Friday, April 16, 2010

Updated Position (smaller and slightly net-short)


Covered plenty short today, a little late or else too early, depending on your outlook. Anyway, I was trimming longs aggressively this week, so cutting shorts today has been a gentle, back-handed way to finally reduce size, keep a little net-short and watch how the market develops from here.

Such drama.

Total Position: Currently ~1.3-to-1 net-short; 55% invested

Currently Long (according to size): MF (6.1%); SBUX (5.3%); CISG (5.3%); DGIT (3.8%); ULTA (3.7%); AVGO (2.9%)

Currently Short: MS (7.8%); TWM-long (Russell 2k Dbl-short, 5.9%); EPV-long (European Index Dbl-short, 5.5%); DST (4.5%); SKF-long (Financial Index Dbl-short, 3.8%)

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