My Tweet of the Day
Position: None
Cannabis Adds
I added to $MSOS, $VRNOD, $GTBIF, $CURLD and $TRLV longs this afternoon.
Position: Long MSOS (L), VRNOD (S), GTBIF (VS), CURLD (VS), TRLV (VS)
Shorted More Granny
I shorted more $GRNY at $27.69.
Position: Short GRNY (M)
Speculative Short Basket Doubled
I doubled the size of my speculative short basket this morning — and not for most homegamers.
My half life on these baskets are short and I am disciplined as this package includes such high-octane stocks as $SNDK, $MU, $AMD, $AMAT, $MRVL and $TSM among others!
In all likelihood I will cover the package by the end of the day — especially if the market averages keep falling.
Beware What the Shows Are Saying
If you watch the shows, the market is now — in their views — only about price momentum.
Caveat emptor.
Position: None
Robinhood Aims Higher Amid SpaceX Takeoff
Here’s my plan for this financial services play after it saw more than 44,000 new downloads as SpaceX went public.
Sharp Fall in Housing Starts Confirms Our View on Homebuilding Stocks
Digging into the latest data around the housing market.
Late Morning Market Stats and Charts
– NYSE volume 15% below its one-month average;
– Nasdaq volume 19% above its one-month average;
– VIX index: down 0.43% to 16.13
Positions: None.
Adding to a Health-Related Name as SpaceX Sucks Up the Oxygen
As the action narrows, I’m continuing to raise cash.