Long: 32.5% (v 26.9%)
Short: 13.7% (v 15.8%)
This data is updated weekly and can be found on 'Performance/Portfolio' menu tab on the website. As always the total gain/loss (both dollars and percentages) only apply to the open portion of the position; it is does not apply to portions of the position sold earlier.
(click to enlarge)
4 comments:
Capital One a nice short for ya. Man, they send me kindling at least once every 2 weeks.
IYR chart looks hideous, yet you are only down a bit on shorting SRS.
Would you short SBUX? I know the chart looks overbought/toppy but don't know how fundamentals of the company have gotten better by closing unprofitable stores, and reducing new store opeinings, etc. S & P and The Street are favourable but I have grinded my own beans for years, and article out tonight says many in U.S. are doing the same.
I've been short SRS for a whopping 15 minutes
if the REITs implode Monday morning I'll be out of the position quick
As for your earlier EXM v DRYS, DRYS is relying on covenants being relaxed to stay alive plus CEO.
SBUX I like from a fundamental standpoint to short and its at the top of its range - made quite a huge run here past 2 weeks.
Your short on SRS is kind of inconsistent with your negative outlook on REITs. If you are negative on REITs why not short URE?
It's hardly a long term position (short SRS) - I could be out of it by 9:31 AM Monday morn. The REITs imploded Friday (again) and especially into the close, so it was just a directional bet to see if I can get a pop Monday.
I'm long and short SRS often while I plan to keep my directional fundamental shorts on the individual REITs for the long term. All 2x, 3x ETFs eventually head to under $10 in my inference from their construction.
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