Thursday, March 04, 2010
Updated Position (flying neutral)
Fully invested here, though basically market-neutral; expecting to commit to one side more than the other tomorrow, depending on action following the employment report.
Note - GS is on the brink of stopping me out, printing a close just above the 200-day on higher volume. Technically, I should have been stopped, yet it was trading only at the 200-day as the 4pm bell sounded; I'll be unloading on any further strength tomorrow, possibly before the open; will hold if it looks to open lower and stays below the bench.
Total Position: ~1.07-to-1 net-short, 98% invested
Currently Long (according to size): BEAV (7.3%); TJX (6.4%); SBUX (6.1%); ATHR (reloaded today, 6%); CAL (5.5%); SIRO (reloaded today, 5.4%); NETL (5.2%); ULTA (4.5%); NTGR (4.1%); CISG (3.3%); AVGO (added today, 3%)
Currently Short: GS (8.7%); MS (8.6%); TWM-long (Russell 2k Dbl-short, 7.2%); CSX (5.2%); DB (7.2%); EPV-long (European Index Dbl-short, 6.2%); DST (4.2%)
Futures Accounts: Out of Mar Euro short, 1.3646; remain 20% short Mar NDX, from 1795.00
Twittspitt for details