Greg Cadger CFP, EA Profile picture
Sep 4, 2020 6 tweets 2 min read Read on X
Today made me much more comfortable with the market and my overall strategies. It is an uncomfortable feeling running a long/short strategy and not being able to have a reasonable portion allocated short. Noticed the wobble in the big tech names on Friday that spilled into this
week so I was able to go short the stock & via long-dated puts yesterday. Stayed long but reduced & went short via long-dated puts . Today I added and via puts & was already short pre-earnings . I went short last week & have stayed short
for around the last month. Also been short via long-dated puts. Tomorrow will be interesting. Both the S&P & Nasdaq hit the 20 day & stopped. I expect a bounce is possible & then a trend downward. Way to much liquidity & leverage brought us to this point let's see if
it unwinds here. Raised cash to 10% and have about 8% of the equity longs hedged by mostly puts that stretch past the election. ( the only actual stock short I have due to implied Vol. ) You had to know this was about to unravel when clients started calling asking for Elon
Musk stock. YTD based on allocations, client risk, we are at about 14 to 21% return. This is based on a 35 to 60% equity allocation, 6-10% commodities, 2 to 8% options (mostly risk hedges) and remaining some type of fixed income instrument or cash. Allocations will vary based on
client risk profile, market conditions, etc. I think this is where it gets interesting since the fed has signaled they are going to pull back. if we start to crater will they continue to hyper destruct the dollar through their MMT garbage & secret asset grabs??? #fintwit

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More from @CadgerGreg

Oct 3, 2020
Tesla the growth myth. I have seen a multitude of articles, tv pundits, YouTube millennials all gushing over what an incredible quarter Tesla just had by crushing expectations & delivering 139,300 cars while producing 145,036. The hype machine continues to roll on. $tsla $tslaq
Inside I want to chuckle as I realize how easily the masses are manipulated. Elon Musk knows this & his greatest gift is leading lemmings off a financial cliff. Hey give me your money & we will dream about Mars, Hyperloops, appreciating cars & money printing solar panels.
I don't truly desire to meet Elon Musk, I am not a celebrity chaser or glam hunter. Yet, if I did I would high five him (An air high five Corona-Bros) for being the greatest manipulator of easily led people in the history of the world.
Read 21 tweets
Sep 6, 2020
Here we go again with Tesla. A major run-up fueled on pure speculation. Tesla adds Hiromichi Mizuno well known for his dislike of shorts, former manager of a trillion dollar plus Japanese hedge fund. We can assume he has or should have connections with Softbank. $tsla $tslaq
Lo and behold the Japanese investment company turns out to be the primary driver behind the recent stock surge by what appears to be a call buying strategy which is intended to drive algorithmic trading & stock purchases to artificially drive the price up on what is a very small
float for a company the size of Tesla. Register rings for Elon who has been rewarded continuously for pumping his stock without repercussions & who anyone with a basic understanding of accounting knows manipulates the hell out of his financials ad-nauseam.
Read 17 tweets
Aug 31, 2020
I have been a lifelong Dodger, Lakers and Rams fan. Sports have been an integral part of my life. High school sports were the primary incentives for me to bring my butt to school and to get myself through high school and eventually into college. If what is happening in sports
doesn't shock and scare you, you are wearing blinders. These sports figures are celebrating chaos, the denigration of our nation and our constitution. Drew Brees speaks up and he was forced into an apology. Brian Urlacher speaks up and he is quieted and disowned by the Bears.
Advertisers pull contract deals from athletes that don't step into line. The Chinese communist party can successfully threaten the NBA for speaking out for the freedom of those in Hong Kong and the NBA acquiesces. Like it or not many of our youth who don't understand that Lebron
Read 6 tweets
Jul 30, 2020
So the fed creates reserves for the banks who then lend out these reserves which were created from nothing to banks. Banks lend it to you the average Joe and charge you interest. Banks lend like crazy because the interest is their drug & like every addict they get reckless.
Their addiction causes them to create more loans, putting the country awash with fabricated dollars & crushing the purchasing power of the same average Joe who is busting his hump making a living. When it collapses every decade or so good ole Uncle Sam bails out these reckless
white collar crooks using taxpayer dollars while not requiring the banks to pay for their mess out of their profits. Uncle Sam does this under the guise of capitalism by using socialism, creating even more money, crushing the purchasing power of average Joe even more by flooding
Read 5 tweets
Jul 29, 2020
Interesting thought to myself as I review another fictional work titled Tesla's 10-Q. Ok, we all know Tesla's accounting practices are intended to intentionally misstate the true financial picture. Tesla is not generating profits from operations. The subsidies are
pulled forward to overstate net income with the intention of manufacturing profits. Costs are recognized when convenient, not always when incurred & most of the time not where they should be recognized. Is this wrong even fraudulent?! Hell yes it is.
Is it wrong that Elon Musk has become one of the richest men in the world from taxpayer subsidies. Hell yes even more emphatically! Yet, let's face reality . Musk is bullet proof & untouchable. Life isn't fair.
Read 8 tweets
Jul 21, 2020
Following markets and what the Fed Reserve is doing is absolutely astounding. A shame most Americans have no clue how the Federal Reserve system, a private banking cartel, is intentionally rushing the world into socialism in collusion with the IMF & the World Bank. How do markets
rebound in just several months when no one is working and thus not putting money into those pensions? Government pensions are vastly underfunded, crashed in sync with the market & didn't have reserves to buy the market back up. The world is shuttered & trade is barely ticking up.
All of that money being printed to bail out corporate America just privatizes profits, removes the morale hazard of poor risk mitigation & bad business practices & socializes the losses. This is a huge tax on the middle class & for the third presidency in a row a huge rip off
Read 10 tweets

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