Fraser_G

Fraser_G

ECPG is well placed from both a fundamental and technical position. Had a very strong rebound in September/October before trading down in late October/November. Like the set-up heading into Q1 as Govt support runs off, as well as Balance Sheet strength of business. While there is yet to be a sustained technical position the fundamentals are very positive. Am long...

Fraser_G

Interesting pattern forming in Coffee. After a long "Rounded Bottom" a Handle has emerged that looks to be consolidating. Will be interesting to watch in the coming days to see if this pattern can be sustained - macro support from weakening USD and supply side constraints will support continued momentum.

Fraser_G

Have gone long Energy in last week via MPLX. Energy broke Hedgeye Trend mid November as product of Quad 2 environment. Energy performs well as Real Rates/Inflation increase, so offers a natural hedge. My broker (I'm in UK) won't allow me to get the wider Energy Complex exposure, so went long its largest constituent part MPLX (makes up ~15% of total factor). Very...

Fraser_G

Have been long Thailand via this MSCI ETF for a month or so. Had an early win before started fading - thesis was based around falling USD and Thailand being Quad 2 in Q4 and into New Year. Has been a painful hold and missed an exit during October. Has rallied in recent days on strong volume (late November) as USD continues to struggle and performance of the EM...

Fraser_G

Took small Long position in GBPUSD on back of continued weakness in USD and strong trend to upside on GBP. Took position on Nov 20 via LGBP ETF, and has been somewhat anaemic - will watch closely to see if breakdown in trend emerges in coming days. Will likely be dependent upon BREXIT talks in UK and continuing near term risks in US macro environment on foot of...

Fraser_G

Bullish on industry trends around Cannabis Sector given the "acceptance" of CBD following election. SAMA is a SPAC with an agreed target in Clever Leaves. The two are planned to merge in Q4 2020. SAMA is in the HE Long List by virtue of CLVR's potential trajectory and cost base in a massively growing market. While difficult to assess price behaviour given...

Fraser_G

Took a Long position in MIK on 24.11.20 at $9.75. Key catalyst was fact that it had broken trend ($8.86 is trend floor per @Hedgeye). Also on the HE Long List so had been looking for a decent entry to take a position having traded in and out over previous months. High Short interest is slightly concerning (currently at ~22%) however could drive a squeeze if this...