PG&E Corporation (PCG) Redux…

When the rules of the game change, you need to change. If you aren’t front-running these index funds that need to buy or sell some massive percentage of a company’s float, you’re not thinking creatively. You can sob about how cheap your value stocks are, or you can evolve. Event-Driven trading wins, even when it loses. The fund-flow tailwinds are just that powerful currently—especially as prop desks cannot provide liquidity like they used to. I’m going to be writing a lot more about this topic. You can be a sucker and wish the world went back to 2002, or you can make a whole lot of money. I prefer the latter.

California is burning and America’s most hated company hasn’t even traded down on the news—that’s how powerful these fund-flows are. We’re entering a golden age for Event-Driven trading. Who’s ready?

 

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Disclosure: Funds that I control are short PG&E Corporation puts.

Disclaimer: The opinions in this document are for informational and educational purposes only and should not be construed ...

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