When I step back and sell out of my core telecom holdings, I am usually expecting a deeper market pullback driven by intense operational friction and accelerating customer loss. I want to buy back ownership at a lower price once the selling pressure peaks. However, my recent attempt to play the downside on telecom assets did not work out in my favor... and that was not the first time I thought it was "about to dive." The Misjudged Thesis & Technical Resilience I shorted my telecom assets thinking the customer losses across legacy providers would be far more intense and drastic. The headline noise... heavy corporate debt, continuous capital expenditures, and looming space-based satellite threats like SpaceX... made the bear case look straightforward. But the actual quarterly numbers proved otherwise. I am seeing that AT&T and Verizon are holding their customers remarkably well, while Comcast continues to demonstrate that physical, wired infrastructure holds an esse...
Systems, Iron, and Yield: Periodical logs on programmatic trading, augmented infrastructure income, and the discipline of a structured life by an algorithmic quant Trader.
A periodical by Michael Medeiros