After a recent media appearance, an emailer asked about our current investment posture.
I prefer to err on the side of full disclosure, although that can make some clients (who pay for our services) less than delighted. The compromise is to discuss the big positions generally, and to get granular about specific names after the fact.
We were about 50% cash in July, and some of the positions I have talked about in the press are working out. If the market continues to rally, we will be selling into it.
We (or clients) own the following names:
Power One (PWER)
Borg Warner (BWA)
Sprint PCS (PCS)
Arch Coal (ACI)
Clean Energy Fuels (CLNE)
American Tower (AMT)
Riverbed Technology (RVBD)
Isilon Systems (ISLN)
We have been short Toll Brothers (TOL) and Swift Energy (SFY).
We have recommended a pairs trade of long Arch Coal (ACI) and short Patriot Coal (PCX), and long Humana (HUM) and short Coventry Health Care (CVH).
Recent changes include selling some of the PWER, which had a huge spurt.
~~~> Note: This is only a partial list of recommended positions. This is not investment advice. Investing involves risk of loss, and before risking your money, speak to a professional.