Is SpaceX the ‘Trap Door’ to a Global Tech Beatdown… or an Opportunity?
Here’s why it’s not a time to panic and my trading plan for navigating this weakness.
Tweet of the Day (Part Trois)
Position: None
Tweet of the Day (Part Deux)
Position: None
Tweet of the Day
Position: None
More Private Equity Woes
Position: None
Beware of False Icons
Position: None
More Early Morning Trading
At 505 AM I covered my $IWM short at $293.30.
From yesterday:
Things I Did Today
Here are today’s things:
* Shorted more IWM at $297.07.
Position: None
The Semis Were Up, but So Were the Number of New Lows
It’s simply not a good sign when the number of new lows breaks 200.
Late Monday Evening and Early Tuesday Morning Trading
* Covered the high-tech short basket put on Monday and covered half of my SpaceX short in the early hours with S&P futures -118 handles and Nasdaq futures -86
Dougie Kass
Covering part of my high tech short basket at 420am – including but not restricted to:
DRAM $70.26 (-$11)
SNDK $2051 (-$223)
MU $1099 (-$111)
Dougie Kass
At 439 AM , with S and P futures -118 handles and Nasdaq futures -860 handles I am out of my high tech basket short (including SNDK, MU and DRAM (ABOVE)
Dougie Kass
At 1045PM covered half of my SPCX short at $153.85 (shorted last week at $213)
Dougie Kass
At 1040PM covered a portion of my DRAM short rental at $75.97 for a quick profit.
From earlier:
DRAM Short
I have taken a small trading short rental in DRAM at $80.27.
Position: Short DRAM (S)
BY Doug Kass · Jun 22, 2026, 3:18 PM EDT
Position: Short SPCX VS
Short Range Oscillator Remains Overbought
The S&P Short Range Oscillator remains in overbought territory at 2.34% vs. 1.77%.
Position: None