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

Before I get into what I did today, some data.The NASDAQ is +4% for January, SPY +3.5%, Russell +3.3% and the SMH is +10.4%. Those are returns befitting of a full month, with a week or so to go in January. The SMH did rise +16% in January of 2023, but for the most part...Read More