Aug. 1 at 12:56 AM
$GLOB the situational awareness implosion this week was very telling, its surprising to see SO many IT services names in the short momentum basket... I get the bearish AI view... But all names? At this point is seems almost reckless.to be so concentrated.
Ive averaged down from 60s selling calls to lower my cost basis, the monetization of AI pods will be key to reverse this short momentum.. otherwise this is dead til.the narrative changes. Even the permabull (MS analyst) threw in the towel here with a
$50 target... I have to admit (since this is a sizeable position for me) my confidence has been tested.
Lets see what earnings brings