Out of SanDisk
I sold out my trading long rental of SanDisk ($SNDK) for a small profit (I had averaged down, as posted) at $1155.07.
Positions: None.
Adding to SanDisk
I added to trading long rental ($SNDK) at $1,054.
Positions: Long SNDK (S)
My Bet on Interest Rates
If I had to make a wager, I would bet the Federal Reserve announces no change in interest rates.
If correct, I would expect a short-covering rally — but I don’t know how durable it may be (if it occurs).
I have a light exposure profile (basically long cannabis), with a small long position in ($SNDK) my only “play” for a rally.
Positions: Long SNDK (S).
Things I Did Today
Here are today’s things:
* Added to TRLV ($TRLV) $8.05 and GTBIF ($GTBIF) $6.82
* Added to trading long rental SNDK ($SNDK) at $1,051
Positions: Long SNDK S TRLV S GTBIF S
More SanDisk
I added to my trading long rental of SNDK ($SNDK) at $1,032.43.
Positions: Long SNDK S
Adding a Bit of SanDisk
I added small to SNDK ($SNDK) at $1,085 in premarket trading.
Positions: Long SNDK S
How to Navigate a ‘Chip-Wreck’; Watching the War Grow, Fed Day!
Fighting spreads after surprise attack, Fed Day lands, and let’s look at the rotation and what to make of the semiconductor crash.
The Fed, the Rotation, and Why IBD Is at Minimum Exposure
As the Fed decision sets up for a strong reaction, here’s what to watch. Plus, why IBD is at minimal market exposure while the Dow rallies.
Last Night Trading
I added to my Sandisk ($SNDK) trading long rental at $1,068 last night.
Position: Long SNDK (S)
SanDisk Update
My cost basis on my ($SNDK) trading long rental is $1,169 (well below last sale!).
Positions: Long SNDK S