Morning Thoughts

Yesterday I was long SMN ( double short basic materials) and took a 7% trade. I sold about 75% but I am carrying the balance. I will probably add today. I posted on twitter yesterday that this was one to watch indeed as it traded as high as $107 on Friday. If they take this group to the low post again this one could do very well.

Also RTH (retail holders) I will be looking to add to on the short side. I’ve been short from $95 and covered a bunch . A couple of weeks ago I said I thought it would hit $60. My opinion hasn’t changed in that regard.

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