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fuzzhead1506

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  1. Calls/call spreads on the VIX. :P Joking aside, I’d bet most people do quite well going long VXX while the term structure of VIX futures is in backwardation. If the nature of the trade isn’t your style, precious metals and a good short duration bond manager would also prolly be a good bet. People like to laugh at Einhorn for his lousy performance the last 5-7 years, but he is a well hedged value manager with (IMHO) a string of bad luck and one bad call - shorting the “bubble basket”. Even if I think he is wrong on several of those stocks, he is bound to capture most of the downside volatility without the same carrying cost as a straight short on the S&P.
  2. ok... so i was thinking about taking a flyer on ZM, but we are now looking at 45x sales... I was able to make sense of the valuation at $35/share but this is absurd! People are expecting the company to get to $7.5B in revenue and 40% margins (by year 10, if they experience the same dilution as CRM, did over the last decade) in order for this to make sense. Considering they are profitable, maybe that is bearish on the dilution... but wow! Edit: math mistake...
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