I’ll be a buyer when Dow hits 18,000. I’m calling the bottom.

Futures looking down few hundred right now. I hope for lighter volume tomorrow. But I expect drop to be huge again with at least two stoppages. Next week will be another 15-30% down as positive tests explodes. Then we will be below DJIA 18000, and that’s where I start dipping in toes.

Ackman is the worst kind of POS. Fearmongering to cause market panic, which his statements did, because he had substantial shorts on. I hope he got squeezed in the last 3 days as the markets rallied on the stimulus package.

Notwithstanding Ackman’s douche tactics I do think we are in for some big drops this week as the massive unemployment numbers and exponential growth of deaths will overshadow the stimulus package and the market will correct for this falsely inflated surge.

I also took a shot on gaming. Bought PENN (Penn Nat’l Gaming) on 5/15/20 at $19.44 a share. Today closed at $29.65. So I am up 52.52% in 6 days. But I hate short term capital gains. Haven’t sold yet but may regret that. Maybe it will go back up to $39 pre-covid level.