More stock sales by @realMeetKevin in his $PP fund $NVDA was this morning his #2 position, with 13.9% $AMD was his #3 position, with 6.7% His top position is $FGXXX, a very short government bond ETF (less than 40 days to maturity) with 35.7% Surprisingly, he is having a negative cash position now for two days, with -$1.98m.
@TeslaBoomerMama FGXXX is basically a money market cash equivalent. We bought Amazon and so it takes some time to settle, hence the appearance of what looks like a negative position. We believe the market is setting up for a correction. Our prospectus allows moving to cash for such events.
@TeslaBoomerMama You can read more about FGXXX and it's yield here. marketwatch.com/investing/fund…
@TeslaBoomerMama @realMeetKevin 🙂 should’ve bought the 165$ $TSLA
@TeslaBoomerMama @realMeetKevin Sorry I can never take someone serious with that ticker symbol..🤣
@TeslaBoomerMama @realMeetKevin Hope he’s not drinking and driving again
@TeslaBoomerMama @realMeetKevin What’s a Pee pee fund?
@TeslaBoomerMama @realMeetKevin When George Noble had a negative cash position in his failed ETF called $NOPE it started a rapid fall. Shorting Tesla $TSLA put George out of business.
@TeslaBoomerMama @realMeetKevin How could he have negative cash. Maybe just takes a while to settle?
@TeslaBoomerMama @realMeetKevin -$1.98M cash position? Sounds like he’s getting smoked.