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I sold out of my $SRS hedge. The market is acting well and closing near the highs of the day. Despite some charts being extended, there is room to run up to 1131 and still be within the trading range. For now, I will simply rely on a huge cash position as a cushion to my longs.
All trades are timestamped inside The PPT.
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TOTAL PORTFOLIO:
EQUITIES: 30%
- LONG: 30% ($ROVI $TQNT $CTXS $CMG)
CASH: 70%
Well played sir. Well played. That’s why your page views are so high. That and the fact that you seem to always be trading near “zero” day in and day out.
Nice job.
Thanks, Yogi.
What does near zero mean though?
No emotion. Not positive, not negative. Not calm, not excited. Picked it up in a Tharp newsletter.
http://www.iitm.com/Weekly_update/Weekly_491_Sept_08_2010.htm
I don’t watch the IYR, I like the ICF and own it.
It’s a little heavier in its weightings of top holdings than IYR.
I see IYR also has NLY as a top holding, interesting.
Anyway, shorting real estate has just been mostly difficult,
and I have chosen to wait out the drops and go long with ICF.