Saturday, January 9, 2016

Six Month Review

It's been a while since I posted here.  I had abandoned my strategy, but I wanted to go back and see what would have happened if I hadnt.  Here's a look at the stock price when I did my initial short many months ago and where it would be at Friday's close, adjusted for stock splits as appropriate.

As you can see from the table below, the strategy was pretty much a disaster  The negative impacts of the 3X leveraging were more than offset by declines in the market, particularly in the Russia and China markets  $NUGT was a huge winner, but most everything else did badly  I would probably need more time, or to include more bearish positions.

Initial ShortCurrent Price
NUGT                  9.60                          2.85                 
BIS                29.13                        35.73                
TZA                  9.42                        14.18                 
VIXM                53.67                        59.70                
RUSS                32.68                        48.59               
CORN                22.99                        21.08               
FAZ                10.89                        12.70                 
UVXY                36.25                        42.81                
FXP                28.22                        51.87               
XIV                47.34                        20.43