Trading & Markets

First few days of trading...

I’m “back in the saddle” with a strangely competitive proposition: live-streaming trading. Trading is difficult enough as it is, adding a voyeuristic element compounds the obstacle of navigating one’s emotions while investing. Be that as it may, here are some “insights”.

• News trading seems to work just fine: shorted VERV & APLS for compelling intraday moves.

• Meme stocks are not the same. GME pays you 30% to own it, AMC does not.

• Related: small moves matter in non-dynamic businesses. AMC is fairly valued at 10-12. It is not at 16.

• LQDA/Liquidia is a cheap stock in my eyes. I will do a full write-up eventually. Some news came out and kind of scared me into revealing my hand on r/WSB.

• MSFT, INTU, ADBE, MDT appeared fairly valued, at first pass.

• I couldn’t make heads or tails PLTR at ‘first pass’. Looks expensive at first blush I guess.

• GOOG & BABA look cheap. FB too, but a little less so.

Current positions:

• LONG: LQDA, BABA, GOOG, RBLX, TSLA, NFLX

• SHORT: AMC, ADIL, SIGA, AVXL, UBI.FP, CVM

I uploaded various models and other files on github.com/martinshkreli/models. A trade blotter of every transaction is also included under ‘Competition.xlsx’. I hope they’re useful and I’ll continue to dump content on there for the programmatically inclined. I’ll try to include some quantitative trading tools, as well.

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I’m working on web3 computational chemistry software, which is very close to a public reveal. If you’re interested in this field, feel free to email me at martin@martinshkreli.com or find me on twitter at @zkEnrique7 or @shkreliruleof5.

Feel free to send me feedback on anything!