Kelly: Adding Long Positions
Thursday I decided to increase my long positions substantially, adding a number of new holdings to the portfolio. With regards to particular sectors, I decided to inch into the steel sector, as well as get moderately long of a few natural gas producers. Additionally, I increased the size of my positions in junior gold producers. The other stocks I added were pretty much all specific to the company, with no real sector theme. Finally, I decided to divest my holding in (BEAS), because I thought there were better opportunities for my money. Here are my trades:
(CHK)–I bought a small position at $36.23.
(XTO)–I bought a small position at $49.20.
(PKX)–I added a small position at $132.62.
(HIRE)–I added a small position at $8.80.
(HRBN)–I added a small position at $19.63
(NUAN)–I added a modest position at $15.33.
(VGZ)–I doubled the position at $4.37.
(RIC)–I increased the position by 50% at $3.10
BEAS–I sold the position at $18.45.
I am now substantially long, although I have the capacity to add a position or two in financials if an entry point appears.
Related Articles
|
Top Rated Comment Streams:
-
1.Hedged In662
- 2.
-
3.Smarty_Pants415
-
4.axelrod608307
-
5.cos1000277
- Free E-Newsletters
- About Seeking Alpha
- About Us
- Contact Us
- What's New
- Readers Feedback
- Advertise With Us
- Contributors
- Contribute an Article
- Feature Your Book
- Our Contributors
- Anonymous Contributions
- Dispute an Article?
- Legal
- Terms of Use
- Privacy
- Copyright