|Day Low/High||91.76 / 94.13|
|52 Wk Low/High||80.48 / 171.09|
One day, either the Modern Monetary Theorists will be right, or the fiscal hawks will prove correct. Count me with the hawks.
God save the U.S.A., as the market and economy seem way out of tune.
Plus, a look at Dollar General and Peloton Interactive, which both disappointed with their announcements on Thursday.
Let's look at Support.com, NFT craziness, Dell and others reporting Thursday, as well as the Invesco QQQ.
Just one more thing. - Lt. Columbo After a disappointing EPS release and weak guidance from Peleton , I am covering the balance of my PTON short at about $99. I am taking PTON off of my "Best Ideas List (short)."
I could be wrong, but as far as I can tell, nobody else is telling the story about the sudden movement in these yields.
Let's look at this 'real money' indicator -- and the top 5 insider purchases by company -- amid the August action.
I am pressing - offering slightly above last sale - to add to the following shorts: , , and .
* To summarize... Some of my shorts mentioned recently include Carvana , Krispy Kreme , Netflix , Peloton , ARK , Tesla , and bonds.
I view CRCT as similar to Etsy and as a long-term play with significantly more upside than current analyst price targets.
After covering a bunch of and yesterday - I am back shorting at $123.80 and $324.74, respectively.
IBM beat expectations and the complexion the overnight mood changed. But will the mood change hold?
In many respects, the Monday's action was a rerun of the standard COVID trade.
Given the rapid and sizeable drops in airlines, autos, cyclicals, financials, energy-related, etc., a lot of the expected correction I have anticipated has likely occurred. With S&P cash -80 handles today and nearly 120 handles lower since Thursday...
I have received several emails about what individual stocks I am short. Some of my present shorts include Carvana Co. , Peloton Interactive, Inc. , Krispy Kreme, Inc. , Bank of America Corporation , several peripheral cryptocurrency and cannabis p...
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. * ...
Wedbush downgrades its rating on Peloton Interactive and has a $115 target price. I view PTON as a core short.
* Treading slowly as I build up a (small) net short book * I am often wrong and always in doubt For reasons mentioned daily in my Diary I find myself, today, nearly at the polar opposite of the bullish cabal. That election is based on fundamental a...
* Tops are processes (bottoms are events) * Investors are remarkably complacent - with no one, save Perma Bears, looking for a meaningful market decline * The market silliness is now deafening as the (motley) fools rush in at the end of a speculat...
My investment conclusion and strategy is to sell in June for the anticipated market swoon.