Tuesday, June 29, 2010

Updated Position (neutral stance for now)

Tomorrow will be interesting.

The market correction is now confirmed, which probably means we'll rally some from here. That's how it's been lately and Genius doesn't come easy; there are too many of those around just now anyway, if you know what I mean.

Either way, selling strength probably makes the most sense right now; should we get it. I like several stocks still, but there is only so much up-stream these wooden legs can stomach. I've backed-off, but I'm upright still! ...market neutral for the time being.

Follow Centrifugal to fade trades in real time.

Total Position
: Currently 1-to-1 market-neutral; 79% invested

Currently Long (according to size): CRM (11.4%); NFLX (10.5%); EWS-Singapore (6.6%); NTAP (5.1%); SUN (5%); LOGM (4.7%); ULTA (4.5%)

Currently Short: SDS-long (S&P500 2x's-short, 20.7%); QID-long (Nasdaq100 2x's-short, 10.6%)
Note: Inverse ETF currently weighted @1.6 x's

Futures: no current position

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