health. The weekend NDX post will keep going for my handful of paying subs whom I thank for their generosity.
Borrow cost was .02 or $200 per 10,000 shares.
Interesting Links:
Video Replay of CXAI 5AM Short Squeeze
View in 1080p… that’s about as terrifying as it gets if you are a microcap HTB short seller. I got out all in the 12s, should have been earlier but I overslept.
U.S. arrests 21-year-old National Guardsman for online intelligence leaks
Teixeira … worked as a "Cyber Transport Systems Journeyman," or an IT specialist … [media] traced the documents' earliest appearance to a defunct server on the instant messaging site Discord. "He's a good kid, not a troublemaker, just a quiet guy," Souza said. "It sounds like it was a stupid kid's mistake."
Stupid kid will go to jail for a long time, no doubt….
1958 Jaguar XK150
A real beauty… and Eleni ain’t bad either.