Markets closed down for the week, with the BNB500 index dragged lower by losses in the AMOY sector. Volume and volatility were intense as the AMOY egg count reached an all-time high of 15 early in the week, only to sell off quickly over the next few days.
The reason for the weakness? Coyote a-taxes. Sensing that the sector was overheated, Big Coyote decided to step in to Barnegat Light State Park and regulate the hot sector by eating two nests.
Sharp-eyed investors with good math skills, big calculators, or both, might be wondering why, if two nests were a-taxed by Coyote, there were only five eggs lost instead of six.
It’s because Big Coyote, for some reason, decided to eat only two eggs out of one of the nests, leaving just a single egg behind covered in some dribbled yolk from the two he did eat. Maybe the AMOY defended their nest (somewhat) successfully; maybe Coyote decided to tax someone with more resources than the poor Oystercatchers.
Despite their dire situation, Barnegat Light’s newest Oystercatcher pair, who lost their full nest, are considering a location change for their operations. This move could easily lead to a market recovery.
The other pair, which now has only one un-a-taxed egg, led by the banded CEO “A-65,” continues to incubate it, providing a sense of continuity and reassurance amid market turbulence.
Yet while that sounds good on the surface, this is bad news for the market as a whole. If A-65 had lost the entire nest to Coyote, there was a very good chance she would create a new nest with three new eggs.
But now they are stuck with just the one, which should continue to pressure the sector for the rest of the season.
Investors surveyed are still feeling optimistic about the future of the historic AMOY rally in Barnegat Light overall, with just a few bearish analysts believing now that Coyote knows the eggs are there, it is only a matter of time before he taxes them all, leading to a total market crash.
Whatever the case, only three things in life are certain: death, taxes, and the fact that predators will eat at least some beach-nesting bird nests each season.
Oh my, so very well done.❤️