|Day Low/High||13.40 / 15.25|
|52 Wk Low/High||5.26 / 72.62|
In the heat of battle, when the influence peddlers have the upper hand, it isn't easy to get traction refuting a story that makes little sense.
As we enter a new year, expect the fast and furious moves to continue in volatility and options volumes. But this factor will make the difference for those looking to make money.
The broader market had a very tough go of it in 2021, but you wouldn't know it unless you do some digging. From Reddit and Diamond Hands to SPACs and a stealth bear market, it's been a wild ride.
* I have little conviction in this afternoon's violent rally "Nothing like price to change sentiment." - The Divine Ms. M. I read the same people you follow on Twitter. I listen to the same people you watch on Fin TV. They are emboldened (and bu...
The fact is that some blood hit the floor on Monday.
Those that came to the support of David Portnoy as a stock picker and those that endorsed illiquid, valueless and speculative gewgaws and meme stocks - like standard bearers and - should no longer be listened to. I couldn't be more direct.
Today's markets provide an immense challenge to money managers, like myself, who actively sell short. On one hand, shorting the Indices (as I have had unprofitably done in the past) exposes a short seller to the massive and unrelenting flows going...
Let's review areas that are hot, those that are not, and how to position though January.
My investing program and process have been boring over the last few months. But I'm being rational in a bubble that grows daily.
* A lengthy period of easy money has gotten everyone drunk again * My investing program and process have been boring over the last few months * But to me, I am being rational in a bubble that grows daily * "Aerosmith's music is still playing" as the...
Tesla's CEO steals some of rival Rivian's IPO thunder by asking the Twitter universe to decide if he should sell 10% of his Tesla shares.
Chances are that global monetary policy tightens considerably this week and that the U.S. will not be the primary driver.
"Wookin' pa nub in all the wrong places..." - Eddie Murphy, Saturday Night Live Before I deliver my opening missive I wanted to emphasize and repeat some important lessons recently learned. Regardless of one's market view - more on this in my op...
The problem with trading a name like DWAC is that it sucks up a lot of energy.
New Buy (and Short) 'Levels' * My revised levels I don't want there to be any ambiguity about the size of my positions, or about my buy and short levels, as I strive for as much transparency as possible. This column is a continued commitment towards...
I just booked profits on gewgaw shorts - and - now at $174.60 and $37.10, respectively. Too much of a distraction - as became tag ends.
I am covering some more GameStop , AMC and T Rowe Price Group . I have a one-hour research call, so I will be on radio silence for a bit.
* Sized appropriately! I am short (small) GameStop and AMC at $190.25 and $40.20, respectively.
Here's why the bold ones who buy into the moment of ugliness get to score, but only if they follow this advice.
I took a small trading profit in my short gewgaw trade - AMC and GameStop .
Don't get caught up too much in percentages.
I am short a very small amount of ($52.10) and ($205.40), respectively. Emphasis on "very small." But I want these worthless gewgaws on my sheet.
There are not one but two things at work with this company and this stock.