Break in!
Google ($GOOGL) delays the launch of Gemini after the technology falls short of its internal goals.
Google Gemini Launch Delayed as Tech Falls Short of Internal Goals – Bloomberg
Share reverse hard.
Position: Long GOOGL (VS)
Here is an example of some trading tactics I’m employing on a new position.
This is not unhealthy action. Here’s how I’m playing it.
The imbalance and spastic relationship between memory/semis (weak) vis-à-vis hyperscalers (strong) continue today.
Like a baby splashing in a bathtub, the situation is changing daily.
Tough to evaluate and trade on an intraday basis.
I am long ($AMZN), ($GOOGL) and ($MSFT) and I am short a basket of semis and memory stocks (e.g ($MU) ($SNDK) ($INTC) ($AMD) ($AMAT).
Positions: Long AMZN VS GOOGL VS MSFT VS; short MU VS SNDK VS INTC VS AMD VS AMAT VS
It’s looking ugly out there for ‘Big Blue,’ but here’s why I’m not ready to bail just yet.
Here are the upcoming reporting dates for the Portfolio’s holdings.
Plus, TSM’s big June revenue, SK Hynix falls, Apple fights OpenAI and other headlines moving stocks this morning.
We locked in gains on three holdings, giving our cash levels a boost as the Q2 earnings season heats up.
Markets brush off fighting with Iran as Meta talks about making its own AI chips; South Korea’s SK Hynix lists on Nasdaq; I give a chart checkup on the market.
The hedge fund manager’s approach aligns with my current strategy.
