Intel Stock (INTC)

* And fading it… I don’t own and am currently short (and have been recently short C, JPM, GS, MS, UBER, NFLX, homebuilders, etc.) some of the most consensus sectors. I am long some of the most non-consensus sectors. Consensus Longs: * Memory: SanDisk ($SNDK), Micron ($MU), Intel ($INTC), AMD ($AMD), Applied Materials ($AMAT) (“it’s different …

In response to some subscriber emails I am maintaining a small portion of my high-beta, high-tech short package – including (but not restricted to ($SNDK), ($MU), ($CAT), ($INTC), ($AMD), ($AMAT), ($CRWV) etc.) Positions: Short Package VS (including stocks mentioned above)

Another leg lower for momentum, high beta tech (part of my short basket). I am sticking with the remainder of the basket even though some of the drops have been dramatic: Today’s Selected Price Changes in Short Basket * SNDK ($SNDK) -$255 * CAT ($CAT) -$58 * CRWV ($CRWV) -$15 * INTC ($INTC) -$11 * …

The problem with shorting (or buying indices) late in the day or in the evening — as I often do — is that the fate of the general market’s opening is determined by the overall movement memory stocks. And to predict/guess the opening price of $MU, $SNDK, $AMAT, $AMD, $INTC is a “fool’s errand.” The …

* Among other reasons, I now want to be short momentum. I plan to aggressively expand my ($GRNY) short now and to continue to modestly expand my ($JOET) short (despite my fondness for its portfolio manager Joe Terranova). Let me give you two straightforward reasons for my tactics: * Both ETFS are grounded in momentum-based …