I’m likely to short a little more of that one in coming days…
Well, it was a flattish day at the markets, but not for us as we had stocks and options up and down rather wildly throughout the intraday action.
Cablevision was up nearly 7% at one point before fading 3% into the close. Stay tuned, I’m likely to short a little more of that one in coming days and weeks.
That Cisco purchase from yesterday, on top of our existing position there, hurts today as it closes down 3% on the day. The bad news is that there’s no way to know when or where Cisco will actually put in a bottom. But the good news is that we’ve been patient and strategic in scaling into Cisco and we’re still not quite as big in the name as I eventually do want to be. I’ll likely continue to scale in on weakness and probably get more aggressive when the stock starts “acting” better and the chart starts looking better.