Taking the Sick Dave Trade, And Other Pleasantries

Once upon a time in these hallowed halls, men of industry bet against Apple when Steve Jobs appeared gaunt. It was incredulously dubbed “the sick Steve trade”. It was a different era, a place and time when profiting off the impending doom of another person was not only acceptable, but preferable. Going down memory lane for a brief moment, in between sterilizing my groceries, I saw this video and thought to myself “SHORT PENN.”

LOOK WHO GOT COVID-19
pic.twitter.com/v40D8aPfuj

— The_Real_Fly (@The_Real_Fly) August 19, 2020

I will not couch this trade with “I am one of Dave’s biggest fans.” That would be a pussy route. I will also not say “boy do I hope Dave dies now so I can make some money.” But what I will say is, Portnoy is everything to PENN — a stock up too much too fast and deserves to come in a little. With Dave on the DL, I like my chances to punch PENN right in the face and knock it out.

During this wacky COVID-19 world, only a few stocks have truly thrived, fundamentally. We have all of the social distancing plays taking off like TDOC, ROKU, NFLX, DOCU. But then there are others, less known by the public, crushing on fundies — such as SE, OSTK, W, ETSY, EXPI, APPS, ZNGA and several others. I sense the social distancing phase is being normalized. Hence, being smart and searching out these companies who are enjoying solid QOQ and YOY rev growth and FCF will position you for greatness, should this trend continue.