David Tepper put his cash behind his mouth

Credit score to David Tepper.

Each time somebody goes on TV like he did in late September to pump shares it raises some crimson flags. We’re seeing some very doubtful promotions in crypto currently and the inventory market has an extended historical past of the identical.

He went on CNBC on September 26 and talked about Chinese language stimulus and a complete flip out there.

On what to purchase in China, he did not discriminate.

“All the pieces,” he says. “ETFs, I might do futures – the whole lot. All the pieces.”

That helped to gas good points within the following week however by year-end that decision was underwater. That raised questions on whether or not Tepper used his pump to dump his positions.

He did not.

He filed his 13F at the moment forward of Friday’s deadline and it reveals he did not promote any China shares, and actually was a purchaser in This fall as he added whereas promoting US shares. His place in Alibaba Group is by far his largest holding and is now valued at greater than $1 billion.

Different positions he elevated (or established) not proven right here had been:

• ASML
• NRG
• UBER
• EXE
• GLW

Now it isn’t precisely a time to take a victory lap for Tepper as you should purchase Alibaba for almost the very same worth the place he was touting it in September. China ETFs like FXI, KWEB and MCHI are additionally at roughly the identical ranges.

I do just like the conviction although and I made a case for purchasing China in January. It is had a pleasant run since then and analysts at Goldman Sachs and Deutche Financial institution are shopping for into the theme with some very bullish calls themselves.

This text was written by Adam Button at www.ubaidahsan.com.



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