Wednesday, November 18, 2009

Updated Position (re re re - long baby long!)

It may seem like I'm yo-yo-ing up and down and maybe I am (ha!). Actually I'm just grinding out a subtle living, while trying not to get struck crossing the freeway.

What cannot go down usually goes up and that is my experience. Today's early negative internals forced either faith or action, if you were holding longs; I took action. Later in the session though, it became subtly clear this ship ain't yet ready to sink.

If P then Q, right? Well then, if not-P then not-Q is also true - I'm getting long again.

Long and wrong - bring it on!

Total Position: ~2.25-to-1 net-long, considering levered (2x's) TWM hedge
-49.5% invested overall
-Pure-longs = 39%

Currently Long: (according to size): DGW (increased again today, now 8.1%), HMIN (7.9%), HEAT (looking to reduce tomorrow, now 7.4%), SHOO (5.3%), HRBN (reloaded today, 4.5%), RINO (reloaded today, 3.3%), CYD (2.4%)

Currently Short: (according to size): TWM-long (Russell 2k Dbl-short, 10.8%)
(Note: inverse-ETF TWM represents being dbl-short the respective index).

Futures Accounts:
-no current position (thankfully)

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