On 06.02.10, In Investing, Macro Trends, Short Selling, Short positions, U.S. economy, by David Pinsen
Mentioned this elsewhere earlier today, but shorted PacWest Bancorp (PACW) today at $20.45.
My general thesis in adding a bank short here (with perhaps others to come) is that banks are increasingly stuck between the rock of government regulators discouraging foreclosure and the hard place of deadbeat mortgage borrowers.
According to a recent NY Times article, [...]
Mentioned this elsewhere earlier today, but I got stopped out of PXP today at $20.82 for a gain of 23.7% since shorting it on May 6th.
I opened a new short position today which I’ll post about here shortly.
Back on May 10th I noted the divergence between the physical gold trust PHYS and the gold ETF GLD and observed that there might be potential for a pairs trade in that divergence.
Also on May 10th (I learned today), the anonymous proprietor of the new blog ETF Base made a similar observation — and [...]
On 05.21.10, In Investing, Long positions, Pairs trades, Secular Market Trends, Short Selling, Short positions, hedging, by David Pinsen
In the course of a conversation with Matt today about some upcoming projects, he asked, essentially, whether there was any rhyme or reason to the recent flurry of trades I’ve mentioned here and elsewhere. This post is my answer distilled.
The Big Picture:
– John Hussman, Vitaliy Katsenelson*, Jim Rogers, and Tim Knight all believe [...]
Actually, one short (LAMR) and one contra ETF (SRS). A little more detail at the links.
The contra ETF’s chart isn’t pretty, but I bought this as part of a VectorVest strategy of buying worst-performing contra ETFs. This is in an IRA account, in lieu of shorting.
On 05.20.10, In Investing, Musings memories and observations, Secular Market Trends, Short Selling, Short positions, hedging, by David Pinsen
Over on an investing website today, with the stock indexes posting egregious losses, someone posted the sort of pablum one typically hears from long-only, un-hedged money managers, who skim management fees off of big piles of money for a living. I’m not going to link to the fellow’s post, as I don’t mean to attack [...]
On 05.20.10, In Business and Entrepreneurship, Investing, Short Selling, Short positions, by David Pinsen
Gotta jump on a conference call imminently but here are a few quick updates:
– The OTM puts (BHP Aug 2010 60.000 put) I bought on BHP as a quasi-hedge for AYSI are no longer OTM. They are slightly in the money, and up 46% today, with the continued decline in BHP. Portfolio Armor FTW. [...]
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