I first pitched this idea on Twitter about a week ago in response to celebrities lining up to bail out violent protestors. I figured this would be the almost ideal hedge on #WOKE culture that escalates and excuses violence. The relative percent of the US population which is incarcerated is absurd by international standards. 2.3 …
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Reporting the News vs Creating the News Cycle
CVS was downgraded today by Oppenheimer analyst Michael Wiederhorn to market perform. The value of such a downgrade AFTER the stock slid from over $112 a share in July of 2015 to under $53 a share recently is a bit suspect. That said, a downgrade would normally cause a stock price to slide at least …
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Up Day
Markets look broadly up so far. I sold Kroger (KR) near open. I also sold off most my MMYT position. With the stock market going up across the board I didn’t want to chase, so there weren’t many of the stocks I liked that had easy buying opportunities. I just bought a bit of Enova …
General Chopfest
Weyerhaeuser (WY) slid hard shortly after open, so I increased the position size on it & then after turned up sold it. Petmed Express (PETS) and Funko (FNKO) were both strong today, so I sold out on those as well. A 5-day chart of PETS shows how ridiculous the stock action was. I flipped a …
Weekend Cleaning
Funko Funko reported a strong quarter with sales jumping 38% YoY to $233 million in the 4th quarter. Their stock is back above $21 a share, giving them a market cap above a billion & having the stock roughly double off the December lows. They are opening a Hollywood store to boost brand awareness, are …
Zillow Flips Upward on Home Flipping Story
For the past couple quarters Zillow has slid after reporting quarterly results. The big themes on the slide were the erosion in the growth rate of their core business (selling ads to Realtors) coupled with new (perceived?) risks to their business from adding new business lines including lending and home flipping. In after hours on …
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In and Out of Funko
I went in and out of Funko a couple times today. I saw it was down the magic 7.77% and it felt like it had to go up. 🙂 I also added & sold off at a slight gain on Yandex & AbbVie positions, though the older established positions I have in both are still …