And now I know why i got my arse kicked with SQQQ a few weeks ago. Looks like there was some huge bettor (basically, some fund manager at an tech investment company called "Softbank" in Japan) made some really big bets on TSLA and AAPL to go upwards by purchasing billions of dollars on TSLA/APPL call options. As a result, TSLA and AAPL skyrocketed, but low and behold: last Thursday, it was known that Softbank was this big bettor and everyone else started to sell as soon as this information was disclosed. Why? Because one company singlehandedly tried to manipulate these two stocks in order to make billions selling into the buying frenzy. (read: ponzi scheme)
As a result, TSLA is down about 30% as I type this. AAPL is down at least 20%. The sad part with SQQQ is it's all about timing: Time it right, and you're up 35% in a few days (including today). Time it wrong (like I did), and you're down 10%+ in a week or two, and maybe more had I not activated the stops.
Other notable news:
* INO finally got a quick pump earlier this morning pre-market; even as high as 10%, but as I speak it's down -2% of the day. Folks, I hate to say it, but INO looks pretty bad. Really bad.
* TSLA is still getting pasted.. If you bought above $1300 pre-split, Lawd have mercy. Word is now out that TSLA did raise another $5 billion by diluting its own stock, and that was as of 9/4.
* Geez, what is worth investing in? I still like TGTX, but damn i'd rather have it cheaper if i can get it cheaper..
* LOL. GM invests $2 billion with NKLA, and NKLA goes up something like 50% premarket, but one catch: even after 20 mins of trading, it's up only 25%. Yikes. Whutta horrible way to start a morning. I guess these wall streeters are on to something: buy during pre-market, unload to the robinhooders when the market starts.