JORDENBOER
PORTFOLIO UPDATE ✅ eToro Elite Popular Investor ✅ New short positions opened last week ✅ Earnings season coming up in October The $NSDQ100 has been oscillating the last couple of months and has not decided whether it wants to go up or down. The Fed has decreased the interest rate last week not by the expected 25 basis points but by 50 basis points. There is a reason for this and there is much more going on behind the scenes economically than they want everyone to believe. I see it as an overreaction to try to stop the economy from crashing towards a hard landing. Once everyone is elated by their nice profits for 2024, it's usually a good moment to take profit and sell some shares which have done extraordinary well. Earnings season will commence next month and expect October to be bumpy. We should find some good opportunities to add some more short positions. The markets have been going up and up whilst there are plenty of negative economic indicators which could rapidly bring the markets down. $RDFN (Redfin Corp) is already up 13% after re-opening the short position last week. The portfolio's short positions were increased from around 50% to currently 65%. With 35% still in spare cash we will add some more positions the coming weeks. Our long $HAS (Hasbro Inc) positions were closed last week at a relatively small loss compared to where the stock was 10 months ago. It moved up from around 44 to 72 which was a good moment to sell. I don't see the stock going up much further and with the rest of the portfolio being short right now, it was the last remaining long stock to leave the portfolio. We are still down for both September as well as for 2024 but we will maintain our short strategy and wait for a decent correction. It will only be after this correction that we will start to close our short positions at a profit and hopefully end 2024 in the green. Once again, thank you new copiers and followers! Be patient and let's see what the coming years will bring us.
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