Grape Research ✧

Researcher Studying Trends and Momentum

[Eric Balchunas @EricBalchunas]

Great look at the SpaceX shares unlock schedule as well as the potential passive buying schedule from @JSeyff @FrancisSharoon Depending on the early post-IPO returns, this could really play with and disperse the returns of "passive" funds (which is why there's arguably no such thing as passive). $SPCX

[Eric Balchunas @EricBalchunas]

Jane Street made about $40b in revenue last year, more than all the big Wall St banks and with only 3,500 employees. Wow.

[Grape Research ✧ @GrapeStocks]

@RyanDetrick @CNBC Congrats 🎉

[Linda Raschke @LindaRaschke]

In strong uptrends, morning weakness is a buy, and in this case, Sunday night opening. Buy first pullback below 5 SMA!

[Ethan Kho @ethanrkho]

"AI can mask judgment." A hedge fund veteran on why process without judgment is worthless:

Brett Caughran (@FundamentEdge) — tiger cub and multi-manager veteran, founder of Fundamental Edge — explains:

"Good investing is two buckets. Process is the scientific part — 120 hours of filings, models, calls, checks. Judgment sits on top of that. Process feeds up to judgment."

"There are no layups. At best, we're flipping 60/40 coins — stocks that go up 30% in a bull case, down 20% in a bear case. Find enough of those mispriced edges and populate a portfolio."

"Can AI do that? Not in my opinion. AI can accelerate process, but the ultimate judgment is a deeply human endeavor."

"AI has no innate sense of causal relationships. No ability to pattern recognize n-of-one situations. And the world is dominated by n-of-one situations."

"The evidence of fundamental investing over decades has pointed to an irreducible benefit of humans in the investment process."

[Linda Raschke @LindaRaschke]

and y'all know this pattern by now: 3 consecutive green bars UP off OP... shake and bakee

[Justin Spittler @JSpitTrades]

$AMPX setting up again...

Best drone name

Watch this one

[Linda Raschke @LindaRaschke]

If you stay 100% technical, you will quickly see that news does not matter 95% of the time.

[Justin Spittler @JSpitTrades]

$AMPX trying to get back on track

Top drone name.

[Ethan Kho @ethanrkho]

"Rarely is my best idea my best performing stock." One line that should change how you think about portfolio construction:

Derek Pilecki — Gator Capital, financials long/short, over 2000% cumulative return since launching into the 2008 crisis. Former Goldman Sachs PM.

@gatorcapital explains:

"I used to run 25 names. That number's crept up to about 40, and my returns have actually gone up."

"At 3% position sizes instead of 5%, the ones that don't work don't hurt as much."

"Everybody says they don't want your 25th best idea. But maybe your 30th best idea has a great return."

"I like to add when I'm up, not when I'm down."

"Positions become less risky at higher prices — the market's already starting to see what you're seeing."

"When the position's moved against you, a lot of times you're wrong. So I try not to add when I'm down."

First heard the buying on the way up idea from @alixpasquet: that Druckenmiller and Soros would have blow out years and avoid blowups by crawling, walking then running and only going ultra-levered when up big for the year.

[Grape Research ✧ @GrapeStocks]

@fiscal_ai 💎

[Grape Research ✧ @GrapeStocks]

$AMPX alpha

[Grape Research ✧ @GrapeStocks]

@TailThatWagsDog 💎

[Grape Research ✧ @GrapeStocks]

@TedHZhang @lonextrades @Qullamaggie 💎

[Ted Zhang @TedHZhang]

Quote of the Day:

“Always need to buy something that has a reason to go up — sector, theme, earnings, EPs.”

~ @Qullamaggie

[Grape Research ✧ @GrapeStocks]

@PatrickWalker56 🔥🔥🔥

[Grape Research ✧ @GrapeStocks]

@TailThatWagsDog @SqueezeMetrics Awesome

[Grape Research ✧ @GrapeStocks]

@aleabitoreddit 💎