As a reminder, something I have been preaching in a while is that in a bull market I focus almost exclusively on liquid, non-heavly shorted, large firms unlikely to get bought out. Now, when we see a confirmed bear market that strategy changes.
However, in the case of GoPro you have the full recipe for a violent squeeze–Low float, heavily-shorted, potential buyout target, hated concept, new-IPO.
Be a sniper short in a bull market, not a sheep in the infinity.
See you after the bell for my video market recap.
F and GM are both diving hard Chess. Good calls there.
Big news on Ford
Chess – probably early, but I just closed out those GM puts for 390%. Thank you very much!!
Great work, Unc!
Gpro shorts and just bite down and scream into the soft pillow.
Amazing call on $F and $GM. Sometimes you make your own luck!
did ford announce earnings mid-day? that’s a hell of a front run.