Vogi Stocks

Market is at all time highs🎉

July Opex is tomorrow. If a lot of people are short still we could see that pressure getting lifted tomorrow with the effects of it showing in markets on Monday. Supposedly markets at new highs keep going because there’s no resistance so we’re about to see how true this is.

We’re just going to be cautious of the ten year rate, but so far have been seeing a bullish narrative on tv and social media so just going to go with the flow and try to spot opportunities where they show themselves. With random stocks squeezing just remember to not chase the hype, and if youre not early then you’re late.

Starting with Opendoor technologies then came Kohl’s. We saw others like ocean power technologies and Kirkland’s. Starting yesterday and mostly today we got Krispy Kreme and GoPro.

It’s not just the meme stocks though. Some other names are also experiencing minor squeezes from earnings like Thermo fisher and Lamb Weston.

Reason: hedge funds were buying cheap puts as SP500 hit all time highs. Rate cuts are expected, or at least a positive announcement about them in August/September fueling expectations for cheap debt borrowing by companies that have lots of it. These are mostly penny stocks or dying companies that have a lot of short interest. All this together, retail traders are looking for these heavily shorted companies with a good well known name and/or strong narrative to attempt a squeeze.

This environment gives the most control to retail traders out of any envirinment in the stock market. Therefore, while Reddit…