Bought a Trading Long Rental in Sandisk in the Premarket
* Playing the deep oversold…
Dougie Kass
Took a small trading long rental in $SNDK at $1392.50
Not for homegamers.
Position: Long SNDK (VS)
Don’t Be Fooled. There’s Ugliness Hiding Under the Surface.
The indexes Thursday did not reflect the carnage in recent leaders and chip names and the ‘aroma of fear.’
Covered My Short Basket!
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
Tech Trade Gets Thorny; Hynix Hit; U.S. to Ramp Up Fight With Iran?
Here’s how I’m handle the tech trade as it gets tough; also, let’s check the latest with Iran, the semis and … some good news on inflationary data.
The Memory Rout
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 (-$41)
Position: Short CRWV (VS), AMD (VS), MU (VS), INTC (VS), SNDK (VS), AMAT (VS), CAT (VS)
Chart of the Day: Can Apple Get Some Praise?
While semiconductor stocks are the featured item, Apple is delivering the goods.
The Casino Is Open
The imbalance and spastic relationship between memory/semis (weak) vis-à-vis hyperscalers (strong) continue today.
Like a baby splashing in a bathtub, the situation is changing daily.
Tough to evaluate and trade on an intraday basis.
I am long ($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
High-Stakes Fighting in Hormuz; Hostage to Hynix; Fading ‘Memory’ Basket?
Here’s how I’m handling my memory/storage trades as DRAM ETF, stocks like SanDisk take a hit; also let’s check Iran, the Fed and bank earnings.