|Day Low/High||106.09 / 110.88|
|52 Wk Low/High||53.15 / 137.98|
While I covered my Apple and Tesla shorts at attractive prices on Friday (see Comments Section on that day) I plan to re short both names on the next market rally. Here is my Apple short thesis. Here is my Tesla short thesis.
The August upward momentum is fizzling out, and here is why.
* A river is generally easier to channel than to stop. * But these are not typical investment times. * Given the unusual nature, artificial/distorted conditions (fiscal and monetary policy) and outside influences -- SoftBank (I am short), David Port...
Plus, an early look at third-quarter earnings expectations and an admonition to heed the words of Arthur Cashin.
Masayoshi Son, the man behind the Softbank Group, has orchestrated a trading strategy that has helped push call-option trading on U.S. tech companies to US$335 billion per day.
The correction's selling pressure was intense enough to cause a washout and produce a snapback rally.
Whether or not TSLA is the key to this market, I see a tug-of-war in the company's shares that can be used to your advantage with this technique.
As the startling slide on Nasdaq continues -- despite better-than-expected jobs numbers -- let's look at what's really going on and how to position yourself.
This covered call strategy is an effective way to navigate an overbought market.
The correction on Thursday was overdue; the issue now is whether rotational action into some new leadership will develop.
Plus, picking up dinged shares among Thursday's wreckage in the tech sector.
What happened Thursday was that the extremely overbought big-cap technology stocks finally shed a bit.
Let's wait and watch what the newbies do, but for now all the price tags had been raised so much that this action hasn't made a difference.
But despite my great respect for the Oracle and BRK's strong chance of a come back from 2020's setbacks, I never owned Berkshire stock. Here's why.
"I am going to write a good Diary on Real Money Pro today... and I am going to help people. Because I am good enough, I am smart enough and doggone it, people like me." -- Daily Affirmations with Dougie Kass Today's Affirmations is about risk happen...
I have moved back up from medium sized to large sized in my and shorts (that was quick!). As mentioned earlier, I added to my Apple and Tesla shorts this morning (I previously added to Tesla in the last two days). Flexibility, thank you Stan Dr...
* Self-effacing, charitable, direct, competitive, smart and honest -- I admire Druck more than almost any investment manager I have met over my four decades of investing. * Was the covering of a portion of my index shorts Wednesday my "Druckenmiller...
Plus, reading tea leaves in the recent action in Apple and Salesforce.com.
This can't go on forever, but failing to take advantage of the current action would be a mistake.
I'm essentially out of anything meaningful here. I'm not equipped for the players at the table now.
There still are no major warning signs that a turn is about to occur.
Questions to discuss in the Comments Section: Apple (short) was my Trade of the Week. Berkshire Hathaway is sitting on a more than a $70 billion unrealized gain in Apple. While Warren hates to pay taxes, suppose Berkshire announces that it is parin...
The response to GeForce has been overwhelmingly positive.
Stay focused on your individual stocks and manage them closely.
Apple paves the way as pessimists were expecting a reversal that isn't happening.
Speaking of parabolic, Apple joins the Nasdaq in an almost vertical move: I have added to my Apple short at $134.10 this afternoon.
What's most interesting about this market is how market players continue to hunt for entries despite all the warnings and negativity.