|Day Low/High||36.77 / 38.39|
|52 Wk Low/High||33.40 / 52.28|
I had thought domestic travel would recover prior to international travel. I am not at all sure of that now.
I do think that the Fed is on the case. I do not think that the Fed is as late as so many seem to.
Big Tech has dominated the market action in 2021, but there are reasons to believe the worm could turn next year.
Market participants hear what they want to hear. This is what I heard. Here and here. Though little said was unexpected, the S&P Index rallied by about 90 handles from the day's lows following Powell's comments on monetary policy. I had expected a...
Very quietly, a number of reopening plays are coming well off of their lows - though the S&P is still near its low. Such names as , , , , and come to mind.
* What's to like? Very little.. * Though the averages have held up (thank you "Nifty Seven"), a look under the hood reveals a dismal picture of broken stocks and charts "Last thing I remember, I was Running for the door I had to find the passage ba...
The skies are clearing for Boeing, with multiple catalysts on the horizon.
I just covered half of my remaining and shorts. I can't explain the weakness in ViacomCBS and I have further increased this already large long position.
As a general observation, the travel space - transports and hotels - are just terrible. Look at , , , , , etc.
is at a low from the IPO and I have covered some of my short position. I have covered a portion of my and shorts.
- Shorting more Disney . Here is my short thesis. - I'm covering some short at $41.45 now. - I'm covering some of my short at $48.25 now.
There probably will be an intense period of market volatility that could stretch farther out than even I projected a couple of months ago.
* Bought and . * Covered and shorts. * Covered SPY short puts and added to short calls. * Shorted , , , , , , and .
Delta Air Lines downgraded at Argus from buy to hold: "While the company did not disclose the potential impact of the COVID Delta variant on flight demand when it last reported results, demand appears to have started to slow in early August, the an...
Here is a partial list of my (non-Index) individual equity shorts: , , , , , , , , , , , , , , , , , , and .
And even then, only if it seems that COVID is finally on the run, allowing for a second attempt at a full reopening of the economy.
Sometimes discipline trumps an opinion. And this is clearly the case over the last few weeks. I have taken down the size in a number of shorts - as I am obviously on the wrong side of Ms Market. This includes , , , , , , and . All are small-size...
Yesterday's new shorts - , , and - are behaving poorly... or well, depending on your vantage point!
These guys are aware that the U.S. was energy independent less than a year and a half ago, right?
I have shorted Delta Air Lines today. DAL was placed on my Best Ideas List at $48.82 in April, 2021. So, I am starting small as my entry point (around $41) may not be ideal. Here is my short thesis.
But remember I think it's all a snag and one that will be rectified in two ways.
The airlines still need a few days of running to get back to where they were only days ago, but I see a play in DAL.
A number of the shorts on my Best Ideas List are getting schmeissed today: * Tesla was placed on the List at $688 on 6/29/2021. Trading at $664 and down $5 today. * was placed on the List at $238 on 6/1/2021. Trading at $172 and down $7.70 today. * ...
If you are not in the market for a vehicle right now, inflation is right where the pros thought it would be.