PREMARKET

This is your early early pre-market.

The big story is that famed hedge fund billionaire Bill Ackman s completely out of his Valient Pharma stock after riding it down from over $260 to where it is today. We are always amazed how so many are making fun of this man for losing so much. This man has been brilliant throughout the years and is a billionaire yet many rip him and make fun of him…goes to show you there are no friends on Wall Street but a lot of envy. We feel terrible for him as well as his shareholders and somehow think he will make a ton going forward. But seriously, one must use this as a lesson. If a man this smart and successful can lose that much, no one is immune. So stick to a sound discipline. We only wish we were in Mr Ackman’s ear as we would have told him the stock had two major breaks off the top during the week of 8/21/15 and then 9/25/15. That was a huge sign that after a long run, something was up.  It never saw the light of day after. We wish him luck in the future and hope he makes billions more.

Futures are down but not much…and actually not seeing much moving early early. We will be out most of day so do not expect anythingin the way of posting today. Be well up there in the Northeast.