Performance is everything in this business !

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Performance is everything in this business !

"There are a thousand ways to beat the market .The important thing is to master a technique."
Eric Sprott

"This volatile environment has influenced not only the amount of short-selling opportunities we identify on an ongoing basis, but also the strategy we employ in trading the short side of the portfolio.

Essentially, we endeavor to cover a selection of our shorts around market bottoms and then short stocks on the

subsequent bounce.

One of the tools we use to successfully execute the timing of this strategy is the VIX (CBOE Volatility Index), a widely used measure of perceived market risk that we have addressed in previous market comments. As we transition into March,we are wary of the fact that the chart below indicates to us that another correction may be

approaching."
Jean François Tardif

Interesting strategy isn't it ?

By pelcmarek at 2008-03-06 18:08 | Stocks | pelcmarek's blog

del.icio.us

Shorting the Homebuilders as Their Stocks Surge

This is an article from Whitney Tilson.

So lets have a look at the holding of ITB.

COMPANY                                SYMBOL           %ASSETS          52wkLow/Today's price
CENTEX CP                               CTX                   5.21%               0.86
D R HORTON INC                      DHI                    6.08%               0.74
KB HOME                                  KBH                   5.07%               0.71
LENNAR CP CL A                        LEN                    5.53%               0.74
M D C HOLDINGS                      MDC                   5.21%               0.84
N V R L P                                 NVR                    5.49%               0.75
PULTE HOMES, INC.                   PHM                   6.79%               0.67
RYLAND GROUP INC                  RYL                    5.17%               0.73
TOLL BROTHERS INC                 TOL                    5.22%               0.77
WCI COMMUNITIES INC             WCI                   6.145                0.43

By pelcmarek at Thu, 2008-03-06 19:09 | login or register to post comments

Tilson

I've seen him on Bloomberg TV and have to admit he is a good speaker. Given his recent track record, it might be a good time to buy the home builders...

Tilson Focus Report

By Bruno at Fri, 2008-03-07 16:02 | login or register to post comments

TILFX

I think he was buying them

By pelcmarek at Fri, 2008-03-07 17:11 | login or register to post comments