I've got no comment for this. Not sure what it means for any of the stocks he exited. But it is quite big losses. According to Bloomberg, David Einhorn (NASDAQ:GLRE) is telling his investors he's exited Greenlight's short in TransDigm (NYSE:TDG). The stock's higher by 33% YTD. Another short covered is Martin Marietta (NYSE:MLM). MLM is down about 20% YTD. In other moves, Greenlight has sold off long positions in Apple (NASDAQ:AAPL), Micron (NASDAQ:MU), Twitter (NYSE:TWTR), and Mylan (NASDAQ:MYL). Greenlight, says Einhorn, was down 9.1% in Q3 and is off 25.7% YTD (as of end of Q3).
When was the last time NASDAQ down more than 1% 2 days in a row by the way, at least a few months back my guess is
I think industrials might start pulling back. That may be the "handle" to a cup-and-handle in the weekly chart.
I would expect the same thing with the trade quarrels and all.. But what catches my eye is the divergence from the materials sector, they've been pretty much in lock step until August for some reason
