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Kass: That Was the Week That Was

On Thursday, I explained why my favorite speculative stock, Chimera (CIM - Get Report), could be a takeover target. I also took profits on my Altisource Asset Management (AAMC) long (after an 85% gain in 2013!). In " More Fed Think," I discussed the lack of incremental impact of quantitative easing on the real economy.

Today's opening missive, " My Basic Investing Tenets," was a primer that explained the factors that form my investment consciousness (the do's and don'ts) -- easy to write about, much harder to execute! In " Stalemate," my diary continued the theme of why in a "newsy" and volatile market, opportunistic trading will likely trump investing. For now, stocks are "trading sardines, not eating sardines" (hat tip Seth Klarman).

I hope this new column helps put the market week into perspective.

So, that was the week that was -- from my perch.
At the time of publication, Kass and/or his funds were long TBT, AAPL, NWBI, OCN, CIM and AAMC common; long CIM calls; long GMCR puts; short SPY, IWM and NSM -- although holdings can change at any time.

Doug Kass is the president of Seabreeze Partners Management Inc. Under no circumstances does this information represent a recommendation to buy, sell or hold any security.

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