Multi-Day Rally On Shi*%y Stocks

It FINALLY f’in came. The rally. I’ve been waiting for a long ass time for this type of reversal since the market has been slowly crashing for quite some time. Hell my cash was depleting so much, I almost had to ask my gf for money. Good thing I have my sugar mama

My portfolio up 50% in a day? Thanks to my SKF put option. I’ll take it!

So I sold my USO today since oil had it’s nice run. I’m ready to take profit.  Sold SSO also to decrease my exposure on the bull side a bit more.

Now.  I bought a 1000 shares of Citi Group (C) today.  “Why the hell would you do that? It’s risky as hell!”  You’re right.  It is.  But I have pretty good reasons why I bought into today’s strengths:

1) Citi had an awesome publicity today, true or not, claiming that Jan/Feb were profitable months.

2) When stocks gain on good news, it usually attracts investors and continue its rally for a few days.  Look at what happened with PALM with its announcement on the new “Pre” phone.  Went from $3.40 to $6.60 in 3 days.

3) Financials rallied for the two straight days despite a weak close yesterday.  Given how beaten up the financials were, this strength seems promising.

4) The new uptick rule that may be re-implemented.  Common, gotta love the government intervensions.

Citi so far ended 8% higher in after-market.  The pre-market is only slightly down.  Check back to see how I did!