Closed 75% of $CAVA short @ $52.63 for +18% gain

Don’t want to take the print risk on this. Gut feeling; I think it should have traded down more on $CMG print but it didn’t. Also maybe expectations are already very low for this Q, so it may miss and still print up post earnings.

Shorted $HOOD @ $143.7
Shorted $PLTR @ $192.71

Again, just to hedge in case this momentum unwind gets worse

Closed remaining 25% $CAVA short @ $46.49

Might be closing more shorts later to go “longer”

Closed 50% of $SHAK short @ $95.4

Closed 30% of shorts across the board for $COIN @ $313.5, $HOOD @ $139, $PLTR @ $190

My manner of BTD

Added $SNDK long @ $192.45

Closed longs $763.HK @ $31.7 HKD and $$6869.HK @ $33.94 HKD, for -23% and -15% loss respectively

Quite a large % drawdown for these 2 trades, but thankfully sized these as small moonshots. Consolidating portfolio into core positions.

Shorting a small $SNAP position into print @ $7.4

Longed $COHR @ $134.73 on $LITE readthrough

Trimmed 40% of $FIVE short @ $160.25 for -10.5% loss.

Seems like a high probability Supreme Court is going to rule against Trump’s tariffs. Also there’s many other better short candidates, $FIVE might benefit from trade-down if pressures on consumer spend worsen. I still think the biz model is crap though.

Out of short btw, took a -20% cut on a mini position.

Perplexity deal is nuts, EBITDA flow-through on that deal amount for a $12bn eqv company is material — also not discounting the fact that there may be more on the way.

China is subsidizing up to 50% of electricity costs for data centers using domestic chips

Added more $600089.SEHK @ $25.5 RMB

We called this a month ago. Cheap power is China’s competitive advantage, and one of the few ways for them to level the playing field with their domestic chips.

Added $2722.HK @ $2.09 HKD and $3393.HK @ $14.57 HKD.

Similar thesis as $600089.SEHK

$SNDK with a clean beat and raise alongside clear margin expansion driven by volume/mix/price.

Q2’26 guidance was raised +11% and +76% higher than Street’s expectations for rev and non-GAAP EPS respectively.

While client/consumer supports the near term strength, there are already 2 hyperscalers in qualification and 5 others in active engagement, pointing to an enterprise ramp next year as another driver of returns. A beautiful print all around!

Added back shorts across $HOOD @ $139 and $PLTR @ $186, after HOOD’s print. Think HOOD is a great hedge for market downturn given that it’s levered to retail volumes.

$INTC moving after Elon’s comments at $TSLA shareholders’ meeting. Won’t put too much hope on this given his flakiness, but Tesla is also moving heavily into their own custom silicon.

> be $DKNG CEO Jason Robins on the call
> misses revenue
> back to adj EBITDA losses
> cuts FY guidance
> PolyMarket about to eat its lunch

> “This is the most bullish I have ever felt about our future"

Sucks to have a CEO that’s so arrogantly wrong