Bob Lang has been a private trader in equity and option markets for several years and manages separate accounts via Aztec Capital LLC. He has managed a $300 million pension and 401(k) plan for a Southern California cooperative. In early 2000, Lang started a hedge fund for private and institutional clients. This fund, Aztec Partners, was a top-performing fund that year relative to its peer group. In 2002, Lang worked with floor traders in the active bond-trading group of Countrywide Capital Markets. In May 2011, Lang launched an options trading service called Explosive Options.
Although the wall of worry tells us markets could easily move higher, it is a good idea to hedge risk by adding some cheap market puts.
These 'bearish bets' are showing both technical and quantitative deterioration.
This week, we re-initiated a position in Applied Materials and trimmed American States Water for a nice gain.
We are using the recent surge in American States Water to prudently reduce our holdings while also locking in some hefty gains.
CGC, CCL, HEP, BJRI and LAUR all recently were downgraded by TheStreet's Quant Ratings.
Applied Materials is the name we like as we see bullish prospects for the maker of semiconductor capital equipment.
Recent portfolio addition Visa Inc. has held its own in its business segment, but its chart sends mixed signals; we take a closer look.
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