Hi tuck. my holidays were very enjoyable, I trust yours were equally enjoyable.
IMO, it's not a difficult thing for longs and shorts to get aslong. In one aspect we need each other to keep the other thinking. Anyhow, I did ride the earnings wave down for a few days and some spare change. Currently flat now, but hoping for a move to the mid 19s again on some euphoric hype.
As far as the other positions, yes, I did reshort NVDA(for the umteenth time) and am doing okay so far on it. I'm also still short BRCM and may consider holding some if not all through earnings. I'm also comfortably short VRTS again but picked up a small long position in chkp, which is just s shy better than my entry. Oh, and my favorite, CIEN, I'm contimplating covering that one soon, but I sure would like to see it dribble into the low 9s first. Even there, I would not want to keep it long in the face of a potential naz melt down. I think their recovery is at least 9 months to 18 months in the future. So it would be more of a mo mo play.
Good luck. |
