Quote:
Originally Posted by Leondros
The Winners:
Financial Institutions - BNS, BMO, FIE
REITs NLY, BEI and IVR - Also have a load of calls with these that are up like 700% as this point
Energy - SU, CNQ, and MEG all are all coming back.
XPO, TFII and Fedex - Logistics which I have been peddling since the beginning of COVID are just ripping. Online shopping, lockdowns, and cheap fuel was a no brainer on this for me.
The Losers:
Short AC - While its ripping now I hope it will come back down to the $23 range so I can just settle up. I don't know if that will be the case but they certainly are going to have an interesting next couple of quarters.
Short Tesla - I have been in a short position on them for a while now and have been slowly covering. Not too exposed now.
Still Waiting:
Pipelines - ENB, IPL. Slow moving but still paying large dividends so its easy to be patient with these
Gold - I think with gold prices even around $1,800 an ounce we should be able to see some strong performance from the Canadian miners
GBTC - Bitcoin, interested to see if this rips again.
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The Tesla one is interesting. Once they're added to the S&P 500 at the end of the month where is new money to the name coming from to keep it going up? Its unlikely operating profits will be the source.
I think the only chance at this point to grow into their valuation is issuing shares at their current very high valuation for accretive acquisitions. If they could buy a few big firms for stock and start getting some roll up benefits going that might keep the momentum.
The big short sellers (ie chanos recently) are throwing in the towel, so that source of demand for shares is also going to decline.
I bought a few very out of the money puts today, first TSLA short for me. A bit of play money is all.