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.
-EK (recently stopped out)
-BWA, IDCC and RAX was sold off several weeks ago.
Current Holdings (still long):
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.