Sonoro Gold Report SGO.v and Adding to Short Positions
- Jul 16, 2021
- 1 min read
Dear Reader,
I have a research report about SGO as well . This is one of my largest holdings and I just wanted to again show why. The combination of a potentially increased 43-101 reserve and production in the new year should have this stock doing well.
CLICK BELOW for the report. Sonoro Appears on Page 16 and 17
In addition, I am starting to get back into hedges and shorts. The market has a lot of divergences at the moment. This monday I will have a detailed outlook on why i think the market is finally topping and why we could be in for a very ugly fall.
Here are my positions (you do not have to do the same this is just what I own)
150 BUZZ October 2021 20 puts (these are my lottery ticket puts) 14 MSFT January 2022 200 puts (i am averaging down on a position you could buy puts that are closer to the money) 100 BUZZ January 2022 24 Puts 8 ARKK January 2022 100 puts
really arkk and buzz are all I think you need to do at the moment. I might add individual puts but really ARKK and BUZZ premiums are much lower than most equities at the moment.
Disclosure David is a consultant to Sonoro, they are a sponsor of stockchartoftheday and he owns the stock. David owns BUZZ MSFT and ARKK puts as outlined.
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