Tuesday, November 10, 2009

Quicknote on Portfolios

I've positioned short now in aggressive, relevant accounts. I'm pinpointing closing at new highs for the SP500 and NDX as benchmarks for maximum loss (maximum before adjusting). I'm looking at a GS close above the 50-day MA (presently 177.80) as a bench for that particular trade.

In other accounts I am slightly net-short, considering the levered TWM position. The slight net-short exposure affords me being able to add onto new long set-ups without having to stick out my neck. Here too, the same benchmarks above will influence this exposure; I will not continue net-short if benchmarks are breached.

Aggressive Accounts:
-Total Position: ~2.5-to-1 net-short, considering levered (2x's) TWM hedge
-32% invested
overall
-Pure-longs = 12%

Currently Long (according to size): ASIA (4.3%), HRBN (4.2%), RINO (3.6%)
Currently Short (according to size):
-TWM-long (Russell 2k Dbl-short, 15%)
-GS (4.7%)
(Note: inverse-ETF TWM represents being dbl-short the respective index).
Futures Accounts: 20% Short Dec SPX, from 1090.25 (1-to-3 day trade for relevant accts)


Other Accounts:
-Total Position: ~1.5-to-1 net-short, considering levered (2x's) TWM hedge
-24% invested
overall
-Pure-longs = 13%

Currently Long (according to size):
HRBN (4.5%), ASIA (4.3%), RINO (3.5%)
Currently Short (according to size):
-TWM-long (Russell 2k Dbl-short, 11.2%)
(Note: inverse-ETF TWM represents being dbl-short the respective index).
Futures Accounts: NA

Monday, November 09, 2009

Process of Illumination (bearcare for dummies)

Process of Illumination (bearcare for dummies) posted earlier at Evil Speculator - here.

-Total Position: ~1.33-to-1 net-short
, considering levered (2x's) TWM hedge
-21% invested
overall
-Pure-longs = 12%


Currently Long (according to size): ASIA (4.3%), HRBN (4.2%), RINO (3.6%)

Currently Short (according to size):
-TWM-long (Russell 2k Dbl-short, 8.8%)
(Note: inverse-ETF TWM represents being dbl-short the respective index).

Futures Accounts: 20% Short Dec SPX, from 1090.25 (1-to-3 day trade for relevant accts)

Sunday, November 08, 2009

A Trader's Guide to Secondary Offerings (Part 2)

The latest Trader's Guide posted earlier today at Evil Speculator here.

Current Holdings:


-Total Position: ~1.3-to-1 net-long, considering levered (2x's) TWM hedge
-24% invested
overall
-Pure-longs = 17%


Currently Long
(according to size): DGW (5.4%), ASIA (4.1%),HRBN (4.1%), RINO (3.7%)

Currently Short (according to size):

-TWM-long (Russell 2k Dbl-short, 6.8%)
(Note: inverse-ETF TWM represents being dbl-short the respective index).

Futures Accounts:
no current position

Saturday, November 07, 2009

Night Gallery (forbidden city)



Friday, November 06, 2009

Quicknote (leaving beijing)




Still slacking-off here, having slept through much of the previous couple night shifts.

Yes, I've been up no later than 4 am each morning, after keeping eyes sharp the first 90 minutes each session from 10:30 to midnight, but I have little excuse for the chunks in between anymore.

The market has been mostly dull, I think you noticed, and I'm not ungrateful since it would have forced me to live two lives here.

Anyway, I'm flying-out today (which is like tomorrow for most of you, but we'll meet up on the other side of the Pacific at some point during the weekend).

I've been finishing up Part 2 of A Trader's Guide to Secondary Offerings (for the better part of all week now!). I just have to drizzle a bit of oil on it during the plane ride west and post it up later in the weekend.

I'm also going to chronicle more about this place - punish you with that as well.

美好的周末!

Wednesday, November 04, 2009

Quicknote (small and neutral still)

Slept through the night here for first time this week (although I was monitoring bleary-eyed on an hourly basis). Mostly a good thing, especially as accounts traded-up unconscious. However, I'm not going to be posting up the second installment of A Trader's Guide to Secondary Offers today, as I'm leaving now for a touristic-day of adventure and some fresh air.

Slacker!

-Total Position: roughly mkt-neutral, considering levered (2x's) TWM hedge
-25.5% invested
overall
-Pure-longs = 16%


Currently Long (according to size): DGW (4.4%), ASIA (3.8%), HRBN (3.7%), RINO (3.1%)

Currently Short (according to size):
-TWM-long (Russell 2k Dbl-short, 9.8%)
(Note: inverse-ETF TWM represents being dbl-short the respective index).

Futures Accounts: no current position

Tuesday, November 03, 2009

CD to Moonlight on Evil Speculator


Los Angeles and somewhere over there, November 3rd, 2009:


Centrifugal Deforest (CD) announced today it will begin (already) contributing content as a Guest Post Specialist (GPS) on the financial blogsite Evil Speculator.


While terms were not yet disclosed, it was reported the CD company picnic this year will switch to plastic wear and foam-chip cups, from 2nd hand paper plates and Dixie flutes.


The introductory post to ES regards the 3rd in a series of A Trader’s Guides - which seek to remind new and experienced traders alike that psychology is no pseudo science, and we are only as good as the last 3-legged stool we were sitting on.


A 4th installment (A trader’s Guide to Secondary Offerings, Part 1) has also posted.


Finally, the origin behind the CD name was also finally revealed. As it turns out, Centrifugal Deforest is derived from a bogus scientific theory that the catalyst behind the Earth’s accelerating rotation is akin to how ice skaters increase their rate of spin by bringing in the arms and crouching; the Earth’s old growth trees severing to illustrate the point.


CD expects to re-post most of the guest-content to ES, though no indication was given as to (why or) how.


When questioned why on accelerating Earth was he bringing CD onto the ES site, startled ES founder Mole was apparently taken aback:


“What, that guy hacked into my site? Hmm, okay, let me read it and I’ll get back to you.”