No weekly change in NTA. VG1 added a few more shorts.
The overnight performance of the longs is substantial and outperformed SPY and NDQ. PINS (as did other social media) jumped on the news Elon Musk became the largest shareholder in Twitter. I have a doubt this is a sustained pump for PINS. I still can't see why the fund holds PINS. User growth in 2021 was a mere 3.1% yet the stock is still priced for 2-3 times that. Although PINS has pricing power for advertising, I doubt the useless junk sellers that advertise on PINS will be able to pay any increase. Still, PINS is a very intelligent platform for targeting that useless junk on the right person.
VG1 Price at posting:
$1.79 Sentiment: None Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
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