Covered My Short Basket!

Avatar photo Doug Kass on July 16, 2026

I have just covered the balance of my high-beta, high-tech short basket for a large gain:

* $AMAT $569.74 (-$11)

* $AMD $504.44 (-$25)

* $CAT $889.10 (-$25)

* $CRWV $72.67 (-$5)

* $INTC $97.78 (-$5)

* $MU $850.75  (-$55)

* $SNDK $1440.64 (-$175)

Position: None

The Memory Rout

Avatar photo Doug Kass on July 15, 2026

I am covering some of my high-beta/high-tech positions in my short basket now:

* $CRWV $74.91 (-$5)

* $AMD $512.45 (-36) 

* $MU $879.74 (-$104)

* $INTC $99.53 (-$8)

* $SNDK $1,498 (-$259)

* $AMAT $559.96 (-$36)

* $CAT $892.69  (-$41)

Position: Short CRWV (VS), AMD (VS), MU (VS), INTC (VS), SNDK (VS), AMAT (VS), CAT (VS)

The Casino Is Open

Avatar photo Doug Kass on July 15, 2026

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 

Still Short My High-Beta, High-Tech Basket

Avatar photo Doug Kass on July 13, 2026

I am still short my high-beta, high-tech basket which includes these names (and others): Intel ($INTC), Micron ($MU), SanDisk ($SNDK), Applied Materials ($AMAT), Advanced Micro Devices ($AMD), Caterpillar ($CAT), CoreWeave ($CRWV).

Position: Short INTC (S), MU (S), SNDK (S), AMAT (S), AMD (S), CAT (S), CRWV (S).