Sometimes, you Never Sell Enough
The 🐿️'s 'Start the Week' note! Plus our weekly review of BUSHY™ and live Acorn trade ideas. 2026, Week 9.
I know that there is a ton of 🐿️ in your inbox in past 24 hours. I am sending the ‘Start the week’ note you early as it is (i) ready and (ii) there are lot of portfolio changes (including in Asia) to absorb.
In case you missed it, the weekend note tackled the ailments facing emerging market tech stocks. An EMQQ post-mortem! Check it out.
Doc, my EM Tech is Sick!
The 🐿️ diagnoses what's going on in emerging market tech stocks. They have underperformed since late September. It's time to assemble a shopping list.
What a week! I thought I had done an extensive job of de-grossing the portfolio over the course of February. Sometimes, you can never sell enough.
Quick PSA for subscribers: a lot happened last week and I was updating members in The Drey in real time (e.g., closing hedges and adding to the de-grossing list).
Easy joining instructions: 1. Hit the button below (which takes you to the The Drey’s waiting room on Discord; 2. Reply to this email with your Discord username / handle. Easy!
2026 had been way too easy so far. A punch in the nose felt completely inevitable. I felt that I was pretty defensively positioned going into last week but a 258 basis point drawdown in my BUSHY™ beta portfolio (plus some Acorn gut punches) really stung!
Last week was pretty active. Further de-grossing. Let’s dig in.
