Tuesday, June 02, 2009

Quick Update on Position

I reduced some positions early yesterday (nothing dramatic) and added a partial hedge at the close with SKF. I swapped gold stocks (out of LIHR and into AU). I'm a little under the weather and may keep commentary light, but am continuing to convey trades live via Twitter.

Total Position: 10.4-to-1 net long (plays 5.2-to-1 net short considering leveraged SKF); 37% invested

Currently Long (according to size): CYOU (9.4%), AU (5.6%), PZZA(4.5%), ASIA (4.3%), PEET (3.4%), SNDA(3.2%), MRVL(3%)

Currently Short (according to size):
SKF-long (new, 3.2%; Fncl's Dbl-short)
(Note: inverse-ETF SKF represents being dbl-short the PCSE Financial index)

Futures Accounts:
-Short 20% Jun Euro 1.4138 ave.
-Short 10% Jun BR Pound, 1.6180

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