Wouldn't you know, the good times could not last indefinitely. Especially for a short-focused portfolio in a rising market environment. In the latest week, the Short-Trading Portfolio gave up some gains and lost 1.7 percentage points in the latest week for a relative loss of 390 basis points. The lion's share of thew weekly loss was due to the 16.5% gain in the shares of EHTH. This weekly gain, in my opinion, is just a dead cat bounce following the implosion in the shares. Additionally it occurs after the share price hit the swing points of June 2012. Nothing is ever a straight line move.
The following chart shows the performance of the portfolio versus other major indexes.
Following this week's performance, the portfolio has gained 170 basis points on the year for a relative loss of 710 basis points. Since inception, the portfolio is down 390 basis relative to the market but has gained 470 basis points.
The following chart shows the performance of the portfolio versus other major indexes.
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