Cue the soot-smeared stock-sorcerer Johnson Wan of Jefferies, who arrived Monday morning with a “buy” recommendation so shiny it blinded investors. He clapped a price target of $32.80 on Pony’s shares, a golden apple dangling from a stalk that looked suspiciously like wishful thinking-especially when the stock’s recent close read $22.19, a number far tamer than a startled goat.
So here, in solemn offering, are two chosen idols: a pair of companies raised high on the altar of artificial intelligence. Their graphs climb like prayers. Their promises are endless. Their impact on the lives of those who flip burgers, answer calls, or patch firewalls? Less clear.
Within the quarter’s closing act, the fund’s position in JNJ-once a modest whisper-became a resonant crescendo, amplified by 40,238 shares. The transaction, a ballet of averages and closes, yielded an estimated $6.89 million. The fund’s total holdings, a mosaic of 103,832 shares, now constitute 1.07% of its 13F-reportable assets under management, a figure as calculated as a chess master’s move.
The show began, as many modern financial farces do, not in a boardroom, but on a social media platform of questionable architecture. Over the weekend, former President Trump, that grand illusionist of American commerce, waved his rhetorical wand on Truth Social and declared: “Don’t worry about China, it will all be fine!” A sentiment as soothing as warm milk, though historically about as reliable.
On the eve of this curious rise, President Trump-ever the master of rhetoric, a man whose every word ripples through the fabric of economic affairs-spoke out on his favored platform, Truth Social. His message, though simple, echoed far beyond the bounds of his own nation: “Do not fear China, for all will be well.” In that moment, the trader, the investor, the anxious businessman, found a flicker of hope in those words, as if the heavens themselves were clearing, if only for an instant, of the storm clouds that have plagued the Sino-American relationship.
Assurément ! Même ces vendeurs paniqués, qui semble-t-il, ont oublié leurs bonnes manières, achètent à la hausse, tout comme des marchands en folie qui ne veulent pas manquer la fête. 🎉
According to a rather demure filing with the Securities and Exchange Commission, which emerged on Thursday, Louisbourg Investments has initiated its position in SSR Mining (SSRM), acquiring some 188,300 shares in the third quarter. The transaction, which amounted to $4.6 million, has been deemed a prudent investment, now representing approximately 1% of the firm’s assets under management, which stand at a most respectable $458.2 million.
With dips as scarce as hen’s teeth, throwing on shorts might seem like a cunning stratagem. Past flash crashes have famously bounced back with a V, but this bounce? Well, it’s playing hard to get-no guarantee it’ll blossom into a full-blown rally. Stay tuned, old sport!
Louisbourg Investments increased its stake in ATS Corporation (ATS) during the third quarter, adding 113,773 shares worth an estimated $3.3 million. As of the end of the quarter, the fund held a total of 215,295 shares of ATS, valued at $5.6 million, according to a recent SEC filing.
