Hilton Worldwide Holdings Inc (HLT)

* The reopening trade has not worked for the last five weeks * The steady drop in travel and leisure sector share prices accelerated noticeably on Monday Back one month ago I took the other side of Jim "El Capitan" Cramer's bullish argument about bu...

* Is it time to expect the unexpected? * Too much "group stink" and "first level thinking" has invaded the markets * As an example, just look at the shares of General Motors and Delta Air Lines - both have been the subject of near universal optimism...

After today's close there are only a handful of companies reporting, including Steris , Take-Two  and Trip.com  . Of the three, at least to me, the most interesting one will be Trip.com as it will not only confirm some of the comments in recent week...

I have covered my shorts in Disney , Hilton and Hyatt this morning.

A lot of activity today. A real lot. If you can't follow (which is understandable!) I am left with the following:  Longs: Verizon VZ, Bank of America , Citigroup , JPMorgan , Wells Fargo , , Shorts: Bonds, Homebuilders, Hilton , Hyatt , Twitter , Di...

* Peak speculation? * GME joins the parthenon of speculation previously reserved for Resorts International, Piggly Wiggly, and Volkswagen * We are likely getting close as grotesque speculation often presages a Bear Market * Intelligent and disciplin...

"Just one more thing." - Lt. Columbo   I have my hands full with quite a lot of business projects I am working on (including a new hedge fund).   I was actively trading -- before and after leaving my office this afternoon -- and I want to alert you ...

On the whoosh lower I have taken in half of my shorts in Hilton and Hyatt .  Will reshort on strength.  Now medium-sized.

* I find a record low number of stocks that meet my standards for purchase today * Book mark this missive! * Stated simply...   "You're betraying your whole life if you don't say what you think - and you don't say it honestly and bluntly." - Charles...

* I now expect an acceleration in the pivot from growth to value * As reflected by recent voting results, Americans are more in the middle of the road than at the extremes  In a market warning in Monday's opening missive I wrote:  "The Georgia Senat...

I have added to my and shorts today.  

* 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. "When the time comes to buy, you won't want to." - Walter Deemer "When the...

Stocks sold off hard from the early morning highs -- with S&P 500 futures about negative 45 handles below the best levels.   Volatility weakened and then rose, coinciding with the breadth reversal (something I was laser focused on this morning).   I...

I was out of the office on Friday but I was active nonetheless: * I sold out my iPath Series B S&P 500 VIX Short-Term Futures ETN long rental for a small profit. (Remember, VXX as well as leveraged ETFs are vehicles intended as a short-term rental a...

* I declared an audible and covered all my Index shorts after the close on Monday evening * I have often written about being flexible and opportunistic - I view last night's move as fulfilling my task of being flexible, and admitting that my short t...

Bought more (moved to large), shorted more , , and (moved to large) - raising my net short exposure further.

My hospitality shorts - and - are starting to roll over technically.

I have moved my Hilton and Hyatt shorts to large-sized.    

Yesterday I took a trading short rental in two hotel plays - Hyatt and Hilton :    Nov 16, 2020 ' 11:05 AM EST DOUG KASS Hotel California... Not Such a Lovely Place? "There she stood in the doorway I heard the mission bell And I was thinkin' to myse...

"There she stood in the doorway I heard the mission bell And I was thinkin' to myself 'This could be heaven or this could be hell Then she lit up a candle And she showed me the way There were voices down the corridor I thought I heard them say..." -...

* My continued mantra is less pontificating and more trading/investing * Considering a short in SPY and QQQ on further strength   * Breadth disappointing (negative - 1475 advancers, 1565 decliners on the NYSE) relative to +25 S&P and +210 Nasdaq * I...

* Yesterday may have represented a classic "sell on the good news" * While many were cheering about the vaccine news, I was waiting to sell, red tickets in hand * Some stocks and sectors had a great year yesterday * And some stocks and sectors got s...

* 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. "When the time comes to buy, you won't want to." -- Walter Deemer "When the ...

CNBC is reporting that in New York City alone, 34% of hotels are delinquent, and hospitality investment bank Robert Douglas sees more hotels at risk of closing.  We've heard quite a bit about the airlines over these last few months, but the hotel ne...