Thread by @DougKass

From yesterday on @zjunyuan Transparency and ownership of winners and losers...
Jun 24, 2020 | 01:50 PM EDT DOUG KASS
Today's Trades
This morning I moved from small net long to between small and medium net short in exposure:
* I have covered my short ($SPY) calls for pennies.

* I have moved my ($SDS) long to large.
* I have initiated an ($IWM) short.
* I have added to my individual stock shorts:
1. Added to ($CAT) and ($AAPL) shorts.
2. Added to my speculative basket of "worthless/bankrupt" shorts.

3. Created a basket of large cap shorts of some high beta and recent leadership names that appear to me to be extended. This basket actually includes some stocks that I actually like analytically over the long term. They represent short "fillers" that might be vulnerable if I

am correct about a near term correction. Look to recent market leaders, large percentage movers off of the March bottom and companies exposed to a new wave of Covid-19 spread - companies like Blackstone ($BX) , Morgan Stanley ($MS) , Disney ($DIS) , Microsoft (MSFT) , Alphabet

($GOOGL) , Penn Gaming ($PENN) , Hyatt ($HLT) and Hilton ($H) . Again, some of these stocks are attractive (at a price) as long term investments - but not at current levels. Color me transparent and flexible in approach. (Note: I will be quick to cover this short basket given

the above characterizations.)
4. I have also shorted several retailers. @jimcramer @tomkeene @cnbcfastmoney @SquawkCNBC @riskreversal @ScottWapnerCNBC @FerroTV @saraeisen @threadreaderapp unroll