All Tech, All The Time
Position: None
Speculation Running Amok
Position: None
Estate Sale
* I am the anti Boca Biff…
I am the executor of a large estate. The estate has been probated for about two months.
The estate has a very large and concentrated equity portfolio. ($NVDA represents over 40% of the account, $FTAI, $EQIX, $IIPR and a bunch of BDCs are the major components of the estate’s stock portfolio.)
I have patiently waited to liquidate the equities.
Yesterday afternoon I liquidated the entire stock portfolio. Not one share of equities remain. Given the elevated level of stock prices I wanted zero (nada, zilch) stock exposure.
Upon settlement I plan to put the proceeds into a money market fund on Monday morning.
This is called an Estate Sale.
Post Script: I recently spoke to Boca Biff for the first time in years. More on Boca Biff’s stock trading early next week.
Position: None
AI Equity Contradictions
Position: None
From Rosie
Position: None
Shorting Trading Sardines
Once again I have shorted a speculative basket of high-octane stocks (in premarket trading), including (but not restricted to) the following:
* $AMD $523.01
* $MU $957.02
* $SNDK $1682.15
Position: Short MU (VS), AMD (VS), SNDK (VS)
Tweet of The Day
Position: None
Consumer Spending Is in Jeopardy
* As the savings rate spirals lower…
The savings rate is plummeting — it was 5.5% a year ago and 9% during Covid.
Position: None
Oscillator Becomes More Overbought
The S&P Short Range Oscillator has moved to a larger overbought at 2.63% vs. 1.62%.
Position: Short SPY (M), QQQ (M)
Early Friday Trading (4:20 AM)
Adding to my index shorts:
* $SPY $755.63
* $QQQ $735.96
Position: Short SPY (M), QQQ (M)