Thursday, September 23, 2010

Bookkeeping: Short Intuitive Surgical (ISRG) and Whirpool (WHR)

I am trying against with Intuitive Surgical (ISRG) after I was stopped out in the past week for a 4% loss.  It has now moved up to even stronger resistance areas.   Of course I need the broader market to help me out.  I put a 2.1% allocation on.

Whirpool (WHR) is a name I battled with in spring 2009, and I was hammered as QE1 crushed all shorts.  I will try again - this is actually a high beta name for such a staid company... a lot of volatility.  Just today it has traded in a $4+ range.  I was considering this yesterday at $80 area but with the S&P over 1131, I did not want to press any shorts.  I'll begin a stake today around $77 but make the position a bit smaller at 1.6% exposure, and look to add some on a move up closer to $80 if the broader market can stay subdued.

Short both mentioned in fund; no personal position

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