Yesterday the markets were off a bit. Things seem to be extended. Last week I covered about 1,900 miles across the country. We live in a beautiful nation filled with opportunity and greatness. Covid is long over and the number of units of RV's being sold is going down. As I drove across several states I noticed every RV sales lot was loaded with inventory. No room for any more. Armed with an economics major back in 1976 I still keep my eyes open. Supply for RV's seems to be outpacing demand. Stocks of RV's are up.
Yesterday I shorted shares of WGO between $63 and $64. Today, the company announced their quarterly earnings.
Not certain how to spell "KACHING" but you know the sound of ringing a cash register. I rung the register and the bell this morning.
Closed the position. Bot to cover, points down.
It's a beautiful day in America!