Long the Dow and the Qs.

Posted on Oct 05, 2009 by WHC Bassetti in Letters

As we pointed out a day or so ago the wave pattern in the indices has been surge, drift, flush 'em out and surge.  Today we lifted our Q and Dow hedges and bought the FAS and the QLD.

Ordinarily we would not be so active.  We're basically lazy and phlegmatic investors.  There is nothing we like more than a months (or years) long trade that quietly piles up profits while we snooze.

This is only a preview. You must be a subscriber to access the full text of this letter.


 
Username
Password
 

 
Choose a Username*
   
Email *
   
First Name *
Last Name *
   
 
  * Required

Tags: , ,

Comments

You must be a subscriber to view and submit comments on this post.