We have a 1% sized position in EOSE, up 30% from basis. The stock is trading ~$15, was recently $18, but may in fact trade much higher over the next year, amidst some volatility. The potential downside could come from dilution and/or general sector decline, or perhaps yanking of govt tax subsidies. However, all things...Read More

Looking ahead and into 2026 it’s clear the AI narrative will dominate. The only question is — who will be the main beneficiaries and is there anything that is going to shift to create outsized winners? My thoughts and research on this is 3rd inning, so a little back of the envelope; but I’ll share...Read More

Good afternoon gents/ladiesOn Friday morning markets were in a bit of turmoil after SOFR rates rose above Fed Funds rates to perpetuate Zerohedge to tweet and post at a frantic pace that the “plumbing is bad” and we were, once again, on the verge of financial armageddon. Let’s not stand on sentiment here and clearly...Read More

It was only a matter of time before some sort of FUD hit the tape and today we got with via JEF and regional banks. JEF slid more than 10% and KRE nosedived by 6.3%.This all stems from Jefferies losses with First Brands, applying pressure to credit and today we got news out of WAL...Read More

When I was starting out in the biz — everyone wanted to be Gordon Gecko — pretend to have inside information — build large positions who would later be taken out at large premiums, and talk extreme shit about it. We were bulls and we made it our business to inform others when blue horseshoe...Read More