|Day Low/High||65.00 / 71.63|
|52 Wk Low/High||9.84 / 175.00|
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...
* 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 that sort of disclosure. "Wh...
I was asked about borrow rates on Rivian in the Comments Section. I thought it would be interesting to make a list of stocks that I am short in which the borrow rate is over 1%: * 127% * 66% * 25% * 11% * 9% * 5% * 2% * 1%
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...
There is a place to speculate in most portfolios. It all depends on your individual risk profile and appetite. But speculation takes many forms: * In small-cap gewgaws that may blossom into beautiful flowers. * In (long AND short positions) in...
Digital World Acquisition Corp. is trading lower in premarket - to $58.90/share. That's down from $174 about 1 1/2 weeks ago.
Google search interest in SPACs has soared in the past week, reaching its highest level since February.
This serves the purpose of letting stocks rest before they embark on the next step in their journey.
In addition to the sharp turn in Tesla, other high-beta high PE names have lost their momentum.
* The markets are now FIGHTING THE FED as tapering will begin shortly * At the core of our bearish market view is the notion that inflation and supply chain disruptions will be sustained for a lengthy period of time * Market optimism abounds even th...
"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...
To be successful in this market right now, the key is to find the sectors that are working and focus on stock picking.
The good news is that this rotation and choppy action helps charts develop for the weeks ahead.
In particular, there are fresh pockets of speculative action, thanks in part to Donald Trump's connection with SPAC Digital World Acquisition Corp.
Plus, Snap Inc. disappoints with its guidance as Apple lets users opt out of being tracked by individual apps.
The problem with trading a name like DWAC is that it sucks up a lot of energy.
I am out of my Digital World Acquisition short. I should never have mentioned the short (see my remarks in our Comments Section). It was a lark that I wanted to watch, it cost me about what I will spend tonite for dinner.
The most fascinating trading is in Digital World Acquisition which is a SPAC that announced a deal with Trump Media.