I mentioned in comments last week we were 48% cash in our Long/Short Portfolio; One of the asset allocation models we run is now 20% cash, 20% bonds.

As we are starting to get into the meat of the earnings season, more and more profit taking is likely. We are overdue for a pullback, and the past few earnings seasons have ended with markets dropping. Hence, our (small) QID) position.

Our current holdings/entry prices/weightings in our managed accounts Long Short portfolio are after the jump.

Recent sales:

-EK (recently stopped out)
-BWA, IDCC and RAX was sold off several weeks ago.

Current Holdings (still long):

ACI
CVE
SU
UNH
ATVI
ATI
SOLR
PZZA
AM

Category: Investing

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

8 Responses to “48% Cash; Reducing Positions”

  1. ashpelham2 says:

    Might I just add that I’ve reduced some positions in my own small fry portfolio, notably, energy. After a nice 40% run up in BP, I’m closing down that position some. We are indeed overdue a correction, and it might start with commodities and related companies.

  2. Gatsby says:

    You must have killed on RAX if you sold more than three weeks ago.

  3. wpw says:

    Can’t say it is a bad call. I am seeing signs $90+ crude is a serious headwind for many parts of the global economy.

  4. nofoulsontheplayground says:

    BR, is it just me, or does someone at your firm love weekly inverse H&S bottoms and weekly cup/handle patterns?

    The ones on your list look good, but along with stops, keep in the back of your mind the CSCO monthly chart from 2002-2007. That looked like a very nice cup/handle pattern that broke up, but it was a false break.

  5. BR,

    when you Sell stocks, do you, subsequently, Short them?

    (it’s a question that, when directed to me, I don’t have a good answer for..)

  6. Ny Stock Guy says:

    Once again Barry, thanks for the heads up.

  7. Greenspan screwed us says:

    Missed this post. Thanks!