No Need to Cover This One!
Investment short, Sleep Number ($SNBR), prepares for a bankruptcy filing.
A perpetual short that never has to be covered!
Position: Short SNBR (VS)
Wednesday’s After-Hours Advancers and Decliners
At 4:26 PM:
After-Hours % Advancers
After-Hours % Decliners
Position: None
Wednesday’s Closing Market Stats
Closing Volume
– NYSE volume 3% below its one-month average
– NASDAQ volume 5% below its one-month average;
– VIX index: up 1.84% to 16.06
Breadth
S&P 500 Sectors
% Movers
Nasdaq 100 Heat Map
Closing S&P 500 Heat Map
Position: None
Doesn’t Make Sense
I don’t think today’s decline in cannabis stocks makes much sense.
I have gotten aggressive with $MSOS on a scale lower.
My average cost is about $4.76
Position: Long MSOS (M)
First Time in a Long Time
In one of the first times in a long time, I am adding to my short index position on weakness:
* $SPY $755.35
* $QQQ $744.58
Position: Short SPY (L), QQQ (L)
Cannabis Tweet of the Day
Position: None
Howling About Housing’s Spring Selling Season
Wolf Street howls to the housing industry…”wait til next year.”
Position: None
Remember When?
I am old enough to remember when Amazon ($AMZN) was everyone’s favorite long.
Position: None
Tweet of the Day (Part Six)
Position: None