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april@madhedgefundtrader.com

Time For Some Retail Therapy

Biotech Letter

The other week, while hiking through the Marin Headlands with my old climbing partner from my Everest days, I got a call that reminded me why contrarian investing can be so profitable.

My friend Janet, who runs a small biotech fund in Boston, was practically hyperventilating about Moderna (MRNA). Not because she was excited, mind you, but because she’d just watched her position get absolutely decimated.

“This thing is radioactive,” she said. “Nobody wants to touch anything vaccine-related.”

I had to laugh as I marveled at a red-tailed hawk circling overhead. Here’s a company that just proved mRNA technology works by generating over $60 billion in COVID vaccine revenue, and now it’s trading like a penny stock because people are tired of shots.

Sometimes the market’s stupidity is breathtaking.

Let me give you the numbers that matter. Moderna crashed 95% from its peak, meaning 100 shares that cost $50,000 at the top now go for $2,500.

The company sits on $6 billion in cash against just $745 million in debt. They’ve got 45 programs in development with seven in Phase 3 trials. Yet the stock trades like they’re going bankrupt tomorrow.

This is classic market overreaction, and I’m treating it as a generational buying opportunity.

The short sellers are having a field day with over 60 million shares short, representing nearly six days of trading volume. When sentiment eventually shifts, and it will, these shorts are going to get their faces ripped off. I’ve seen this movie before in biotech.

Here’s what everyone’s missing while they panic about RFK Jr. and vaccine skepticism.

Moderna isn’t just a vaccine company anymore. Their mRNA platform is like having a universal programming language for human cells.

Tell the cell what protein to make, and it makes it. Cancer treatment, heart disease, genetic disorders – the applications are enormous.

Their melanoma vaccine with Merck (MRK) is in Phase 3 trials showing solid results. They’re working on renal cell carcinoma and bladder cancer treatments.

The beauty of mRNA is once you crack the code for one disease, adapting it for others becomes much faster and cheaper than traditional drug development.

The financial projections tell the real story. Yes, they’ll lose money through 2027 – $10.04 per share in 2025, $7.37 in 2026, $4.44 in 2027.

But look at the trend: losses shrinking by 26.58% and 39.75% while revenues grow 17.31% and 26.16%. Sales hit $3.07 billion by 2027, up from $2.08 billion in 2025.

That’s not a dying company. That’s a business transitioning from pandemic windfall to sustainable commercial operation while building the next generation of medicines.

The AI angle is huge, but nobody’s talking about it.

Artificial intelligence is already accelerating drug discovery, and mRNA technology is perfectly suited for AI-driven development. Machine learning can rapidly design and test new sequences, giving Moderna a massive advantage.

Bill Gates recently put the odds of another pandemic at 10-15% in the next four years, with a severe one “likely” in 25 years. I don’t like those odds, but they explain why I view Moderna as portfolio insurance.

Some investors buy gold to hedge against financial catastrophe. I’m buying Moderna to hedge against biological catastrophe, with massive upside if their pipeline delivers.

The insider buying has been notable, too – three executives dropped $1-3 million of their own money on shares recently. When management puts skin in the game at these prices, it tells you something.

My strategy is straightforward: small speculative position with huge upside potential.

At $25 per share, I’m essentially buying a long-term option on mRNA technology and pandemic preparedness with no expiration date. The high volatility also makes this perfect for covered call strategies to generate income.

The bears aren’t wrong about near-term headwinds.

Vaccine fatigue is real, regulatory environment is challenging, and they face years of losses while building commercial operations.

But these temporary issues are creating exactly the kind of opportunity contrarian investors dream about.

I’ve been doing this for 40 years, from Tokyo in the 1970s to running hedge funds through multiple market crashes. The best returns come from proven technology platforms trading at distressed valuations due to temporary sentiment problems. Moderna checks every box.

Look, when a company with $6 billion in cash and technology that could cure cancer trades for less than a decent bottle of wine, you don’t need to be a rocket scientist to spot the opportunity. I suggest you buy the dip.

https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 april@madhedgefundtrader.com https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png april@madhedgefundtrader.com2025-05-29 12:00:082025-05-29 12:06:37Time For Some Retail Therapy
april@madhedgefundtrader.com

May 29, 2025

Diary, Newsletter, Summary

Global Market Comments
May 29, 2025
Fiat Lux

 

Featured Trade:

(The Mad Hedge June traders & Investors Summit is ON!)
SPECIAL EARLY RETIREMENT ISSUE
(HOW TO JOIN THE EARLY RETIREMENT STAMPEDE)

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Douglas Davenport

THE FUTURE IS HERE, AND IT’S FIXING YOUR TERRIBLE POWERPOINTS

Mad Hedge AI

(META), (GOOGL), (MSFT), (ADBE)

I’m sitting in my kitchen at 6:47 AM, watching some overly caffeinated CEO on CNBC promise that his company’s latest AI breakthrough will “fundamentally transform human productivity forever.” You know the drill — same hype, different haircut.

But then the chyron flashed a number that made me nearly choke on my oatmeal: $3.7 billion in AI startup funding. In April alone. 

Now, I’ve seen enough Silicon Valley math to know when someone’s playing fast and loose with their calculator, but this wasn’t venture capital creative accounting. We’re talking about roughly $123 million changing hands every single day, including weekends when most of these founders should theoretically be taking a break from “disrupting everything.”

Here’s what’s ironic about this feeding frenzy: while everyone’s losing their minds over dollar signs, the really smart money is quietly making a much more boring — and profitable — bet.

The AI revolution isn’t happening in some dystopian robot uprising scenario. It’s happening in Susan from marketing finally being able to create a decent product demo video without calling her nephew who “knows computers.”

The industry calls this shift “rich media generation,” which sounds like something a McKinsey intern cooked up while nursing a $14 almond milk latte. But stick with me here.

What it actually means is that AI has stopped trying to pass the Turing test and started trying to pass the “will my boss actually pay for this?” test. Spoiler alert: the second test is way harder.

Take OpenAI’s recent product launches. They’ve got GPT-4o, then 4.1, but they’re phasing out 4.5? Meanwhile, they’re quietly building image generation directly into ChatGPT because they figured out that people would rather create a meme than debate philosophy with a chatbot. Revolutionary? Maybe not. Profitable? Absolutely.

Meta’s (META) playing an even more interesting game, though they’re catching flak for allegedly juicing their benchmark scores — because apparently even AI companies can’t resist the urge to massage their performance metrics.

But while everyone’s arguing about test scores, Meta’s building multimodal AI systems that can actually handle the messy, multimedia reality of how businesses really work. Their new Llama 4 lineup spans from the absolutely massive “Behemoth” model down to the more practical “Scout” version.

Google’s (GOOGL) counter-punch with Gemini 2.5 feels almost defensive, which is fascinating to watch. When was the last time Google looked like they were playing catch-up in anything?

But their focus on complex reasoning tasks suggests they’re betting that enterprises will pay premium prices for AI that can actually think through multi-step problems rather than just generate prettier pictures.

Now, if you’re wondering where to put your money in this beautiful chaos, let me save you some research time. 

The obvious plays are the usual suspects — Meta, Google, Microsoft (MSFT) — but the really interesting action is happening in the companies that figured out how to be Switzerland in an AI world war.

Adobe (ADBE) is quietly becoming the arms dealer of the creative AI revolution. They’re not picking sides in the AI Hunger Games — they’re selling popcorn, tickets, and ad space in the arena. They’re building Firefly as a platform that lets users mix and match AI models like they’re building a playlist. It’s brilliant, really.

While everyone else fights over whose model is superior, Adobe just shrugs and says, “Why not try them all?” Their Creative Cloud integration means they’re essentially renting out digital real estate to AI companies while collecting subscription fees from the users.

But here’s where the tea leaves get really interesting, and why I think most people are reading this market completely wrong.

Safe Superintelligence just raised $2 billion with essentially no product, no revenue, and a business plan that basically amounts to “trust us, we’ll figure out artificial general intelligence.” That’s not a red flag — that’s a Cirque du Soleil performance of financial delusion.

Yet the money keeps flowing because everyone’s terrified of missing the next Google. The problem is, for every Google, there are approximately 47 companies that burned through billions of dollars perfecting solutions to problems nobody actually had.

The companies getting smart money aren’t the ones promising to solve consciousness; they’re the ones solving Excel.

Runway raised $307 million to make video generation actually useful for businesses. Capsule is focusing on helping companies create on-brand content without hiring agencies.

ByteDance is building AI tools that integrate with workflows people already use. These aren’t going to change the fundamental nature of human existence, but they might actually turn a profit.

The European Commission’s new AI Continent Action Plan isn’t just bureaucratic theater either. When politicians start throwing around terms like “digital sovereignty” and proposing to fund 13 AI factories, that’s usually code for “we’re about to start writing very large checks.”

Government contracts have a magical way of turning experimental technology into essential infrastructure.

For those of us actually trying to make money rather than just sound smart at dinner parties, this creates a fascinating investment landscape. The safe play remains betting on companies that have both the resources to acquire promising startups and the existing business models to integrate AI profitably.

But the real alpha (and the real risk) lies in identifying which emerging companies will become acquisition targets versus which ones will join the growing graveyard of overfunded AI startups.

So, here’s my read on the current moment: we’re transitioning from the “AI can do amazing things in controlled demos” phase to the “AI can do useful things in messy reality” phase.

Because sometimes, the future isn’t built on quantum dreams or digital prophets — it’s built on helping Susan from marketing finally make a decent PowerPoint.

https://www.madhedgefundtrader.com/wp-content/uploads/2025/05/Screenshot-2025-05-28-150919.png 494 740 Douglas Davenport https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png Douglas Davenport2025-05-28 15:07:122025-05-28 15:12:41THE FUTURE IS HERE, AND IT’S FIXING YOUR TERRIBLE POWERPOINTS
april@madhedgefundtrader.com

May 28, 2025

Tech Letter

Mad Hedge Technology Letter
May 28, 2025
Fiat Lux

 

Featured Trade:

(MY TOP 3 CYBER PROTECTION FIRMS)
(PANW), (CRWD), (ZS)

https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 april@madhedgefundtrader.com https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png april@madhedgefundtrader.com2025-05-28 14:04:142025-05-28 15:08:01May 28, 2025
april@madhedgefundtrader.com

My Top 3 Cyber Protection Firms

Tech Letter

With the world being so chaotic and volatile, there has never been a better time to invest in AI-infused cybersecurity stocks.

Global corporations are falling over themselves to sign up for the latest cyber defense. These contracts are the gold standard, and the increase is helping cyber defense make a name for itself.

Even though margins are starting to get squeezed in many sub-sectors of tech, tech firms aren’t skimping on defense protection.

These are three of my top picks in the cybersecurity area, and readers would do well to sprinkle of good dose of these companies into their tech portfolio.

 

1. Palo Alto Networks

Palo Alto Networks (PANW) is in the midst of a transformation from being largely a provider of next-generation firewalls to becoming a comprehensive cybersecurity platform. Last year, it embarked on a new “platformization” strategy where it stopped selling new point solutions and began consolidating customers onto one of its three main cybersecurity platforms. To do this, it gave away some of its services for free to entice customers to ditch disparate point solutions and centralize on its platforms.

Thus far, the strategy appears to be working, with 1,150 of its top 5,000 customers now using one of its platforms. It hopes to have 2,500 to 3,500 platformization customers by fiscal year 2030. Its main platform is network security, but it has also been seeing a lot of growth coming from its threat detection and response solution, Cortex, and its cloud security solution, Prisma Cloud.

I executed a deep-in-the-money call spread in PANW after the stock sold off on the earnings call. I am highly excited about the future of this cybersecurity stock. 

 

2. CrowdStrike

CrowdStrike (CRWD) is another cybersecurity company that should benefit from the trend of companies looking to consolidate their cybersecurity needs onto a single platform. The company is best known as the leader in endpoint security, which is the protection of devices connected to a network, such as a smartphone or laptop. In fact, it is regularly at the top of Gartner’s rankings for best endpoint security.

The company offers a comprehensive suite of cybersecurity protection, including threat intelligence, zero trust, logscale SIEM (log management and threat detections), and cloud security. And its flexible licensing and procurement service, Falcon Flex, is helping drive adoption of its modules.

Falcon Flex gives customers the flexibility to quickly deploy CrowdStrike solutions when and where they need them. Last quarter, 67% of CrowdStrike’s customers deployed five or more of its modules, while 21% used eight or more.

 

3. Zscaler

Zscaler (ZS) is a leader in zero-trust security, a model based on the principle that no user or device should be trusted. Instead, access to applications and data must be continuously verified, authorized, and revalidated to ensure security at every step.

Zero trust is becoming an increasingly important part of the cybersecurity landscape, and the company has been doing a great job of upselling its customers to new zero-trust systems. These include its Zscaler Private Access, which is being used to replace virtual private networks (VPNs), including within the federal government. Other products gaining traction include Zscaler Digital Experience, Zero Trust for Branch, and Cloud.

It has also moved into data security to help prevent data loss in public AI apps. Last quarter, it saw a 40% increase in annual contract value for its data security products.

 

 

 

https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png 0 0 april@madhedgefundtrader.com https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png april@madhedgefundtrader.com2025-05-28 14:02:482025-05-28 15:07:44My Top 3 Cyber Protection Firms
april@madhedgefundtrader.com

May 28, 2025

Jacque's Post

 

(THE BIG PUSH INTO NUCLEAR)

 

May 28, 2025

 

Hello everyone

 

WEEK AHEAD CALENDAR

MONDAY MAY 26

9:20 a.m. Euro Area ECB Lagarde Speech

NYSE closed for Memorial Day holiday

 

TUESDAY MAY 27

8:30 a.m. Durable Orders preliminary (April)

9:00 a.m. FHFA Home Price Index (March)

9:00 a.m. S&P/Case Shiller comp. 20 HPI (March)

10:00 a.m. Consumer Confidence (May)

10:30 a.m. Dallas Fed Index (May)

Earnings: Auto-Zone

 

WEDNESDAY MAY 28

10:00 a.m. Richmond Fed Index (May)

2:00 p.m. FOMC Minutes

Earnings: Nvidia, HP, Snopsys, Agilent Technologies, Salesforce

 

THURSDAY MAY 29

8:30 a.m. GDP second preliminary (Q1)

8:30 a.m. Initial Claims (05/24)

10:00 a.m. Pending Home Sales Index (April)

Earnings:  Costco Wholesale, Ulta Beauty, Dell Technologies, NetApp, Hormel Foods

 

FRIDAY MAY 30

8:30 a.m. Core PCE Deflator (April)

8:30 a.m. PCE Deflator (April)

8:30 a.m. Personal Consumption Expenditure (April)

8:30 a.m. Personal Income (April)

8:30 a.m. Wholesale Inventories preliminary (April)

9:45 a.m. Chicago PMI (April)

10:00 a.m. Michigan Sentiment final (May)

 

THE NUCLEAR INVESTMENT THEME IS GAINING MOMENTUM

Nuclear power is set to play a key role in the transition to energy that emits less carbon, according to Goldman Sachs.

The bank argues that over the past four years, we have seen significant growth in nuclear investment, with a compound growth rate of 14% compared to 1% before 2020.

With the election of Donald Trump as President of the U.S., the policy environment has also become favourable, and with several executive orders already signed, we should see an escalation in nuclear deployment.

The investment bank points to these stocks as ways to gain exposure to the trend.

 

Cameco Corp – is one of the largest uranium mining companies in the world with a $25 billion market capitalization.  It owns stakes in two mines in Canada and one in Kazakhstan.  Goldman rates Cameco as buy with a price target of $65, suggesting 11% upside.

I first recommended Cameco on March 1, 2024, when it was priced at $ 43.32.

It remains in our portfolio.

Vistra – The independent power producer owns a generation portfolio of 41 gigawatts, including 6.5 gigawatts of nuclear.  Vistra is considered a candidate to strike a power agreement with a data centre or other large customer for nuclear.  Goldman is neutral on Vistra with a price target of $134, implying 15% downside.  I first recommended Vistra on January 6, 2025, when it was priced at $163.95.  It will stay in our portfolio.

++++++++++++++++++++++++++++++++++++++++++++++++

The yo-yo decision-making of Mr Trump has continued, much to the frustration of investors and traders alike.

Last week, Mr Trump called for a 50% tariff on EU goods to begin on June 1.  Not too long after this, he backtracked and indicated that this rollout would only begin to take place on July 9.

Everyone is looking for some continuity in policy – an even path – instead of navigating an unknowable maze.

Nvidia (NVDA) is set to report on Wednesday after the bell.  Investors are hoping that strong results and a positive outlook from Nvidia could boost the recent outperformance in tech.  Nvidia has rallied 20% this month.  Higher bond yields have kept the market in check; however, a good earnings report may return some positivity to the market.

On the geopolitical front, Australia is considering joining the UK, France, and Canada as these countries contemplate imposing sanctions on Israel due to the country’s restricting food aid into the country.

 

MARKET UPDATE

S&P500

The index has weakened from the May 19 high at 5969.  As the market is overbought, we could see this top in place for a few weeks.  A range-bound market looks likely in the near term, but we cannot rule out sudden moves in either direction.  Mass psychology is not controlling this market now.  Rather, it is being moved by one person, or a handful of people who are making decisions at random, which is leading to frazzled investors and weary and wary traders.  Uncertainty and volatility in the markets may be a theme for the foreseeable future.

Resistance:  5860/75, 5960/75

Support: 5760/75, 5685/20 area, 5530/45

 

GOLD

Gold remains controlled by quite tight and erratic market moves, and this is part of the formation of a larger topping pattern.  Expect more uneven market moves as gold unwinds momentum.

Resistance:  $3362/70, 3430 area

Support:  $3270, $3195/05, $3130

 

BITCOIN

Bitcoin finally broke the Jan peak at 109.4k, recently reaching a new all-time high at 112k.  There will probably be some digestion of this recent move now, and we could see some consolidation and/or some retracement price action.  Look for signs of slowing momentum, tight ranges.

Resistance: 112.7/113.2k

Support: 105.2/105.7/99.2/93

 

QI CORNER

 

 

 

Alex Selby-Boothroyd

(Head of Data Journalism)

 

 

HISTORY CORNER

On May 26

 

 

 

 

 

SOMETHING TO THINK ABOUT

Steven Paterson

Market makers (MMs) don’t just operate on math – they operate on psychology, especially in high-leverage, retail-heavy markets like crypto.

Here’s how they stalk and bleed prey like overexposed whales or emotional traders to total exhaustion.

 

 

 

 

MY CORNER

 

This is Sunday midday.  It’s bike heaven near where I live every weekend.

 

 

Cheers

Jacquie

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april@madhedgefundtrader.com

Trade Alert – (MSTR) May 28, 2025 – STOP LOSS – SELL

Trade Alert

When John identifies a strategic exit point, he will send you an alert with specific trade information as to what security to sell, when to sell it, and at what price. Most often, it will be to TAKE PROFITS, but, on rare occasions, it will be to exercise a STOP LOSS at a predetermined price to adhere to strict risk management discipline. Read more

https://www.madhedgefundtrader.com/wp-content/uploads/2016/02/Alert-e1457452190575.jpg 135 150 april@madhedgefundtrader.com https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png april@madhedgefundtrader.com2025-05-28 11:08:462025-05-28 11:08:46Trade Alert – (MSTR) May 28, 2025 – STOP LOSS – SELL
april@madhedgefundtrader.com

May 28, 2025

Diary, Newsletter, Summary

Global Market Comments
May 28, 2025
Fiat Lux

 

SPECIAL MEMORIAL DAY ISSUE

Featured Trade:
(A TRIBUTE TO A TRUE VETERAN)

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MHFTR

A Tribute to a True Veteran

Bitcoin Alerts, Diary, Homepage Posts, Newsletter, Research

The onset of the pandemic found me on an obscure, deserted coral ridge in the Solomon Islands in a remote corner of the South Pacific. The jungle was lush, and malarial mosquitoes alighted in clouds. I was looking over the capital city of Honiara on the main island, whose name is honored by all the Marine Corps. veterans:

Guadalcanal.

I had to hold back the tears as I dug through the foxhole on Hanekin’s Ridge defended by my Uncle Mitch during one of the most violent hand-to-hand battles of WWII. I found dozens of 6.5 mm Japanese Arisaka copper jacketed shells, along with an assortment of unexploded hand grenades, mortar shells, and 30 caliber machine gun casings.

I repeated the same at the base of Hill 27, where my then 19-year-old father fought a similar pitched battle. The battle was later chronicled in the 1998 movie The Thin Red Line. His suffering had to be immense. The reason he stayed in California is that visits to his native Brooklyn, NY, triggered his malaria. Dad never talked about the war.

 

Gingerly Handing a Live Japanese Grenade

 

Last Monday was Memorial Day in the United States.

I’ll be putting on my faded Marine Corps fatigues, with gold railroad track bars on my major’s oak leaves on my collar, and leading the hometown’s parade.  

Since job prospects for high school graduates in rural Pennsylvania were poor in 1936, Mitch walked 200 miles to the nearest Marine Corps recruiting station in Baltimore.

After basic training, he spent five years rotating between duty in China and the Philippines, manning the fabled gunboats up the Yangtze River.

When WWII broke out, he was a seasoned sergeant in charge of a machine gun platoon. That put him with the seventh regiment of the First Marine Division at Guadalcanal in October 1942. He missed the notorious Bataan Death March by weeks.

When the Japanese counterattacked, Mitch was put in charge of four Browning .30 caliber water-cooled machine guns and 33 men, dug in at trenches on a ridge above Henderson Field.

 

A Zero Fighter Wing

 

The Japanese launched massive waves of suicide attackers in a pouring tropical rainstorm all night long, frequently breaking through the lines and engaging in fierce hand-to-hand combat.

If the position fell, the line would have been broken, leading to a loss of the airfield and possibly the entire battle. WWII in the Pacific would have lasted two more years.

After the first hour, all of Mitch’s men were either dead or severely wounded, shot or slashed with samurai swords. So, Mitch fired one gun until it was empty, then scurried over to the next, and then the next. In between human waves of banzai attackers, he ran back and reloaded all the guns.

To more easily pitch hand grenades, he cut the arms off his green herringbone fatigues. When the Japanese launched their final assault and then retreated, he picked up a 50-pound Browning, cradled it in his arms, and ran down the hill after them, firing all the way, and burning all the skin off his left forearm.

Mitch’s commanding officer, Col. Herman H. Hanneken, heard the guns firing all night from the field behind. He was shocked when he visited the position the next morning, finding Mitch alone in front of a twisted sea of 2,000 Japanese bodies.

Mitch was awarded the Congressional Medal of Honor by General “Chesty” Puller at the Melbourne Cricket Grounds in Australia a few months later.

 

The Medal of Honor

 

After the war, Mitch, now a captain, was handed the plum of all Marine Corps jobs, acting as the liaison officer with Hollywood. He provided the planes, ships, Marines, and beaches needed to make the great classic war films.

He got to know stars like John Wayne, Lee Marvin, and yes, even Elvis Presley, who he described as “a very nice boy.” The iconic fictional hero in the 1949 film, Sands of Iwo Jima, the quiet, but strong Sergeant John M. Striker, was modeled after Mitch.

Tradition dictated that all military officers saluted Mitch, even five-star generals, and he was given a seat to attend every presidential inauguration from FDR on. When Mitch became too old to attend, I took that seat. Pacific countries issued stamps with his image, and Mattel sold a special GI Joe in his likeness, which I have.

When Mitch got older and infirm, I used my captain’s rank to escort him on diplomatic missions overseas to attend important events, like the D-Day 40th anniversary in Normandy.

The Top of Hill 27

 

Whenever Mitch was in town, he would join me for lunch with some of my history-oriented hedge fund clients and a more humble and self-effacing guy you never met. He occasionally scratched the massive scars on his forearm, which still bothered him after half a century.

I used to confess to my fellow traders present, “It makes what we do for a living look pretty feeble, doesn’t it?”

 

What’s Left of a Marine Corsair Shot Down

 

Mitch passed away in 2003 while he was working as a technical consultant to the pre-production of the HBO series, The Pacific, an absolute must-see for all armchair historians.

The principal character in the series is an amalgam of Mitch and John Basalone, another Medal of Honor winner at Guadalcanal. Basalone later died leading a charge on Iwo Jima, so his name was used in the film for dramatic effect.

The funeral in Riverside, California, was marked by a lone eagle, which continuously circled overhead. According to the Indian shaman present, this only occurs at the services for great warriors.

A dozen living Medal of Honor winners accompanied the casket. Boy, the Marines can sure put on a great funeral, perhaps because they have had so much practice.

When I get back from my parade, I’ll take out the samurai sword Mitch captured on that fateful day, a 1692 Muneshige, the hilt still scarred with 30 caliber slugs, and give it a ritual polishing in sesame oil and powdered deer horn, as samurai have done for a millennium.

While in Guadalcanal, I managed to dig up several dog tags from Marines missing in action that were still legible after 78 years in the ground. The Marine Historical Division in Quantico Station, Virginia, is tracing them so I can return them to the families.

To read more about the First Marine Division’s campaign during the war, please read the excellent paperback, The Island: A History of the First Marine Division on Guadalcanal by Herbert Laing Merillat, which you can buy by clicking here.

To buy the DVD, The Pacific, click here.

 

Mitchel Paige

 

 

Hanneken’s Ridge in 1942

 

Hanneken’s Ridge Today

 

A 30 Caliber Machine Gun

 

A US Wildcat Fighter Crash Landed

 

Marines Who Didn’t Make It Back

 

 

https://www.madhedgefundtrader.com/wp-content/uploads/2018/05/Man-with-medal-image-2-e1527280632711.jpg 383 300 MHFTR https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png MHFTR2025-05-28 09:02:542025-05-28 14:29:11A Tribute to a True Veteran
MHFTR

May 28, 2025 – Quote of the Day

Diary, Newsletter, Quote of the Day


“No better friend, nor worse enemy,” says the motto of First Division of the US Marine Corps.

 

https://www.madhedgefundtrader.com/wp-content/uploads/2013/05/Guadalcanal-Patch.jpg 377 302 MHFTR https://madhedgefundtrader.com/wp-content/uploads/2019/05/cropped-mad-hedge-logo-transparent-192x192_f9578834168ba24df3eb53916a12c882.png MHFTR2025-05-28 09:00:412025-05-28 14:28:20May 28, 2025 – Quote of the Day
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