Disclosure: Long EZCH
The September Research reported, due to an editing error, that the Gehman Capital Solutions Portfolio had a substantial short position in EZChip (EZCH).
That was a significant error. I have never been short any EZCH stock – my report stated that I am extremely optimistic about their business environment, their cash position, their extremely innovative and success products and their management.
I maintain a maximum size position in EZCH – 41.6% on Oct 1, 2012 – with the next largest position holding 11.5%.
In my personal portfolio, I have sold a small portion of my EZCH to reduce a significantly leveraged position. I sold a very small lot of EZCH around the 46 level and bought undervalued securities with the proceeds. I do not currently have any intention of selling any significant amounts of EZCH in my core portfolios.
I would be very afraid of being short EZCH stock because I believe that the stock is on the ”launch- pad” for significantly higher earnings and significantly higher stock prices.
The investments discussed are held in client accounts as of October 1, 2012. These investments may or may not be currently held in client accounts.The reader should not assume that any investments identified were or will be profitable or that any investment recommendations or that investment decisions we make in the future will be profitable.
Certain of the information contained in this presentation is based upon forward-looking statements, information and opinions, including descriptions of anticipated market changes and expectations of future activity. Covestor believes that such statements, information, and opinions are based upon reasonable estimates and assumptions. However, forward-looking statements, information and opinions are inherently uncertain and actual events or results may differ materially from those reflected in the forward-looking statements. Therefore, undue reliance should not be placed on such forward-looking statements, information and opinions.
