AI SUMMARY — Author argues the market is repeating the 2020 tech boom cycle, with identical narrative patterns (BB rebranding hype, meme stocks like NOK and SPCE rallying) replacing old justifications (cloud) with new ones (AI). Predicts we're between stages 1-2 of a crash cycle ending with bagholders defending losses.
| TICKER | BB |
USER | u/LTFitness |
| RATING |
BEARISH |
ENTRY |
$7.91
|
| POSITION |
421 sh
SYN
|
BOOK VAL |
$3330.11 |
| CURRENT |
$12.94 |
P&L % |
+63.57%
|
| CURR VAL |
$5446.90 |
P&L $ |
+2116.79
|
| TICKER | NOK |
USER | u/LTFitness |
| RATING |
BEARISH |
ENTRY |
$15.47
|
| POSITION |
215 sh
SYN
|
BOOK VAL |
$3326.05 |
| CURRENT |
$10.03 |
P&L % |
-35.16%
|
| CURR VAL |
$2156.45 |
P&L $ |
-1169.60
|
| TICKER | SPCE |
USER | u/LTFitness |
| RATING |
BEARISH |
ENTRY |
$3.24
|
| POSITION |
1028 sh
SYN
|
BOOK VAL |
$3330.72 |
| CURRENT |
$2.57 |
P&L % |
-20.68%
|
| CURR VAL |
$2641.96 |
P&L $ |
-688.76
|
I was confident that the market was doing well until I saw a DD today on how “BB was not a phone company and is now a security company” and is up 100%+ on the year…which literally was nearly an exact copy of posts about BB from 2020.
Reading it was like a fever dream, it just replaced how their software is the best thing for cloud services (the hype back then), with its the best for AI (the hype now).
We are reliving the tech/meme boom down to the exact same posts here…I mean NOK too? Virgin galactic?
- First come the DDs about fundamentals
- Then come the posts of gains
- Then come the posts of losses
- Then come the new DDs about fundamentals and how it’s actually still a great play (the bag holders)
Were somewhere between 1/2. I’ll see you all at 4.