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cliffvb

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cliffvb

Re: wadegarret post# 70330

Monday, 03/30/2020 1:20:09 PM

Monday, March 30, 2020 1:20:09 PM

Post# of 112441
Wade,I am mostly cash but do have a few shorts as well as holding some longs in place. The 4 stocks I shorted are all on large cap, liquid stocks so I can easily get out of them when I want to. It also is not clear how many benefits they will get in the stimulus package (vs smaller companies with fewer than 500 employees where the programs are clearly laid out).They also are in the hospitality industries, I think it will be quite awhile before people feel comfortable gathering in large groups, even after the rules are lifted. They also all have negative tangible book values and substantial debt.

MAR CHH in the hotel group.
BYD in the casino gaming group.
DIS in the entertainment group (theme parks).
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