My first take on DeepSeek was disbelief. How could it be? China must be using the hedge fund High Flyer and their quants to sink US markets and ruin ROI for AI. While that might still be the case, from what I have gathered the sanctions put on China by Biden encouraged innovation amongst the...Read More

Last week I highlighted the fact that China might be an undervalued play. Two days later I sold out from my China positions. While there many reasons to make trades, this one was specific to a news headline I encroached upon and felt the risk wasn’t worth the reward. It said Kyle Bass was being...Read More

I was intending to wax poetic about how prophetic I was, starting off the session with a +17% winner in DAN, accompanied by run away strength in NBIS and WULF; but much of it dissipated as the day waned and high beta saw sharp reversals in the magnitude of 3% off the highs. Although recalcitrant...Read More

It looked like it was going down and then it went up, ’tis the case in various scenarios these days. We gained another 0.47% today, slightly below the SPY at +0.53% but more than double the QQQ at +0.22%.We did some rebalancing today, buying back ALAB in the $117s on the absurd dip. The stock...Read More