I have done some minor manicuring of positions. Last week, I switched a portion of my short exposure to the QQQQ. I thought we might see some tax related selling early in the year as the QQQQ was up nearly 50% last year. The QQQQ has indeed underperformed the past few days and I decided to switch my short exposure back to the SPY.
In addition, I sold the AMGN 57.50 calls against my long position. They had some news that I believe caps the stock in the short term.
I am about to board a plane out of Miami where I was house hunting. I will let readers know what I saw down here when I settle back in tomorrow.
3 comments:
Yes, give plenty of details about the house-hunting and general impressions about the area. There's plenty of journalist points of view available, but what is missing is the view, from the ground, of someone with a financial background, no ax to grind, and a tendency towards skepticism and willingness to consider the bear side of the story.
nice timing!
It would be nicer if the market would go down already.
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