May 17, 2016

Apple invests $1b in Chinese rival of Uber

-Apple (AAPL) announced a $1 billion investment in Chinese ride-sharing company Didi Chuxing. Is CEO Tim Cook serious?
Uber's rival in China

-Monsanto (MON) became a possible takeover target of two different German companies. This led me to re-establish a medium-sized position in rival fertilizer company Potash Corp. (POT) . I plan to buy more at current prices today.

- I remain manifestly bearish and deep into the ursine territory. My net-short exposure is as high as it's been in two years.

Position: Long HIG, DD, OAK, SH, POT; Short XOM, BRK.B, EWU, FXI, CAT, SPY, QQQ, IWM, JWN, DIS, CMCSA, LNC, MET, NFLX (small), TSLA (small), SBUX (small)