Thanks for sharing. If every money manager on TV is expecting a big pull back, the odds are you do not get one.

ffree (aleverage)
If we have to listen to the leader, Goldman Sachs (This is the one who runs the universe, isn't it?) announced the recession is over right here and the US will resume growth in third quarter, the chances are it would be too late to buy if we wait until the third quarter results come out. You rarely talk about your hedge position. So, how do you profit if you expect a big pull back? For me, I trade big names. For example, Suncor is trading in a tight range between $31 and $37 (Oil between $65 and $75), I short Suncor at $37 level and start buying back around $31. Also buying C and BAC seem to be a no brainer since our newly mint stock market God, John Paulson, owns both of them. Any way, 2/3 of the portfolio in cash seems overdone to me. I actually added some positions during this dip but also using some hedge.
2009-9-5 -04:00
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