Wednesday, February 24, 2010

Updated Position (knocked neutral)

Back and forth here continuing still. Yesterday's negative action appeared to have traction and I'll admit to being surprised at finding the opposite tape today. I'm not going to be any less mercurial than the market itself, but at the same time I will start scaling back if I can't keep things working.

Total Position: ~1.1-to-1 net-long, 76% invested

Currently Long (according to size): NTGR (7.3%); BEAV (6.9%); QLD (added today, 6.4%); SIRO (6.2%); BUCY (5.4%); NETL (5%); CISG (2.9%)

Currently Short: TWM-long (Russell 2k Dbl-short, decreased today, 6.4%); MS (8.2%); JPM (6.5%); GS (6.3%); CSX (5.1%); DST (4.1%)

Futures Accounts: Out NDX Mar future short, 1815.25

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