Friday, February 19, 2010

Updated Position (slightly net-long)

One big many faces.

Thus far, interest rate and equity markets are taking the Fed action in stride. I've covered a bit on the financial side (DB for now); I've added to longs (reloading TM and adding to NTGR); and I swapped metal-related longs - out of IAG and into TIE-long (which is slated to report on Monday, btw). I also covered yesterday's late-session Russell 2000 future shorts on the heels of the Fed's announcement re the discount rate.

I'm more long than short, not exactly committed to either face.

Total Position: ~1.20-to-1 net-long, 68% invested

Currently Long (according to size): TM (reloaded today, 7.8%); BEAV (7.1%); NTGR (increased today, 6.5%); TIE (reloaded today, 4%); SIRO (6.2%); MMR (5.3%); CISG (2.9%);

Currently Short: TWM-long (Russell 2k Dbl-short, 9%); MS (8%); JPM (6.4%); CSX (5.1%)

Futures Accounts: out 10% Mar Russell 2k short last night, 624.40 ave

Twittspitt for details

No comments: