rob zdravevski's blog

Fuel products – a better short?

I think the risk/reward of being long fuel crack spreads is a bad bet.

Similar to semiconductors and DRAM (memory), fuel products are commodities.

November 6, 2026

rob@karriasset.com.au

Beware of siren’s song saying “buy the dip”

Over the weekend, in relation to the recent carnage seen in AI related stocks, I predict the media and investing pundits will publish the ‘buy the dip’ headline.

The song of the siren can lure in unweary investors and speculators during euphoria and despondency.

These recent notes of mine remain valid once this new song has finished playing.

November 6, 2026

rob@karriasset.com.au

$6 trillion of sales proceeds to be rotated

It is not a preposterous notion for NVIDIA’s stock price to decline to $120.

With a current market cap of $5 trillion.

Can you imagine the capital destruction?

More excitingly (apart from shorting the stock), is to imagine where those proceeds are deployed.

Imagine the effect of shoving $2 trillion of raised proceeds from this stock and at least $1 trillion from 4 other companies will have on other equity prices……

November 4, 2026

rob@karriasset.com.au

Still not there for data centre stocks

Here is a picture of Chinese data centre developer/operator and data services provider, GDS Holdings.

It’s recent distance above a long term mean was saying ‘stay away’.

It was also a metaphor for the stock prices of other data centre operators.

Additionally, I wrote this note, 3 months ago.

Reverting to the mean doesn’t always signal the end of a decline.

My read says that it still goes lower.

Next stop is HK$16.25.

November 4, 2026

rob@karriasset.com.au

Swimming with the AI trade

In many instances, stocks swimming with the AI tide, peaked around June 2026.

In most cases, many investors who have ‘gone long’ over the past 12 months are still underwater.

The tide still has some distance before it’s done receding.

Watching Palantir extremes

Palantir (PLTR US) was a terrific stock to own $7 but not so above $140.

Put that recent return in perspective.

But more importantly, I expect it to halve, in short order.

Furthermore, in the absence of any fraud, the stock price shouldn’t see $7 again.

November 3, 2026

Check yourself before you wreck yourself – SOX

Why on earth would you be ‘long’ the SOX or any related semiconductor stocks….

Whether that is today or at anytime over the past 12 months….

November 3, 2026

rob@karriasset.com.au

A washout in the Chinese CSI 300

November 3, 2026

Gold bugs are quiet !

Platinum and Palladium may trough before other precious metals.

Here is the USD Gold price.

See you 20% lower…….

November 3, 2026

rob@karriasset.com.au