Many that know me will attest that I'm a matter-of-fact person who is stubborn when I feel like I've done my research and feel confident about a point that I'm making. When I'm making a point, I try to come up with my thesis first and then I look for evidence supporting or denying my position. I guess this would be similar to a poker player attempting to determine what hand their opponent has prior to making a betting decision. While human nature lends me (and us all) to usually sticking to our point of view, I tend to seek out articles, videos, and also feedback from my inner circle and my Mansa Musa network to pressure test my point of view. Like traveling through a car wash, pressure testing my thoughts involves me finding viewpoints that may differ from mine and cleaning up my thesis.
Thesis on Twitter
Twitter has been one of those few "investments" you've seen me write about recently. There is nothing magical about my trade except for the fact that I believe Twitter was a valuable position once Elon declared he was interested in purchasing the company. I gained more confidence as I learned about the terms of the investment and how the requests for data were provided to Elon.
So, let's fast forward to last week as I finally got the news I had originally expected. Last week, Elon Musk's lawyers reached out to Twitter requesting the trail be put on hold and that his investment in the company would proceed as previously communicated. In basic terms, Elon either saw or was advised that the outcome may not be leaning in his favor. I'll keep an eye on Twitter and Elon news as I look forward to Elon finalizing the acquisition.
Full Disclosure: I own Twitter in both my personal and retirement account portfolios and picked up this position AFTER Elon discussed his interest in purchasing the company. I've traded TWTR before and those positions were small but profitable (but I'll do some research to confirm how profitable). This is a simple arbitrage play. Elon says he was going to purchase the company, so I built a small position banking on closure of this deal.
#arbitrage #Urbanomics #Twitter #ElonMusk
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