Dale,
Good minds think alike. I'm also short REXI, TERA and PVN. PVN is painful, as I'm underwater by 23+ points. As soon as the liquidity dries up, the money will flow out and fly to quality. Everyone is looking for a Nov rate cut, which may not happen. PVN is worth 2 to 3 times Book. If a recession occurs, as some predict, then PVN's credit card business will have some troubles.
Other shorts I'm holding are: HEPH, FIBR, ENML, REFR, SCUR, SHEL, TSAR, VTCH and ENVY. Some positions are large than others, most are underwater.
Chester |
