The Big Picture » Hedging Long Accounts

Hedging Long Accounts

Posted By Barry Ritholtz On September 24, 2009 @ 10:52 am In Technical Analysis | Comments Disabled

We are still long a number of names I have discussed in the past, but we recently added QIDs and SDS to our managed accounts as a hedge.

The technicians amongst you who pay attention to Japanese candlestick charts ^[1] will note that yesterday was an “Outside Down Day ^[2].”

While no one knows whether this will be a collapse or a mere shallow consolidation, I suspect the latter — but we have had a huge run since March, and our managed accounts ^[3] have profits that require protecting . . .

Article printed from The Big Picture: http://www.ritholtz.com/blog

URL to article: http://www.ritholtz.com/blog/2009/09/hedging/

URLs in this post:

[1] Japanese candlestick charts: http://www.amazon.com/exec/obidos/ASIN/0735201811/thebigpictu09-20

[2] Outside Down Day: http://www.candlesticker.com/Cs76.asp

[3] managed accounts: http://www.ritholtz.com/blog/managed-assets/

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