Current Positions
Nov.11, 2007 in
My Trades
These are my current personal positions, sorted by portfolio weight as of Friday, November 9, 2007.
iShares Brazil (EWZ) - 16.3% weight
iPath India (INP) - 15.9% weight
Market Vectors Steel ETF (SLX) - 15.7% weight
iShares Hong Kong (EWH) - 14.7% weight
iShares China (FXI) - 13.2% weight
iShares South Korea (EWY) - 13.2% weight
United Sts Oil Fund (USO) - 10.6% weight
Cash - 0.3% weight
There are no open stop loss orders on these positions. I will most likely re-evaluate them next weekend.
November 16th, 2007 at 3:14 pm
Bill, I see you trade RS… did you see this article on China! Yikes!
http://marketrewind.blogspot.com/2007/11/china-setback.html
Best, Jeff
November 16th, 2007 at 6:59 pm
Jeff, thanks for the link!
The current positions are based on a prototype of the system that gets reviewed this weekend. Stay tuned. I believe it is possible to trade based on traditional macroeconomic metrics, but I also believe in Occam’s Razor, so I don’t trade that way.
It is very important to be accurate with our language, and that article in the Economist which you reference is faulty in that regard. They are estimating GDP. It is a serious error to confuse that with measuring an economy.
December 18th, 2007 at 8:20 am
Bill
Just wondering what you think of the recent INP decrease of about 13%? Do you think it will start to turn back up, ie is India still a good sector to be in?
I was in INP until a few days ago and am thinking of getting back in again.
thx Mike
December 18th, 2007 at 8:55 pm
The INP is an exchange-traded note (ETN), and they were having some problems that prevented issuance of new notes. Supply and demand being what they are, the note gained in price more than the underlying index gained in value - and that just corrected itself.
It’s a system pick and I’m trading the system.
Here’s my thoughts on it. I saw the situation with the price premium to NAV and didn’t take action in my personal portfolio, even though I could have, because I didn’t expect it to resolve that quickly. Now that it’s pretty much resolved, there’s no point in my taking action - the horses are out, don’t bother closing the door. I’m in INP from a couple of months back ….. even if I were trading sectors on my own discretion (instead of executing a system), I would probably be long INP.