Thread by @DougKass

Transparency on @realmoney

Jun 19, 2020 | 01:58 PM EDT DOUG KASS
The Long and the Short of It
* After "playing" the rally off of the March lows (with plenty of longs) I have recently (again) gotten net short of exposure
To summarize some my recent activity:

* I took off numerous investment longs (for profits) into the rally -- including (GS) , (MS) , (PNC) , (DIS) , (FDX) , (MU) , (GOOGL) , VIAC (not for a profit), (VNO) , (HLT) , (H) , (PENN) (ugh!), (BA) , (GLD) , (GE) (loss), (VZ) , (TLT) , (XLE) , (XOM) , (HAL) , etc. (Most of

these were sold at prices that are above current prices).
* I added to my core bank stocks on the recent selloff.
* I bought and profitably sold volatility ( (TVIX) ).
* I initiated and added to (THS) , (SJM) and (KHC) .
* I shorted a basket of speculative "Robinhood" stocks

and highly indebted stocks that I believe to be worthless.

* I shorted and then covered and recently re-shorted (on a scale) (SPY) (up to $315 earlier this week) and (QQQ) .

* I shorted and covered (ZOOM) (++).

* This week I shorted SPY calls (naked).

* I raised my (CAT) and

(AAPL) shorts from medium to large this week.

I will end the week at my largest net short exposure in the last two weeks.

Position: Long THS large, SJM large, KHC large; Short SPY common and calls, QQQ, CAT large, AAPL large

Enjoy the weekend! @cnbcfastmoney @SquawkCNBC

@tomkeene @FerroTV @business @lizclaman @riskreversal @guyadami @terranovajoe @carlquintanilla @ScottWapnerCNBC @Sarge986 @saraeisen