On 06.30.10, In Investing, Long positions, Pairs trades, Short Selling, Short positions, U.S. economy, by David Pinsen
Paul Krugman says were entering a Third Depression. John Hussman says ECRI’s data predict a double dip recession1. Seems like a better business environment for downscale burgers and dogs than upscale steaks.
That’s the macro picture behind the Altman Z”-score pairs trade I entered today: long Nathan’s Famous, Inc. (Nasdaq: NATH), which has an Altman [...]
On 06.29.10, In Investing, Long positions, Pairs trades, Short Selling, Short positions, hedging, by David Pinsen
That’s the ratio of S&P 500 stocks that were down to those that were up today (ZMH, the one holdout, was up a modest 0.05%). A couple of years ago, when I was long-only and pretty much fully invested, I might have gotten a queasy feeling about a day like this. Today, I just felt [...]
On Guru Focus today, occasional commenter here Paul Price/Stockdocx99 coined a neoligism for riding a stock down to bankruptcy: pulling a “Daniel Wahl”, an allusion to former investing blogger Daniel Wahl’s adherence to his ill-fated investment in zinc miner Strategic Resource Acquisition Corporation . Paul could have called it pulling a “David Pinsen” as I’ve [...]
On 06.28.10, In Investing, Musings memories and observations, Science, Short Selling, Short positions, by David Pinsen
Glancing at the quote page for FBP reminded me of this cool info graphic I saw over the weekend (HT: Ilkka Kokkarinen with a second assist to Dave Richeson).
On 06.23.10, In Investing, Musings memories and observations, Short Selling, Short positions, by David Pinsen
When I was in the Army Reserve, we’d have formations out on the pavement behind the Reserve Center a couple of times per drill. In one NCO class, we rotated platoon leadership roles; whoever led the platoon that day would stand alone, in front of it, during formation. We had these formations during the winter [...]
On 06.22.10, In Economics, Investing, Macro Trends, Short Selling, Short positions, U.S. economy, by David Pinsen
A smattering of recent posts on the Short Screen message boards:
Hesperian: China pulling a fast one on the markets? , Another reason to be wary of China, Stay Away from Boats.
Shana: Please recommend Three Books or major blogs [for a young investor]
Eric: BP: Done bleeding or still room to drop?
Yarek: Cruise Lines and Timing.
Simonsboss: [...]
Three of the put positions I bought in lieu of shorting earlier this year are going to expire worthless this week, the ones on UAUA, VMED, and TBSI. One mistake I made here was buying out-of-the-money puts, in a couple of cases far OTM1. Despite that mistake, I could have still made money on the [...]
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