Continuously shorting IT stocks overnight and buying back at market open

While I&#x27;m not suggesting it&#x27;s a good strategy to short continuously, unless you short a hard to borrow stock, the borrowing fee for shorting a stock is typically much lower (as in 0.25% yearly) than the interest you can get on the cash you get to hold after short sell a stock (should be 4.5%-5% with the current fed funds rate).<p>So, other than the transactions fee, shorting a stock that doesn&#x27;t move is a way to arbitrage the spread between the Fed funds rate (minus 0.5% or so depending on your broker) and the stock borrowing rate.

I wonder if the author meant to pick Akamai (AKAM), not Alkami (ALKT). The latter is an odd choice among the rest of the picks. I suspect they have mixed up the names.

&gt; Should we trade telcos? &gt; Nope, BGP is a great protocol used in the Internet; it would be so difficult for a single name stock to take down the global Internet.<p>hahaha hahahahahaha hahahaha hahahahahahahahahah<p>this is a joke, right?<p><a href="https:&#x2F;&#x2F;www.kentik.com&#x2F;blog&#x2F;a-brief-history-of-the-internets-biggest-bgp-incidents&#x2F;" rel="nofollow">https:&#x2F;&#x2F;www.kentik.com&#x2F;blog&#x2F;a-brief-history-of-the-internets...</a>

There’s a decent amount of “good news overnight” because of time zones.<p>Samsung release earnings with higher than expected phone demand, Apple will drop. Apple releases higher device projections, TMC will rise. Nokia releases new projections, people say “oh yeah, Nokia is a thing”.

A better strategy might be to monitor social media to try and gain intel ahead of the market, but it&#x27;s a arduous task, even with LLMs.

Stocks can tick upwards (between close and open) and there may be more up days than down days destroying your strategy