In fairness, when they sold wb they saddled it with a ton a debt. But ATT is a special kind of company. One that really should never be allowed to do any future m&a deals ever again. Knowing them, they’ll be the ones to buy versant or discovery global at top dollar once it gets spun out of wbd.
Going into December, I expected a strong week 1, a slight FOMC “sell the news” shakeout for a couple days, and then rally into January. But week 1 was low volume and flat. So now I think either it was consolidation and we rally hard on a dovish FED, blowing off the top…or… Oct 30 was the tech/AI top and we are fucked. Anyone have any thoughts that aren’t insanely stupid?
Check out AI for the same. 100k OI across the next 4 strikes for next week. Pretty sus. Possibly could get a gamma squeeze with it being a top 10 shorted stock. But who knows.
Decided to pick up 1000 16c
It's been beaten down so hard that it has become a value play. Likely a big investor getting in for the value.
On top of this, a lot of software names as a whole have been bouncing back a bit. Likely way oversold from the AI eats software narrative that will take longer to play out than what was priced.
I can't even each out lunch by our office. Bring in food.
And I have Redditors and tech bros getting rich keep telling me I'm a lazy bum I should never eat out.
Instead of you know, addressing the affordability crisis and all of us feeling like we're consuming less and less while they take more and more:
https://i.postimg.cc/YSBX9RRh/top-10-income-consumption-Copy.png
But yea let's throw trillions more debt at the "miracle of AI" so we can vibe code homes and more "going out" into existence. Keep the market pumping so SPY can be 1000 soon.
today we are using a sonoran style guerrero tortilla, cacique chorizo, 3 eggs, and quesadilla cheese. keepin it simple but delicious. gotta toast the burrito of course, finish with valentina extra hot. iced americano to top it off as usual 👌🏻