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FB real bad coughing up. The issues: Loses daily users for 1st time…over 1 million. Young people leaving in droves. Competition for eyes…tik-tok and others. More more towards video…tougher to monetize. Goes from a growth stock to a no growth stock. (for now?) Very over-owned, over-loved, over-leveraged by institutions. This is great in bull markets…

The counter-trend rally continues. 2 days in a row a jam at the close. Bombed out high beta growth/software and all that strong day yesterday as they have been verrrry stretched to the downside for a while. Sentiment extremely bearish late last week. Another up day and they may be already bullish. Reed Hastings bought…

Monday’s gargantuan reversal after the NASDAQ dropped a whopping 14.5% in less than 7 days still holds sway. The NASDAQ had dropped over 19% to Monday’s low. We can never predict reversals but as always, stated mid-day Monday that after such a harrowing drop, with bearishness spiking big time, there was that opportunity. Since, those…