Profits have shrunk from $18.55 million all the way down to $5.0408 million—more than half of the paper gains have been eaten away. Anyone would hate that feeling. $PEPE 's biggest position is Brother Sun. He didn't get into that batch of longs at 4114 particularly late, but the market just kept bleeding lower, dragging him down with it. I hear he got so mad he smashed his phone, and now there's talk that he plans to put his own money in to pump the market.

I'm skeptical about this. I really can't tell whether he'll turn things around with actual money or just talk, so don't swallow rumors as good news just to make yourself feel better.

I'm still holding my own long position. Haven't touched it. My target is still 502. If you're thinking of getting in, weigh it up carefully. If it looks right to you, get moving sooner rather than later. Don't blame anyone for not warning you if you're late—that's all I'll say.

Also, over at Nvidia, Jensen Huang announced he's stepping down as CEO. That news came even more out of the blue than $PEPE .