Short Positions Update

An update on our short positions & repurchase attempts for 2018.

We now hold 3 positions in VXX, 2 in TZA and 1 in QID.

We had one market long position in TNA, sold in early November for a gain of 19% in 9 days.  

Today, not diarized here, we repurchased TNA at $47.40 hoping for another quick bounce.   

Keep this in mind going forward:

Also be aware:

Our major short positions are:

QID repurchased at $41.30 - originally sold for a gain of 25% in two months.

VXX (3rd position) bought at $29.00
 

VXX (2nd position) repurchased at $43.50 - sold previously for a 100% gain in 1 month.

VXX (1st position) repurchased at $33.00 - sold previously for a 68% in 2 months.

TZA (2nd position) bought at $12.05 early this year.

TZA (1st position) bought at $12.46 a year ago. 

TSLA (Tesla Motors) double-short at an average of $358


A typical Tesla owner (car or stock):

Buy Limits:

QID (2nd position) buy at $37.90 - originally sold for a 13% gain in two days. 

VXX (4th position) buy at $31.00 - originally sold for a gain of 28% in a month.

VXX (5th position) buy at $29.50 - originally sold for a gain of 17% in two weeks.

TZA (3rd position) buy at $11.80 - originally sold today for a gain of 41% in 9 months.  We also scored a gain of 35% in two weeks on this 3rd TZA position earlier this year.

TZA (4th position) buy at $9.75 - originally sold for a gain of 47% in in two months.   

TZA (5th position) buy at $9.40 - originally sold for a gain of 22% in a month.


Equities overall are now moderately oversold on a short term basis while remaining massively overbought, overvalued and overbelieved in the intermediate and longer term.



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