Wednesday, September 15, 2010

Bookkeeping: Adding to iPath S&P 500 VIX (VXX) and some Index Short Exposure

I am adding a 2nd tranche to iPath S&P 500 VIX (VXX) as complacency is extreme.  To the original 2% exposure I added another 1.35%.

While this is a long position in the portfolio, it's considered short for my purposes as its a hedge.

I am adding (lightly) to TNA and BGU shorts as well... but modestly until 1116 is broken soundly.

Long iPath S&P 500 VIX in fund, short TNA.BGU; no personal position


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