SKS, ELN and PUBGY were acquired this morning. There are so many people who were short SKS, thinking the old high end retailer was in over their heads. I realize the market needs to cool off sometime. Typically, August is a good time to do that. But how can anyone think about selling short when corporations are flooded with cash?
You are playing with fire.
The only way to hedge yourself is via puts or inverse ETF. Trying to be clever with individual stock sales is a high beta trade and opposite of what one who cares about his/her fiduciary responsibility should be doing.
Yes, good morning to you too, pikers. Le Fly has been up since 6, partaking in physical exercises, prepping for the inevitable destruction of the planet earth. I’ve also thought about my 50% cash position and the fact that IMMR is reporting earnings this week. Then I stopped thinking about it.
I am going to plan a trip today, head down south in an attempt to retrace the good steps of a certain General Sherman, whilst flinging lit matches from my automobile.
Everything else is folly.
Futures are lower, but we’re going up again.