Re <<I covered AAPL right at the bottom of the covid crash. But got skooshed by TSLA at $1011 short and about even on bigger $2116 or thereabouts short. Divide by 5 for current share price comparisons>>
So, in hindsight was AAPL save a lucky CoVid break of brilliance?
Re TSLA, was short, am short, and intending to remain short, for am treating TSLA as a funding currency for all manner of mischief in gold and PGM by physical, DRD, and SBSW.
Re <<Now breaking my decades-long rule by holding big heaps of USD cash hoping for salvation via Federal Reserve last gasp defense of USD by increasing interest rates though not expecting Volker tough love and discipline.>>
As % NAV, am about ...
~19% physical metals; w/ enough of the increase due to pricing action, and a bit of topping up. Storage, as hinted at by Warren Buffett, is becoming a problem
~61% real estate, about 50/50 of the inexpensive redevelopment sort
~4% in equities, mostly in DRD shares, a bit in SBSW, and rest in this and that
~16% in cash and net equity derivatives, here there everywhere, calculated by inference
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Summing to 100%
But the cash and equities together supporting and is supported by wagers against TSLA and for DRD (and a bit for SBSW and other stuff) by derivatives.
Notional gross-short against TSLA is 2.22X NAV
Notional gross-long for TSLA is 1.8% of NAV (yes, I have faith on the dark side and the 'for' is just for fun)
Most of the TSLA stuff blows up 20th November but am marching forward further into the dark side to collect lucre due and well deserved.
Notional gross-long for DRD is 9% of NAV (the notional would be real should I be put and called between now and May 2021, but mostly to 20th November)
So, the book of deployment is grotesquely dominated by Elon's TSLA and he has been very generous along w/ GS and Softbank and RobinHooders. I wish all of them well and continued good enthusiasm.
Am trying to figure out how much of the gain to mineralise into sleeping capital / permanent savings between 20th November and end-2020. The capital is needed per call of duty but habits are habits, must mineralise some savings.
Re <<Qualcomm>>, never saw much point in it, and still do not. Seems a lot of risk and busy bodying for rather skimpy returns, almost as bad a Warren Buffett's operation, and do not see the scenery change much going forward
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