…In the fires of my redemption.
They were laughing at me last week when NDRM went lower; now they are dying 10,000 deaths.
I lightened up on LITB and NNA, in order to fold back into the matrix. As much as I like those stocks, they aren’t working. Fundamentally robust ideas include FCAU and WETF. With Fiat, you get Ferrarri and Maserati, both premium european brands in an environment of a trashy euro. Expect material upside revisions in FCAU based off dollar strength.
With WETF, they are once again enjoying a ‘super-nova’ event, with HEWG, their hedged German ETF. The last major ETF of this magnitude was DXJ, which put shares to these levels a few years back. If you recall, I played it from $9.
I didn’t buy any of the above stocks because they already moved. I tell you these stories so you can put them onto your radar.
Stocks that I did buy, however, include MDVN (fucking powerhouse drug), TPH, SLCA, ECR and MOAR NDRM.