PropNotes

PropNotes Updated 

Took this long this morning risking vs 31.65. Combined effects of infrastructure bill - copper + pm spend, as well as inflation, help this industry tremendously in terms of commodity prices. On top of that, we made a higher low recently which is technically bullish. TGT 40 for me on this for $1.35 of risk.

PropNotes

Delicious looking stat arb opportunity but man is there a lot of risk. DISCB 300k float. Godspeed! Cheers!

PropNotes Updated 

Chatter is that HILLHOUSE CAPITAL in china is being unwound in FTCH IQ VIAC DISCA right now. I liked it as a short, and now I like it as a long, having gone from 24 - 11 PE in three trading sessions. Blood is in the streets.

18:52

PropNotes Updated 

Thanks again for watching. Let me know if you have any questions in the commnents! It's important to mention - people talk about "moat" for this exact reason - it's to determine how long the company's net income will be stable in the face of margin-reducing competition. It's also why anticompetitive companies are more expensive, like I alluded to with google in...

19:47

PropNotes Updated 

Additional avenues for analysis - considering more the market space and the peer set, diving more into growth prospects and other analyst commentary, and understanding the context for which multiples change and how you can be prepared for that. Cheers!

19:51

PropNotes Updated 

Error: at 8:36 I say "earn about 15x it's net income." I meant to say that companies are generally WORTH about 15x their net income, on average. ONE THING I DIDN'T TALK ABOUT CLEARLY ENOUGH - when it comes to figuring out how much you are paying for the "box" you are interested in, it's MOST useful to compare the p/e multiple you are paying vs the multiple the...

PropNotes

Well, we knew it was going to happen at some point. It finally seems that the IWM is out of gas compared to the major tech stocks which have spent the better part of 6 months going sideways. Over the long term, the trend of tech eating the world has been playing out, with large cap tech outperforming almost everything, especially mid cap blend, represented by IWM....

PropNotes Updated 

Just an update on the LC idea. It's working out well, although the recent price action might be an opportunity to sell some and add back lower, as the last two days' move seems a bit unsustainable.

PropNotes

Chart says it all.

PropNotes Updated 

VIAC is overbought. Registering RSI 85+ today on three separate timeframes has qualified this to me as a clear shorting opportunity. This isn't a high multiple name in a sexy sector, either. This is a legacy media business trying to hack it in a crowded market. I'm long weekly lotto $80 puts (I'm basically NEVER this aggressive) and also short shares in the long...

PropNotes

I''m not a huge fan of AMD, but this selloff right into support with some strength premarket off this low - on the back of TLT - might be a decent bounce trade. Make sure to execute well! Cheers

19:20

PropNotes Updated 

Just a quick explainer for people who are getting smoked and don't know why.

PropNotes

Total liquidation in this name today. I like the 5G story long term and didn't think the narrative changed with the earnings report. Stock pulling into an area of support. I'm short $10 puts. Cheers!

PropNotes Updated 

CarLotz is one of the most promising young names that I like right now, and this is a play on the warrants of that company, which are listed. Firstly, the underlying: CarLotz is an online used car consignment company. Think CVNA, except CarLotz doesn't own the inventory, rather just markets used cars people / companies want them to sell. This stands opposed to...

PropNotes Updated 

Last Monday morning, I woke up to an interesting text from my roommate. It was a screenshot he got from a friend of an email the friend got from his prime broker, talking about how they would be restricting leverage on SPAC plays going forward. After some conversation, It seemed as though this was a street wide phenomenon, and not just a single desk doing this. As...

PropNotes

Pretty normal technical post - just to mention that buyers keep showing up into dips whenever we get to the channel bottom / 50 day. Do with this what you will! Cheers

PropNotes Updated 

Hey Guys! Sorry it's been a little while since I've posted, but I'm back today with an interesting idea that I think many of you may be interested in. Over the last couple of days, a small Chinese bitcoin mining company called Bit Digital has exploded in value as the market has begun to realize the potential of the company's bitcoin mining operations. In the last...

PropNotes Updated 

Exactly what the title says. If you want to see what it looks like when somebody wants to liquidate a huge position where price doesnt matter, look no further than this chart on the heels of the short report. I think this dips another day or two and is then a buy. I like buying liquidations because they are price insensitive. if this opens down tomrrow i will look...