Month: July 2026

Jaw4860
17m ago

Maxim #1 Why don’t you like annual targets ?RE : yesterday post .

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Dougie Kass
1m ago

the end of year is a made up point of time

to guess on price on a date in an increasingly volatile backdrop and setting of rapid rotations is a fool’s errand that implies a sense of precision impossible to achieve

it is a question, not surprisingly,  asked on fin tv in which a complicated mosaic is reduced to a overly simplistic condition.- to appeal to viewers.

price targets should be in ranges and presented based on pessimistic, base case and optimistic assumptions – and to then attach probabilities associated to each scenario

Positions: None

This comment has been updated.

The hearings are moving ahead in line with a bullish expectation that national adult recreational use will be moved to Schedule III (with attendant positive tax ramifications).

Meanwhile, Virginia has legalized recreational cannabis.  

And custodian issues are slowly being resolved.

I am using pullbacks like yesterday to expand my cannabis exposure on the long side. I even reestablished a MSOS position at $4.81 (which I will use as a trading sardine) and I steadily increased my individual  cannabis company positions (which I will hopefully use as an eating sardine — subject to prices).

More:

Virginia has legalized the sale of recreational marijuana in retail stores. pic.twitter.com/bUJ7zlj6Kx

— Daily Loud (@DailyLoud) July 1, 2026

Marijuana Companies Seek To Defend Trump's Rescheduling Move By Intervening In Opponents' Lawsuits: The cannabis businesses "will suffer direct economic, regulatory, and operational harm if petitioners succeed in vacating or delaying the final order."https://t.co/NGmKIOx5Mv

— Marijuana Moment (@MarijuanaMoment) July 1, 2026

Position: Long Cannabis

JGB 10yr Yield +21bps in a week will leave a mark pic.twitter.com/LsA9SiWMCZ

— Keith McCullough (@KeithMcCullough) July 2, 2026

Position: None

Yeah I’m sorry the only reason that NVIDIA is renting back its own capacity from neoclouds is that the demand doesn’t exist to sell it https://t.co/QXS0wVbkB1 pic.twitter.com/LXvgZCRhFX

— Ed Zitron (@edzitron) July 2, 2026

Position: None

* We remain short a basket of high-beta, high-tech equities that may benefit from questions regarding memory and semis, among other factors… 

OpenAI proposes handing Trump administration 5% stake

For over 1 1/2 years, in “More Tales”, I have been writing and warning about OpenAI’s financial risks:

"Sam Altman, chief executive of the ChatGPT maker, has argued that giving the public a financial stake in the company is the best way to share the upside of AI"

… actually, it's the best way to "socialize" the $1.4 trillion in unfunded commitments https://t.co/e7CkQdc9gh

— zerohedge (@zerohedge) July 2, 2026

"My company is worth over $1 trillion"

"You know what, I'll give Trump $50 billion just because I am a nice guy and $950 billion is more than enough really" https://t.co/e7CkQdc9gh

— zerohedge (@zerohedge) July 2, 2026

Hes a liar. 🤥 it’s because he can't afford the compute contracts , and needs new capital.

So secretly that financial stake for the public" is just a way to raise capital from the public (retail investors) rather than just private VCs. He is packaging a desperate need for cash… pic.twitter.com/Xc8VcELmZl

— Hannibal999 (@Hannibal9972485) July 2, 2026

The CFO hinted at a backstop months ago and got roasted, guess this is what she meant. pic.twitter.com/MCJcS0NRrx

— Jamie Huske (@socko5012) July 2, 2026

Position: Short High-Tech Basket  

I watched no fewer than 10 confident money managers herald the future of regional bank stocks on CNBC yesterday.

Here is an alternative view:

Extend And Pretend Eventually Comes To An End

Position: None