Market Commentary
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NASDAQ listed Beyond Meat (BYND) is a good example of a seemingly “obvious” short trade which I have very deliberately avoided for more than 200 points now. The stock is now up 10x since May 1st, when it IPO’d on the NASDAQ at $25. It’s not that I am not shorting stocks anymore. I am simply being more selective. I...

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Acquiring the title of “Most Hated Man in America” is no easy task, but Martin Shkreli pulled it off. Shkreli’s name is in the headlines again after his attorney argued last week that his 2017 fraud conviction should be overturned. Maybe Shkreli was getting irked that Elizabeth Holmes has been overshadowing him in the headlines lately. Either way, the appeal...

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You can't fight the Fed. The share buyback parade looks like it will be accelerating further before it shows signs of moderating. So if you have been waiting for market frothiness to subside, then clearly this was not your week. And next week isn’t looking very likely either.  During holiday-shortened trading weeks, we often see stocks grind higher on light...

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Update on Revlon long thesis
June 17, 2019 | RP

In March 2019, shares of Revlon (REV) briefly plunged from $27 to below $16 in extended trading following its (as usual) weak quarterly results. During the weakness, majority shareholder Ron Perelman resumed his (as usual) purchase of additional Revlon shares. Thereafter, Revlon resumed its (as usual) rebound back to around $25. A nice upward move of more than 50% from...