I got the office around 5:30am this morning and have been analyzing stocks and doing some more trading as I continue to slowly build positions in the hedge fund, both long and short. I’ve got to head back up to Albuquerque to the hospital to my family as soon as the markets close today. Amaris is not getting much better yet and she’s in the ICU for the last two days. I have to apologize again for the lack of time and detail in this Trade Alert. If I can get all my family back home early next week like we hope and pray, I’ll be back in the saddle and will catch up with full analysis about these new trades from this week. Sorry and thanks for understanding.
Here are most of the trades I’ve made today for the hedge fund. I’ve put the trades in alphabetical order with the longs on top and the shorts on bottom. I did most of the purchases early this morning and slowed down on buying as stocks rallied so hard this afternoon. On the other hand, I have been selectively shorting and buying some puts this afternoon during this big intraday rally.
I bought some INTC common.
I bought some QRVO common.
I bought some SEDG common.
I shorted some AVGO common.
I shorted some BOX common.
I shorted some JD common and bought some JD put options dated out into March/June that with slightly out-of-the-money strike prices.
I shorted some TTD common and bought some JD put options dated out into July that with slightly out-of-the-money strike prices.
I shorted some ULTA common.
And yes, I’m still mostly in cash obviously but am putting money to work selectively here and will not be in any rush to swing for the fences. Clearly with these wild market gyrations up and down, we are getting some opportunities and that’s partly why I’ve made so many trades in the last three days.
Have a great weekend and thank you for the prayers.