Will the SK Hynix IPO Repeat the SpaceX Pattern?
As SKHY’s debut grabs the spotlight, the real test for the market starts next week with these three things.
Ignored By Equity Bulls
Position: None
The Consumer Is Spent Up, Not Pent Up
* Costco and Walmart’s share prices continue to fall…
Position: None
Howling About the Rising Supply of Single-Family Homes and Condos
Wolf Street howls about the rising supply of unsold residential units.
Position: None
The Hindenburg Omen Triggered on the Nasdaq
Position: None
Things I Did Yesterday
Here were yesterday’s things:
* New short position — Bloom Energy ($BE) at $265.39
* New option position — Bought Nvidia ($NVDA) puts
* Reshorted $SPY at $748.88 and $QQQ at $722.58
* Shorted $GRNY at $27.81
* Shorted $JOET at $45.97
* Reshorted Morgan Stanley ($MS) at $223.61
* Supersized long $MSOS at $4.46
Position: Long MSOS (VL), NVDA puts; Short SPY (VS), QQQ (VS), MS (S), GRNY (M), JOET (S), BE (S)
Cannabis Tweet From Yesterday
I added aggressively to $MSOS near the close on Thursday at $4.47.
Position: Long MSOS (VL)
The Truth About Building Wealth: Kate Stalter on Investing, Retirement, and Avoiding Costly Mistakes
Next up in our series on getting to know TheStreet Pro’s contributors is Kate Stalter.