Covered CRM
I covered my ($CRM) $258.54 (-$5.85) and ($JPM) $356.80 (-$5.25), trading short rentals just now.
I plan to re-short strength.
Positions: None.
Things I Did Today
Here are today’s things:
* I shorted more $SPY at $770.05 and SPY calls.
* I reshorted $CRM at $263.66 and $JPM at $360.35.
* I shorted $SNOW at $377.51 and covered at $368.01.
* I sold my $GLD long at $411.65.
Position: Short SPY common (L), calls (S), CRM (S), JPM (S)
More Early Thursday Morning Trades
* At 4:45 AM…
I reshorted $CRM at $259.59.
Position: Short CRM (S)
Covered My Salesforce Short
Trading short rental Salesforce ($CRM) is more than $10 lower than the day’s highs and is -$4.00 on the day.
I covered my CRM at $254.01 and I plan to reshort on strength.
Position: None
Adding to 2 Shorts
I added to two shorts:
* JPM ($JPM) $359.47
* CRM ($CRM) $258.89
Positions: Short JPM S CRM S
Things I Did Yesterday
Here are Monday’s things:
* I reshorted the indices after the market closed last night — $SPY at $767.32 and $QQQ at $717.13.
* I added to my $MSOS common at $4.94 and call long positions (slightly out of the money for September and October).
* I added to $VRNO at $6.12.
* I initiated a very small $GLD long at $405.42 (which I added to overnight at $401.28).
* I added to my $CRM short at $260.24.
* I reshorted the private equity space — $APO at $137.61, $BX at $142.94 and $KKR at $110.63.
* I reshorted $CRWV at $85.02.
* I reshorted $JPM at $356.14.
Long MSOS common VL calls S VRNO S GLD VS
Position: Short SPY (S), QQQ (S), CRM (S), CRWV (VS), APO (VS), BX (VS), KKR (VS), JPM (S)
Adding to CRM, Bidding for VRNO
I added to my CRM ($CRM) short at $258.95 this morning.
I am bidding for VRNO ($VRNO) at $6.05 now.
Positions: Long VRNO S; short CRM S
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The Software-as-a-Service (Saas) apocalypse hasn’t arrived, despite the growth of AI.
Showtime in Wyoming, Great Day for My Book (But Not Breadth), Charting Nvidia
The market will run through Jackson Hole Friday. Here are my thoughts as Kevin Warsh takes the stage.
Things I Did Yesterday
Here are Thursday’s things:
*I shorted $CRWV at $92.32 and covered at $87.98.
* I added to $GRNY short at $28.03.
* I shorted more $JPM at $456.76 and covered my entire position at $362.82.
* New short $CRM at $252.54.
* Shorted $NVDA $226.08 and covered NVDA at $224.04.
* Added to $VRNO at $5.87, to $MSOS long at $4.79 and initiated short-dated call options in MSOS.
* Covered $QQQ short at $715.98.
* Shorted more $SPY $771.22
Position: Long VRNO (M), MSOS (VL), MSOS calls (S); Short SPY (M), NVDA (VS), GRNY (M), CRM (S)