For the week ended November 9, the long trading portfolio ended the week at $10.80 per share while the short trading portfolio was valued at $10.39, both according to Marketocracy. As a reminder the public profile for the long trading portfolio can be found here while the short trading portfolio's public profile can be found here. These portfolio track specific trading ideas and recommendations that I throw out on this site. In any event, on to the weekly performance.
For the trading week ended 11/9, the Long Trading Portfolio fell5.8% versus a 2.43% decline on the S&P 500. The reason for the decline was the profit taking in coal names, slightly offset by the long position in a short equity ETF. Despite the large weekly loss, the long trading portfolio is 8% since inception or 1230 basis over the S&P 500's over the same trading period.
The Short Trading portfolio, in contrast, performed better. For the week, the Short Trading Portfolio was up 1.1%. The portfolio remains short gold, oil, a number of mortgage REIT's in an attempt to replicate the performance of the MORT ETF, and Express Scripts. Since inception, the Short Trading Portfolio has gained 3.9% and is up versus the market by 890 basis points.
For the trading week ended 11/9, the Long Trading Portfolio fell5.8% versus a 2.43% decline on the S&P 500. The reason for the decline was the profit taking in coal names, slightly offset by the long position in a short equity ETF. Despite the large weekly loss, the long trading portfolio is 8% since inception or 1230 basis over the S&P 500's over the same trading period.
The Short Trading portfolio, in contrast, performed better. For the week, the Short Trading Portfolio was up 1.1%. The portfolio remains short gold, oil, a number of mortgage REIT's in an attempt to replicate the performance of the MORT ETF, and Express Scripts. Since inception, the Short Trading Portfolio has gained 3.9% and is up versus the market by 890 basis points.
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