Toss a Coin to Make it Interesting

by Rick Ackerman

Stocks continue to mark time, giving up almost no ground as DaBoyz, with infinite patience, await the news that will ignite the next short squeeze. We’d intended to short the 250.43 target shown in the chart ourselves, assuming it was ever reached. The rally that was supposed to get it there is at five weeks and counting, and while this is not a record for how long it has taken for a stock to achieve an easy objective, it certainly deserves an honorable mention. If another dull day draws to a close, presumably with a modest final-hour frillip, and you are uncertain about whether to take a position over the weekend, I’d suggest flipping a coin and doing the opposite of whatever instruction it provides.

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