Aug

10

Covered CHC, extending my SPF short

August 10, 2007 | Leave a Comment

This morning I decided to use some weakness in CHC shares to cover my small short position at 13.45. After listening to yesterday’s conference call, it appears to me that although the company has a potentially dangerous liquidity position with less than $200 million of liquidity, the fact that much of their portfolio is composed of commercial real estate means that this liquidity crunch will have to endure for quite a lengthy period in order to seriously threaten the […]

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Aug

7

Moving further to the short side on the Fed’s no decision

August 7, 2007 | Leave a Comment

Today I decided to scale back my long positions quite heavily by cutting both HRBN and NTRZ from my portfolio. It is certainly a disapointment to watch my 30% profit in HRBN turn to a small loss in a matter of weeks, but nevertheless I must remain disciplined and take my medicine. Therefore, I’ve sold my position in HRBN at $12.55. In an effort to further raise capital, I also liquidated my holding in NTRZ at $2.80. […]

Continue Reading Moving further to the short side on the Fed’s no decision