Rick Bandazian Jr.
@Off_The_Tape
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- Event-Driven / Global Macro - https://t.co/hdbNUUDHS8 - www. - not inv advice and blah blah blah ...
Joined March 2016
Honored to be included. Grateful to @jackschwager and @gfc4 for the opportunity.
The upcoming Market Wizards book is approaching completion. As such, @jackschwager and I have decided to release the names of the traders included in the book and their associated X handles. Here they are: Kristjan Kullamägi @Qullamaggie Lance Breitstein @TheOneLanceB Simon
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$CZR $VICI But the proposals from Fertitta and Icahn Enterprises both involve structuring the deal in a way that would allow the company to be split up without Vici's consent, those people said ...
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Nasdaq/Russell: In a "broken world" (oil, hoarding, private-credit, the list goes on and on), despite capex, maybe Tech will once again become a "safe-haven" (the cleanest shirt in the dirty laundry). Tempted to unwind the Russell side, but waiting for a good reason (and/or
Nasdaq/Russell: Been waiting for a signal that the Nasdaq/Russell trade would begin to unwind. Positioning has recently become aligned for this to happen, maybe today is the beginning of this starting to play itself out. New data out later today. An excerpt from last week's
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FX observation: Several USD pair risk-reversals are at/near 1-mo lows suggesting possible reversals. Pairs that align w/ positioning: JPY, GBP, CHF.
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Event-Driven News: #Mergers #Acquisitions #EventDriven $UNF $CTAS $KMX $STRZ $FANG $RBNE $GPRK $BHR $JOB Cintas to Buy UniFirst for $310/Share in Cash & Stock *ACTIVIST STARBOARD IS SAID TO BUILD $350M STAKE IN CARMAX STARZ ENTERTAINMENT CORP. ADOPTS LIMITED DURATION
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$BL BlackLine Reaches Agreement with Engaged Capital and Strengthens Board with Addition of Two Independent Directors (this is the old SAP sit ...)
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FX observations: The largest delta week over week was net-lower in EUR. This pushed USD positioning above Neutral territory. USD is not presenting the same opportunity bias it was giving us in late Jan (see note below on how i calc this and why it paints a better mosaic on USD
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cbs: NEW—In a phone interview, President Trump told me the war could be over soon: “I think the war is very complete, pretty much. They have no navy, no communications, they’ve got no Air Force.” He added that the U.S. is “very far” ahead of his initial 4-5 week estimated time
Crude Oil "COULD" headlines (smells like silver at $120): - Oil Prices Could Hit $150 If Strait Of Hormuz Disruption Persists, Says Goldman Sachs - Oil Could Rise 50% If Iran Conflict Widens, Hartree’s Morse Says - Hormuz Closure Could Push Crude Toward $150, Macquarie Says -
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Crude Oil "COULD" headlines (smells like silver at $120): - Oil Prices Could Hit $150 If Strait Of Hormuz Disruption Persists, Says Goldman Sachs - Oil Could Rise 50% If Iran Conflict Widens, Hartree’s Morse Says - Hormuz Closure Could Push Crude Toward $150, Macquarie Says -
ENERGY: Not surprisingly, energy is now well within upper quartile positioning. Oil is in "silver-mode" so positioning is less relevant with these headlines. Both WTI and RBOB remain inside Upper Extreme territory while Heating Oil continues to make its way in that direction.
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Macro: most interesting positioning observations in the latest data: - Nasdaq at max Lower Extreme (nasdaq/russell pair still set up) - USD: true USD positioning back above neutral (after a significant week over week delta lower in EURusd) - Silver: Selling might be drying up
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Event-Driven News: #Mergers #Acquisitions #EventDriven $LW #Starboard $AGH $DOMH $UMAC $GEO $CXW $NATH @joeyjaws $ACLX $GILD $LSTA $VRT $LITE $COHR $SATS $HIMS $NVO #OnTilt #Kalshi #Polymarket $ATAI $KKR $ZIM $STRZ $PSX #Elliott $LYV $WBD $PSKY $NFLX $TCEHY *Activist Investor
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ENERGY: Not surprisingly, energy is now well within upper quartile positioning. Oil is in "silver-mode" so positioning is less relevant with these headlines. Both WTI and RBOB remain inside Upper Extreme territory while Heating Oil continues to make its way in that direction.
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Nasdaq/Russell: The pair has been working well since it set up a couple weeks ago and positioning is signaling the same bias. New deck out this weekend. https://t.co/vb1XSBoZBV
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ENERGY: an obvious observation, but I want to point out that my positioning data also tracks real-time delta-adjusted options to fully understand and paint a better mosaic on where positioning stands across asset-classes. Even before this afternoon's new positioning data, Energy
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Event-Driven News: #Mergers #Acquisitions #EventDriven $WSR $BX $TPG $QIPT $CYH $UNF $CTAS $SABR $CSU.cn Whitestone REIT attracts takeover interest, faces proxy fights, sources say (see post below for more color on this sit) Quipt Home Medical Receives Final Order Approving
$WSR Interesting thing here seems to be WSR's willingness to finally open the books and sign confi's (this has been a stubborn MD incorporated REIT during the MCB noise $15.20 bid in '25). NEW YORK, March 5 (Reuters) - Private equity firms including Blackstone BX.N and TPG TPG.O
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Sabre Corp | CONSTELLATION SOFTWARE INC: SCHEDULE 13D. SABR is up from ~$1 in only a few days on SABR's announcement of a poison-pill and color on Constellation's action (see post below). This filing is a "settlement", $CSU.cn is getting a board seat, a standstill is in place,
Event-Driven News: #Mergers #Acquisitions #EventDriven $AES $SABR $TGNA $TM $ASCUF $ZYME $BRK $MBUU $STKL $WBD $PSKY $NFLX on watch: AES, SABR, TGNA (traded off after the bell/offered pre) *PARAMOUNT TO BUY WARNER BROS. DISCOVERY FOR $31/SHARE ... Sabre Adopts Rights Plan as
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$WSR Interesting thing here seems to be WSR's willingness to finally open the books and sign confi's (this has been a stubborn MD incorporated REIT during the MCB noise $15.20 bid in '25). NEW YORK, March 5 (Reuters) - Private equity firms including Blackstone BX.N and TPG TPG.O
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