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From the Blogosphere
Bookkeeping: Weekly Changes to Fund Positions Year 2, Week 8
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Year 2, Week 8 Major Position Changes
Fund positions of 1.0% or greater can be found each week in the right margin of the blog, under the label cloud and recent comments areas; I highlight weekly the larger position changes.
Being a long only fund, via Marketocracy rules, the only hedges to the downside I have are cash or buying short ETFs. I cannot short individual equities.
To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'.
Cash (1 position [SHV] + cash): 44.8% (vs 38.5% last week)
32 long bias: 51.4% (vs 49.8% last week)
7 short b...
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Bookkeeping: Closing Millipore (MIL)
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We've added a lot of healthcare names in the past few months as we've tried to avoid the daily fighting between "financials" versus "commodities" who move up and down 15% every 2 days, usually in inverse relationships. Millipore (MIL) was one name we bought relatively recently; it is owned by a lot of hedge funds which nowadays appears to be a curse as they are selling what they can to stay solvent. Since we have so many names in the space I'm just going off the chart, which has recently started to show signs of strain - we bought it when it was above all it's moving averages, but now it ...
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Bookkeeping: Weekly Changes to Fund Positions Year 2, Week 7
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Year 2, Week 7 Major Position Changes
Fund positions of 1.0% or greater can be found each week in the right margin of the blog, under the label cloud and recent comments areas; I highlight weekly the larger position changes.
Being a long only fund, via Marketocracy rules, the only hedges to the downside I have are cash or buying short ETFs. I cannot short individual equities.
To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'.
Cash (1 position [SHV] + cash): 38.5% (vs 34.9% last week)
37 long bias: 49.8% (vs 47.5% last week)
7 short b...
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Bookkeeping: Cutting Back Millipore (MIL)
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For identical reasons I cut Alliance Data Systems (ADS) yesterday (200 day moving average being breached) I am cutting Millipore (MIL) to the bone. I guess there is no safety even in healthcare. I know hedge funds own a ton of this one, and just like ADS it had held up until this week. Perhaps after they've blown out all their commodity stocks they now are moving to their next group of holdings as the deleverage game continues into hedgie land.
Reducing Millipore from a 2.2% stake to 0.1% stake by selling in the mid $70s.
This is an easy set up. There appears to be support around $64, an...
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Bookkeeping: Weekly Changes to Fund Positions Year 2, Week 2
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Year 2, Week 2 Major Position Changes
Fund positions of 1.0% or greater can be found each week in the right margin of the blog, under the label cloud and recent comments areas; I highlight weekly the larger position changes.
Being a long only fund, via Marketocracy rules, the only hedges to the downside I have are cash or buying short ETFs. I cannot short individual equities.
To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'.
Cash: 15.4% (vs 22.3% last week)
58 long bias: 67.0% (vs 69.2% last week)
9 short bias: 17.6% (vs 8.5% last w...
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