Memory Stocks Made Us Some Cash, Then Came Wednesday. Now What?
SanDisk, Micron, Western Digital and others got a Wednesday beating, so let’s take a look at the charts and see how to handle ’em now.
And … Another Subscriber Question of the Day (And My Response)
JSR1111
15m ago
I’ve seen a lot of comments on the weak breadth of the market in recent months. Does the recent rally in RSP and other broader incdices get anyone less bearish? And while rates are at the mid-to-higher end of the recent range, I get the same sense that bears notice rates rising but not when they stabilize/ebb.ReplyShare
Dougie Kass
just now
good question
to me its more of a momentum trade now, than a statement trade (suggesting a further broadening)
it could be short lived
Positions: None
Financial Services Shorts
I am now short C ($C) and JPM ($JPM) against my private equity longs ($BX), ($KKR) and ($APOL)
Positions: Long BX S KKR S APOL S; Short C S JPM S.
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Taking in Some Memory Shorts
I have taken in some of my SNDK and MU shorts:
* SNDK ($SNDK) $1889 (-$141)
* MU ($MU) $1008.50 (-$24)
Positions: Short SNDK VS MU VS
Sorry, GRNY!
I added to my GRNY ($GRNY) short at $27.88.
Positions: Short GRNY M
Recommended Viewing
Ed Ziron, whom I often quote, is on CNBC now.
Positions: None.
Stunning South Korea Stock Shock Triggers Circuit Breaker as Semi Names Strike FOMO
The Seoul market and select chipmakers around Asia saw wild volatility, but the chaos is highly sector-specific.
PE Additions
Added to private equity longs – all of them are a couple off the intraday highs:
* BX ($BX) $121.64
*KKR ($KKR) $94.26
*APO ($APO) $118.95
Positions: Long BX S KKR S APO S
SPY Short, a Size Up
I have moved to medium-sized short ($SPY) at $751.01
Positions: Short SPY M