September was a good month for the market as well as a good month for my own account. Seemingly climbing a wall of worry about renewed real estate foreclosures and concerns about the implementation of healthcare reform, and seemingly endless government red ink, the market found the S&P opening up at 1049 on September 1st and closing at 1,141 by the end of trading on September 30th. This marked the best September in over 50 years for stocks.
Major Indices including the S&P 500 and the DOW gained significantly in the month of September. However, my trading account showed a small gain of .2%.
In the MergerArb model, manager Atlas Capital looks for potential takeover targets and, depending on their liquidity and share price, considers adding them to the model. This week they added two positions. The first was Lions Gate Entertainment Corp (NYSE: LGF). For months, Lions Gate has been attempting to merge […]
Disclaimer: Leif Eriksen owns BBEP in his Covestor Performance with Protection model. October 1, 2010: It’s official. September 2010 is the best September in the market in 71 years! What has traditionally been a seasonally weak period has defied expectations. Another reason not to pay any attention to the noise […]
Model manager GEARS added two new positions to the Speedboat model this week. The first, Intevac Inc (NASDAQ: IVAC), is a developer of cameras, low-light electro-optical sensors and imaging systems. Their second quarter 2010 financial results showed a 107 percent increase in total revenues over the same period the previous […]
The Speedboat model displayed its volatile return characteristic in September with a strong recovery from the weak August. This is a leveraged long only model that is designed to produce superior returns, but higher performance volatility is a feature associated with that.
The Labor Department released their initial jobless claims for the week of October 2nd today (you can see the full report here). Claims decreased by 11,000, beating analysts’ expectations. This also reduced the 4-week moving average by 3,000. In more economic news, the Federal Reserve released their August 2010 Consumer […]
The model posted solid results in September as it outperformed the S&P by over 1%. Significant contributors to performance were Walgreen (WAG),
Despite its historical reputation of being one of the worst months of the year for the Stock Market, September 2010, turned out to defy the odds.
Despite its historical reputation of being one of the worst months of the year for the Stock Market, September 2010, turned out to defy the odds.
Disclaimer: Mark Holder owns TMRK, RVBD, AAPL, TER, LULU and MF in the Covestor Opportunistic Arbitrage model. October 4, 2010: September was an incredible month with a historic rise in a typically negative stock market. The best September since 1939 in fact. Most investors were caught off guard but this […]
Our approach to this summer’s range bound market proved far too defensive for the record setting advance in September. Early in the month we sold most of our fully priced momentum based securities in the Income Plus account.