Both the long and short trading portfolios had an extraordinary week for performance. The long trading portfolio ended the week at 10.93, gain of 7.3%, while the short portfolio ended the week at 10.11 for a gain of 2%. This compares to a loss of more than 2% on the S&P500. As a reminder, both trading portfolios are concentrated model portfolios tracking my recommendations and investment calls.
The following is the price graph of the long trading model portfolio through the week ending October 12.The blue line is the portfolio and the green and brown lines are the S&P 500 and NASDAQ, respectively.
The outperformance in the portfolio is most attributable to the outsized gains in the coal stocks, namely Arch Coal and Alpha Natural Resources. I had toyed with taking some principal back here in these names, but ultimately think the stocks remain under accumulation.
As for the other holdings.....
I remain long the HDGE fund- which shorts various company stock exhibiting certain accounting metrics- and the Proshares Short 20-year Treasury (ticker TBF). I am concerned about the trading in the TBF and may take this position off.
As for the short trading model portfolio....
The following is the price graph of the long trading model portfolio through the week ending October 12.The blue line is the portfolio and the green and brown lines are the S&P 500 and NASDAQ, respectively.
The outperformance in the portfolio is most attributable to the outsized gains in the coal stocks, namely Arch Coal and Alpha Natural Resources. I had toyed with taking some principal back here in these names, but ultimately think the stocks remain under accumulation.
As for the other holdings.....
| Symbol | Price | Shares | Value | Portion of Fund | Gains | Today | Inception Return | Current Return | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
| ACI | $7.62 | 33,000 | $251,460.00 | 23.01% | $49,033.35 | -4.03% | 24.22% | 24.22% | |||
| ANR | $7.88 | 31,800 | $250,584.00 | 22.93% | $47,049.59 | -7.82% | 23.12% | 23.12% | |||
| TBF | $29.05 | 6,900 | $200,445.00 | 18.35% | $187.47 | -0.27% | 0.09% | 0.09% | |||
| HDGE | $20.95 | 9,460 | $198,187.00 | 18.14% | -$2,767.25 | 0.25% | -1.38% | -1.38% |
I remain long the HDGE fund- which shorts various company stock exhibiting certain accounting metrics- and the Proshares Short 20-year Treasury (ticker TBF). I am concerned about the trading in the TBF and may take this position off.
As for the short trading model portfolio....
I took profits in Capstead Mortgage (ticker CMO), but initiated a position in the mortgage REIT sector. I stated in a past post that Marketocracy had a hang up and would not let me short the Mortgage REIT ETF. I was however able to replicate the ETF's positions. Outside of the Mortgage REIT space, I remain short gold through the GLD, the NASDAQ via the QQQ, the homebuilders via XHB, and oil via the USO.
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