Month: May 2022

5 Times The Media Screwed Up While Reporting on Elon Musk’s Twitter Deal

Here’s what a typical buyout looks like on a stock chart… Typically after a deal‘s announced, the stock price jumps to the buyout price. Then it continues to trade in a tight range near that price until the deal is complete. And here’s Twitter’s (TWTR) chart… Notice the difference? There is no tight range…  And …

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5/6/22 The Great Bull Trap! And What 1970 Tells Us…

News: Wednesday’s post-FOMC rally was wiped out in the first hour of trading. Yesterday the markets resumed their freefall, the Nasdaq was the worst performer declining 5%. Earning losers got hit the hardest. Most notably, Wayfair (W) lost 26% and Etsy (ETSY) fell 17%. Technicals: The put-to-call ratio is still oversold. That’s day 11 now… …

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