During November the portfolio rose 1.78% vs 2.45% for the S&P 500. Performance was dragged down by Gamestop (GME) which dropped 12% month-on-month as guidance was reduced and earnings missed on delayed game releases. Alaskan Air (ALK) added another 11% after October’s 22% gain and I’ve started taking profits. Hewlett Packard (HPQ) gained 9% with the spin-off of the … [Read more...]
Archives for December 2014
When Shorting Maximizes Portfolio Performance
Summary Short portfolios can do very poorly during strong bull markets. A loss on the short end can severely damage a long-short portfolio. Long only beats a consistently long-short portfolio in the long run. However, employing a dynamic strategy which goes long-short during bear markets can increase returns, reduce losses and beat a Long only portfolio. I've … [Read more...]
