Methodology: each issue's direction is a live signal — long/short opens or holds a position, neutral means flat, and every direction change opens, flips, or closes it. Returns are direction-aware (a short gains when the price falls) and compound across positions from first observation to the latest issue. "Price move" is the stock's own raw change, shown separately. Neither represents actual portfolio performance.
Brief History (2 issues)
A +5.8% bounce on the AI-server order narrative with SMCI's margin hike as sector tailwind, structurally sound 8.7% above the 50-day — but the best odds have passed
The cost-squeeze story just started and memory contract prices are still climbing — the margin answer only arrives at next quarter's report, and everything between now and then is guesswork; sidelines.