More Covering
I am covering some more $RILY, $DNUT and $WGO.
Position: Short RILY (VS), WGO (VS), DNUT (VS)
Things I Did Today
Here are today’s things:
* I covered most of my Index shorts:
$SPY $766.95
$QQQ 736.75
* I covered my relatively large $GRNY short at $28.02 and eliminated a small $JOET short at $45.14 .
* With $CVNA down by -$5 I sold my CVNA puts. I remain short common.
* I added to long in $MSOS at $5.09 (common) and bought a crapload of calls for October and November. Added to $GTBIF at $7.70.
* I added back to $GLD at $380.30 today — replacing what I sold on Friday (when I substantially reduced my GLD on a rally at $394.94). I got very lucky for the second time on the precious metal, remember I sold my prior position of this trading sardine at over $400 about a week ago.
* I paid $26.01 for more $WRTH long.
Position: Long MSOS common (VL) and calls (M), GLD (L); Short SPY (VS), QQQ (VS), CVNA (VS)
Tweet of the Day (Part Four)
Position: None
Chart of the Day: Can Marvell Pull Off a Stunner Before Big Day?
The stock has made a remarkable comeback post earnings and may dazzle investors on October 6.
Tweet of the Day (Part Trois)
Position: None
Our Small-Cap Name Is Tanking and Nobody Knows Why
Ocular Therapeutix is selling off sharply, taking our small-cap portfolio down with it.
Recommended Viewing: MRKT Call
Run don’t walk to watch Carter and Guy at 11 AM.
Again what you get with Dan and Guy are smart market observations, actionable ideas (Carter has an ETF $WRTH, which discusses a lot of creative pairs trades, hedges and more aggressive trades). Seabreeze Partners, my hedge fund has taken a long position in WRTH as I believe it will outperform in a down market ).
Unlike many in the business media, MRKT Call’s playas take ownership of their ideas — so you also get some humble pie (i.e., honesty and transparency).
Let’s go to the tape! Carter Worth: Go Long MSFT & PLTR, Time To Sell Gold – YouTube
Guy gave me a nice shout out at the 13-minute market (related to my $NVDA comments in my Diary).
Position: None
The AI End Game Appears to Be Growing Near
Unfortunately, it is hard to see the AI infrastructure buildout maintaining this pace.
Update on My Carvana Short
One of my core investment shorts, Carvana ($CVNA), continues to struggle today (-$5).
I have sold my puts but I am keeping my common short.
Position: Short CVNA (S)
Late Morning Stats and Charts
– NYSE volume 3% below its one-month average;
– Nasdaq volume 19% below its one-month average;
– VIX index: up 10.69% to 16.46
Breadth
SOURCE: Barchart
S&P500 Indices
SOURCE: Barchart
% GAINERS, DECLINERS
SOURCE:TheStreet Pro
Nasdaq 100 and S&P500 Heat Maps
SOURCE TheFly
