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After the market closed on March 24th, I put together a spreadsheet of what I considered the 15 best “buys” in light of the virus sell-off. Here, in retrospect, are the 15 of them, a little more than a month later. I have placed in the caption the percentage change since I put the spreadsheet together. They are shown from worst performance to best. Ironically, the weakest performance was from none other than Gilead. I have put the percentage change in the caption of each chart.
I have kept track of every short from last month (although long since covered) from my entry point. Just for the hell of it, here are the three short sales which have lost more than 70% of their value from my entry point.
Kindly refer to this post from last week. In it, I declared: “Well, since I was insane enough to make such a prediction on the biggest “up” day of literally all human history, how about I go even more insane and suggest the next major support level? Wild Ass Guess=2750 or so.” Here’s the chart I provided at the time:
A lot of my older short ideas have ground their way almost to $0 (or they at least have been hit really, really hard). One I stumbled upon was Budweiser (symbol BUD). It’s remarkable how far this household name has sunk. The fact that these guys own a beer with the unfortunate name of Corona isn’t exactly helping.
Below are the percentage gains from the 60 shorts I posted about last weekend, sorted by percentage gain from my entry point. This has been a week for the record books. Thank you for sharing it with me.
