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In the world of hyperscaling, one of the biggest financial players is Owl Capital (OWL), which has rebounded mightily in recent months. It is almost back up to its neckline, so I’ve decided to short it with a stop-loss order at 13.25.
This is one of those days when I should be getting massacred but, in fact, I’m down just a tiny bit. A few choice positions really helped, and on yet another day of record highs all over the place, here are the kinds of stocks I remain short that are defying this insanity:
As most of you know, my largest options position is the China ETF symbol FXI. I have quite deliberately chosen March 2027 $37 puts to give me gobs of time to be right (there are presently 219 days left on these, and let’s face it, in the world we live in today, that’s about two centuries from today).
The FXI is a plodding price mover, but in my estimation, we have hammered out the sixth top in this long-term chart and are heading lower. All five preceding tops produced excellent results. It also helps that a certain someone on Pennsylvania Avenue doesn’t have a vested interest in propping this market up.
I was curious to see which of my short positions had produced the best percentage profits so far, and the answer is Nebius (NBIS), which is a bit surprising considering it’s one of the least compelling charts in my portfolio. Still, data is data, and this has in fact been the best performer to date.
