Thursday, November 19, 2009

Updated Position (+Trader's Guide to Sipping Kool Aid)

A Trader's Guide to Sipping Kool Aid was just posted to Evil Speculator here.

I reduced overall exposure to under 50% today, while moving to slightly net-short (for now!). The Chinese growth names kept me from trouble today - tomorrow though, I don't know. Can't say i'm in love with the deteriorating action in the rest of the market.

Total Position: ~1.25-to-1 net-short, considering levered (2x's) TWM hedge
-44.6% invested overall
-Pure-longs = 25%

Currently Long: (according to size): HMIN (reduced today, now 5.7%), DGW (reduced today, now 4.5%), HEAT (reduced today, now 4.4%), HRBN (4.4%), RINO (3.5%), CYD (2.3%)

Currently Short: (according to size): TWM-long (Russell 2k Dbl-short, 16%), COF (new today, 4%)
(Note: inverse-ETF TWM represents being dbl-short the respective index).

Futures Accounts:
-reloaded 20% short Dec Euro, from 1.4922 overnight tonight; relevant accts only

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