Final Prices on 4 Covers in Tech Short Basket

Avatar photo Doug Kass on June 9, 2026

Here are the prices of my last and final covers of a portion of my technology short basket:

* $MU $927.78

* $SNDK $1,692.97

* $INTC $107.60 

* $AMD $474.95

These stocks were put out at around 10 AM at: 

Reveal: Some of My Morning Speculative Tech Basket Shorts

Here is a portion of my speculative tech short basket (and entry on short in parentheses):

* MU ($MU) ($991.10)
* SNDK (SNDK) ($1,736.80)
* INTC (INTC) ($113.03)
* AMD (AMD) ($499.90)

Positions: Short MU VS SNDK VS INTC VS AMD VS 

BY Doug Kass · Jun 9, 2026, 9:50 AM EDT

Position: None

Covering Speculative Tech Shorts

Avatar photo Doug Kass on June 9, 2026

Covered alot of my speculative tech short basket including these:

* AMD ($AMD) $485.23

* MU ($MU) $947.46

* SNDK ($SNDK) $1729.33

* INTC ($INTC) $109.17

From earlier:

Reveal: Some of My Morning Speculative Tech Basket Shorts

Here is a portion of my speculative tech short basket (and entry on short in parentheses):

* MU (&MU) ($991.10)
* SNDK (SNDK) ($1,736.80)
* INTC (INTC) ($113.03)
* AMD (AMD) ($499.90)

Positions: Short MU VS SNDK VS INTC VS AMD VS 

BY Doug Kass · Jun 9, 2026, 9:50 AM EDT

Positions: Short AMD VS MU VS SNDK VS INTC VS

Abby Normal

Avatar photo Doug Kass on June 5, 2026

Dr Frankenstein: Now that brain that you gave me, was it Hans Del Brooks?

Igor: No.

Dr. Frankenstein: Would you mind telling me whose brain I did put in?

Igor: Abby someone.

Dr. Franksenstein: Abby, who?

Igor: Abby Normal – I am almost sure that was the name.

Dr. Frankenstein: Are you saying I put an abnormal brain into a 7 1/2 foot long, 54 inch wide gorilla?  

– Young Frankenstein Abby normal scene

Consider the following price changes in today’s session:

* $SNDK -$201

* $MU  -$101

* $AMD -$51

* $MRVL -$38

To me, this should make investors consider whether the market has been nothing more than a casino — in which the many momentum-based investors know everything about price but nothing about value.

And that, as I have observed, the concepts of risk vs. reward and “margin of safety” have been generally ignored.

Position: None

Heads Up on AMD?

Avatar photo Stephen Guilfoyle on June 4, 2026

I wrote a piece on one of my favorite holdings, Advanced Micro Devices ($AMD) here at TheStreet Pro earlier this week. I still believe what I wrote. My target price is still $588. I have been looking at the chart, though and think perhaps a bit of warning (not a call to panic) may be in order. This is the chart that I gave you… 

I wrote the following: “Readers will see that AMD broke out sharply in April from the basing pattern (rectangle) of consolidation that ran from late October into late April. The shares obliterated my temporary target price of $456 as May wore on. We sold a small amount. What now? The shares look to have created a Rising Wedge pattern of bearish reversal as Relative Strength had reached technically overbought levels. The daily MACD is also ripe for some bloodletting.”     

I then added, “How severe will it be? I’ll tell you what I’m doing. I am likely to add should the stock approach the mid-May high of $470, but not before.” So, I’ve had a clue that a sell-off could be coming. Now, we’ll erase the Rising Wedge pattern, which can be bearish to begin with, and see what we can see…       

Looks a lot like a head & shoulders pattern of bearish reversal, doesn’t it. Should that pattern come to fruition, it should be noted that H&S patterns, in my non-scientific opinion, are more reliable than Rising Wedges that in theory can go on almost forever. Just some brain food for the crew here at the Diary. 


Positions: Long AMD equity.