To All, My ISP has been down for two days, so I haven't been ignoring you. A couple of quick notes. Ligand is making a return to respectability. Another half point or so, and I may be tempted to punt the income holdings (long Ligand, short Jan 7 1/2 calls in the IRA. Short LGND puts in the non-Ira accounts).
PC sales to final customers are not happening, which is why all the pc component stocks are roaring up in price. It is difficult to imagine, but we may be working a channel stuff even larger than last year and the year before. We do know that the retailers are not selling diddly squat while the OEMs have massively increased shipments (which they laughingly call "sales") to retailers. This should be golden time to buy puts on this crap, but we are going into Xmas Lies season, so I can't pound the table. I am loading up personally, but I can afford many "expires worthless" before the truth becomes obvious. If you cannot, you may want to wait until early December, though you run the risk of missing one of the greatest crashes in history if the herd discovers the truth earlier than usual.
Best,
MB |
