Josh Brown has been watching an optical stock all year. Not some of the year. All of it. January through September. The chart looks explosive, which is a word people use when a line goes up at an angle they find sexually arousing.
The company makes optical things. Lenses maybe. Fiber optic cables. Glass that bends light in profitable ways. Does not matter. Brown thinks they are positioned for a secular change, which means a trend that lasts longer than his attention span but shorter than the heat death of the universe.
Secular change is the phrase people use when they want to sound like they understand macroeconomics but actually just noticed a line going up. It is different from a cyclical change, which is when a line goes up and then down. Secular means it only goes up. Forever. Until it doesn't. Then it was cyclical the whole time and you are an idiot for not knowing.
Brown kept this name on his list. His list is not a napkin or a Google Doc. It is a List. Capital L. The kind of list that implies research and conviction and definitely not just a ticker he saw on CNBC that had good momentum.
The chart looks explosive because it is shaped like a rocket or a hockey stick or some other object that retail traders use as a visual metaphor for wealth they will never possess. Explosive is a technical term meaning the stock went up and might continue going up or might not. Analysts use it when they have run out of words like strong or robust or firmly positioned.
Somewhere right now a guy named Derek is liquidating his Roth IRA to buy calls on this optical name because Josh Brown had it on his list and the chart looks explosive. Derek will lose everything by October. The chart will still look explosive. Just in the other direction.
Photo by Waldemar Brandt on Unsplash
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