Share this page!

Dougie Kass Profile picture
Twitter logo
23 Nov, 4 tweets, 4 min read
@realmoney
Nov 23, 2020 | 01:15 PM EST DOUG KASS
I Would No Longer Chase Value
* Given the dominant absolute and relative performance of late

The pivot from growth to value has been underscored by the price action over the last month, last week, and today.

There is now
little doubt of the pivot - an idea which was met by a lot of criticism a few months ago.

Indeed, some of the loudest critics are now buyers of value and sellers of growth - which was as predictable as the sun setting tonight in a market dominated by reactionary price chasers.
I wouldn't be surprised for the pivot to continue for a while longer but to slow down into late December and into the new year.

I would no longer chase value.

I plan to add to my Alphabet ($GOOGL) and Amazon ($AMZN) holdings on any weakness. @jimcramer @tomkeene @business
@ferrotv @riskreversal @ScottWapnerCNBC @guyadami @Sarge986 @terranovajoe @saraeisen @threadreaderapp unroll

• • •

Missing some Tweet in this thread? You can try to force a refresh
　

Keep Current with Dougie Kass

Dougie Kass Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @DougKass

Dougie Kass Profile picture
24 Nov
@realmoney
My skin is hardened after all these decades.
At this point little impacts me from the standpoint of ad hominem attacks and/or non rigorous criticism.
The haters on social media platforms like Twitter are pathetic and while I actually feel badly for their plight - I
aggressively and routinely block and report them (leaving them and their words in the purgatory of their isolation).
Its easy to reside in the cheap seats of anonymity - especially by the many that have never been on he playing field.
But, frankly, it is amazing how much grief I
have taken on the banks in 2020 from Tweeps and others.
Not surprisingly, not one of the self confident bears who literally (incessantly) ridiculed me for buying the banks/financials (I have copies of their tweets) have said a word on Twitter or elsewhere in recognition that
Read 4 tweets
Dougie Kass Profile picture
24 Nov
@realmoney
Nov 24, 2020 | 10:50 AM EST DOUG KASS
Tesla Is Not Only an Overpriced Stock but the Company's Fundamentals Are Deteriorating
* More on my Tesla short...

The positive impact of an S&P inclusion is blurring the reality of multiple negative fundamentals that are
emerging at Tesla (TSLA) - that investors are ignoring:

* Tesla has been blessed by little need to advertise. But with competition heating up, and without a model refresh, margins will be adversely impacted by the need to raise advertising expenses considerably. This article
explains how sizeable General Motors' (GM) advertising budget is today. I would not be surprised that a year from now, Tesla will be spending 2%-3% on advertising - something none of the EPS models have built in.

* Meanwhile Tesla product prices are being cut around the world.
Read 5 tweets
Dougie Kass Profile picture
24 Nov
@realmoney
I go by my script of fundamental analysis, logic of argument and common sense. But sometimes the script doesnt fall in place - we adapt as flexibility key to managing $s:
Nov 24, 2020 | 07:52 AM EST DOUG KASS
When the Circumstances Change, I Change My Mind...
What Do You Do, Sir?

* I declared an audible and covered all my Index shorts after the close on Monday evening

* I have often written about being flexible and opportunistic - I view last night's move as fulfilling my task of being flexible, and admitting that my short term
crystal ball may have been wrong

* I am back to medium-sized in net long exposure

* Look for banks and other value to lead the market over the balance of the year

"When the facts change, I change my mind. What do you do, sir?"
- John Maynard Keynes @jimcramer @tomkeene
Read 4 tweets
Dougie Kass Profile picture
23 Nov
@realmoney

Nov 23, 2020 | 07:45 AM EST DOUG KASS
Trade of the Week (Long VXX) - Risks Are Being Underpriced
* (VXX) was trading at $18.28 in pre-market trading - I am buying

* Always consider outlier events (especially in a period of rising uncertainty)

* The case for a
heightened regime of volatility

Volatility, aided by central bankers' suppression of interest rates, remains low.

But, what if:

* The virus mutates.

* There are unexpected manufacturing, distribution and storage problems with delivering a Covid-19 virus.

* With a delay
and without a timely vaccine, the spread of Covid-19 intensifies.

* As Covid spreads over the next month, there is an increase of state lockdowns, business and school closings, "stay at home orders", and curfews are announced around the country.

* Trump pulls out all stops in
Read 13 tweets
Dougie Kass Profile picture
23 Nov
@realmoney
Nov 23, 2020 | 07:15 AM EST DOUG KASS
The Undoing
Like the HBO series The Undoing (with only one episode left), we are moving to conclusive vaccination news that hopefully will end the spread of Covid-19.
And like The Undoing's characters (Jonathan, Grace or even
Henry Fraser, Sylvia Steinetz, Franklin Reinardt or Fernando Alves - all of whom could have murdered Elena) we don't yet know which vaccination will gain broad adoption. But, with only one episode left next Sunday night, and with the successful results from the three vaccines,
resolution will come shortly.

Overnight news that Oxford AstraZeneca coronavirus vaccine is 70% effective on average, data shows - CNN has pushed stock futures higher - after being slightly lower on Sunday evening, S&P stock futures were +22 handles at 6:30 am.
Read 5 tweets
Dougie Kass Profile picture
20 Nov
By tweeting silly and ugly conspiracy theories, you are making a fool of yourself, undermining our Democracy and probably most important to you) losing relevancy. Everyone knows you are in a preproduction mode for Trump TV but even your most devoted base will whittle away
with your absurd allegations. @realdonadltrump You came up short and ran the dumbest campaign in American politics (instead of talking about jobs you talked about arresting opponents). You are now attacking fellow Republicans - consistent with your egomaniacal Trump TV strategy.
Ernst, Sasse and Romney have started to kindly ask you to stop subverting our Democracy. More will follow because they dont want you to take the Republican party over the cliff. The longer this goes on the harder it will be for the Republican party to recover.
Read 4 tweets

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!

Follow Us on Twitter!

Like this author's thread?

Get email notifications when new thread is out from this Author!

Check out other threads from this Author!

Read all threads by @DougKass