TXG: Adding 10x Genomics to Investing Ideas (Short Side)

07/07/22 02:40PM EDT

Hedgeye CEO Keith McCullough is adding 10x Genomics (TXG) to the short side of Investing Ideas. Below is a brief note.

There are > 50 high quality (i.e. Shorts that have generated alpha and continue to signal Bearish on both my TRADE and TREND durations) Hedgeye Shorts that I could have had on coming into today... 

But I did not.

Coaching Notes:

A) I don't coach "short and hold"
B) I coach covering on red and re-shorting on green
C) I coach patience and process

The only thing that's changed since my cover TXG signal is time and space. In fractal (and life) terms, that's an important thing to solve for!

Now you get re-short more on green on #decelerating volume with panic-ridden hedge funds doing the opposite of my aforementioned ABCs.

Healthcare analyst Tom Tobin remains The Bear on TXG. See his Healthcare Pro research product on why,

KM

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