As Corning’s Shares Shatter, the Buying Opportunity Is Clear
Corning is in disaster mode today. But should it be? Let’s looking into the report.
Profitably Out of My QQQ Long
I have sold out my $QQQ trading long rental (up nine dollars from the day’s lows) for a profit at $676.36.
I plan to add back in weakness.
Position: None
The Screens Look Worse Than the Breadth
Ugly action in technology is dragging down names that have nothing to do with AI.
Space(X) Out
I have covered the balance of my SpaceX ($SPCX) short at $111.80.
SpaceX is trading under $112, down from my short at $213 and its high of $225.
I value SPCX at about $70-$80/share (as I noted at the time of the IPO).
My view is that the Musk/Tesla/SpaceX cult (as they did with Tesla) will maintain a premium to my fair market value for some time to come.
That premium is now about 50%, which is much less than the premium Tesla has maintained over time.
Positions: None.
This Consumer Stock Is Bucking the Trend. Here’s How to Trade It.
With staples stocks stuck in the pantry, this one is beating the sector and market, and serving up compelling risk-reward.
SpaceX Cover
I am bidding slightly under the market to cover more SpaceX ($SPCX) (trading under $110).
Position: Short SPCX VS
Our Small-Cap Drone Name Faces Opportunity After DoD Ramp Up Report
Though shares on under pressure on the news, there’s no long-term concern.
SanDisk Update
My cost basis on my ($SNDK) trading long rental is $1,169 (well below last sale!).
Positions: Long SNDK S
MSOS at … $4.20
Added to MSOS ($MSOS) at $4.20.
Position: Long MSOS VVL
Tweet of the Week
Positions: None.