Back Shorting Granny and JOET
Back short $GRNY at $26.83 and $JOET at $44.62.
Position: Short GRNY (VS), JOET (VS)
I Sold Out of My TLT
I just sold out my $TLT at $85.87 for a quick profit.
From earlier in the day:
TLT Buy
I purchased TLT (TLT) at $85.18 in the belief that we have seen a short term peak in interest rates.
Positions: TLT M
BY Doug Kass · Jun 11, 2026, 9:12 AM EDT
Position: None
My Tweet of the Day (Part Deux)
I call B.S. to Strategy’s CEO touting $MSTR on CNBC yesterday and then announcing sale of over $11 million in shares:
Position: None
My Cost Basis
The cost basis of my last index shorts (done with S&P cash +105 handles):
* $SPY $736.04
* $QQQ $711.09
Position: Short SPY (S), QQQ (S)
Added to Index Shorts on Market Strength
I added to index shorts with S&P cash +105 handles.
Position: Short SPY (VS), QQQ (VS).
My Comment of the Day
Dougie Kass
The purchase of a large position in Microsoft by Ackman and others was an absolute disaster unless you don’t care about short term performance and lean back on and rationalize “forever” holdings (for which one can never be criticized, definitionally).
Position: Long MSFT (S)
Back Shorting the Indices
I am back shorting the indices with cash +84 handles:
* $SPY $734.07
* $QQQ $709,23
Position: Short SPY (VS), QQQ (VS)
2 Sales on the Iran News
I sold $MSFT and $AMZN on the Iran news for a profit.
Position: None
Strikes Canceled
Break in!
Trump cancels strikes in Iran.
Position: None
