Seeking Alpha
View as an RSS Feed

Alex Gurvich  

View Alex Gurvich's Comments BY TICKER:
Latest  |  Highest rated
  • 4 ETF Trading Rules To Live By [View article]
    Hello ericsgrowing,

    Thanks for your comment.

    You are correct about Ben Graham's definition of intrinsic value, I very much subscribe to his perspective and definition as well.

    In case of pricing the ETF, definition on Yahoo might be somewhat different (i.e. Internal Value, etc.), but my meaning and the sprit in which I use that definition is actually similar to Ben Graham. I refer to IV as the "actual", "real", "intrinsic", "internal" value of the financial instrument.

    For the ETF, I have actually created a spreadsheet that incorporates the ETF's underlying assets (its holdings) and the number of shares for each holding and I get real time pricing for each underlying asset/holding, then I construct the IV price for the ETF in real time.

    Does this help answer your question? I would be happy to discuss further.

    Please feel free to reply to me directly at AGurvich@TheRockledgeG...

    Sincerely, Alex Gurvich
    The Rockledge Group
    http://bit.ly/I87y9N
    Apr 30, 2013. 11:43 AM | Likes Like |Link to Comment
  • Always A Bull Market - July 2012 Update [View article]
    Hi Jon Murray,
    Don't understand the question, could you elaborate? The returns are calculated at the end of the month, is this what you are asking?
    Thanks, Alex
    Sincerely, Alex Gurvich
    AGurvich@TheRockledgeG...
    http://bit.ly/I87y9N
    Jul 19, 2012. 10:47 PM | Likes Like |Link to Comment
  • Always A Bull Market - July 2012 Update [View article]
    MColasanti,
    Thanks for that, interestingly enough, I am working on exactly the same idea, but also with added complexity of correlations.
    Do you care to share more ideas (privately) if you like? My email is below.
    Thank you.
    Sincerely, Alex Gurvich
    AGurvich@TheRockledgeG...
    http://bit.ly/I87y9N
    Jul 19, 2012. 09:28 AM | Likes Like |Link to Comment
  • Always A Bull Market - July 2012 Update [View article]
    Hi DanVee,
    1) Yes, I have tested several periods and actually found that the last six months brings higher returns. Going forward I intend to publish back tested results for both the six and twelve months.
    2) I did not because I would rather not use these products for this strategy. If you think you want to spice up the returns, I would rather have double leverage on the SPDRs, rather than the 2x products.
    3) That's a really good thought. In my firm, we are actually running a client portfolio that is a version of this idea. Email me directly if you want to learn more.
    Sincerely, Alex Gurvich
    AGurvich@TheRockledgeG...
    http://bit.ly/I87y9N
    Jul 18, 2012. 03:56 PM | Likes Like |Link to Comment
  • Always A Bull Market - July 2012 Update [View article]
    Hi Roger Knights,
    Sorry for the confusion. What I mean is that the first possible calculation of the last twelve months would end December 1999, as these SPDRs started trading at the end of 1998, so that means I could have made the first investment twelve months after the SPDRs were launched. Does this make sense?
    Sincerely, Alex Gurvich
    AGurvich@TheRockledgeG...
    http://bit.ly/I87y9N
    Jul 18, 2012. 03:51 PM | Likes Like |Link to Comment
  • Playing Stock Market Defense [View article]
    Hi remurraymd,
    How did you pick those five stocks? Your results are good, but I guess the numbers would change depending on the stock you pick. Holding the same stocks for five years covers several business cycles and I would guess they would not provide the same dividends and thus not produce the same numbers. I would be interested to hear your thoughts on this.
    Regards, Alex Gurvich
    AGurvich@TheRockledgeG...
    http://bit.ly/I87y9N
    Jun 9, 2012. 08:25 AM | Likes Like |Link to Comment
  • Beat The Market With Sector Rotation [View article]
    Hi John, good question, did not look at it, why do you think this is important?
    Regards, Alex Gurvich
    AGurvich@TheRockledgeG...
    May 30, 2012. 04:29 PM | Likes Like |Link to Comment
  • Beat The Market With Sector Rotation [View article]
    Stan,
    Good thoughts, I will rerun this using three worst sectors to see what happens, I am curious myself.
    Regards, Alex Gurvich
    AGurvich@TheRockledgeG...
    May 30, 2012. 04:15 PM | Likes Like |Link to Comment
  • Beat The Market With Sector Rotation [View article]
    Thanks tornillo57,
    I actually ran 3, 6, and 9 months periods and the 6 months model performed better by about 6 points. The 3 and 9 months period were about the same.
    Interesting idea about the "bond sector", can you elaborate and I can run a back test on that?
    Thanks, Alex
    AGurvich@TheRockledgeG...
    May 26, 2012. 09:14 AM | Likes Like |Link to Comment
  • How To Short The Market [View article]
    mahelan,

    I don't think it's a good idea for investors, maybe for active day traders.

    First of all, as the Old Trader (below) said, you "best have a cast iron stomach, nerves of steel, and ice water for blood" -- meaning that this is not for regular investors, because the markets and the ETF would move too fast and too often to be of any coherent long term value. Second, the leverage for these ETFs and the cost eats away at potential gains and magnifies losses.

    Sincerely, Alex Gurvich
    AGurvich@TheRockledgeG...
    http://bit.ly/I87y9N
    Apr 28, 2012. 10:31 PM | Likes Like |Link to Comment
  • How To Short The Market [View article]
    skwestorange,
    Yes, same ideas as SH.
    But since it is double inverse, the risk is higher and you have to monitor closely, as well as have an even stronger view that the market is going down.

    Sincerely, Alex Gurvich
    AGurvich@TheRockledgeG...
    http://bit.ly/I87y9N
    Apr 27, 2012. 12:05 PM | Likes Like |Link to Comment
  • 4 ETF Trading Rules To Live By [View article]
    jrn0074,

    Thanks for the question. To get the Indicative Value directly on Yahoo you need to add a "carret" (^) sign before the quote.

    So for AGLS you would type "^AGLS-IV".

    Sincerely, Alex Gurvich
    AGurvich@TheRockledgeG...
    http://bit.ly/ArOadq
    Apr 20, 2012. 08:47 PM | Likes Like |Link to Comment
  • ETF Liquidity In Action [View article]
    Good article and excellent point
    Apr 14, 2012. 11:37 PM | Likes Like |Link to Comment
  • Alternative Investments Hit The Mainstream [View article]
    Hello Danielle,

    Nice to hear from you and thank you for your feedback.

    This shift towards increase in allocation to alternatives is what I hear more and more from our clients and from the advisors and investors we speak with. At least for the near future, a wise investor should focus more on asset allocation than on picking individual stocks. As long as market correlations and volatility stay high (or higher than historical averages), this will hold.

    BHA is strong in analytics, what kind of numbers/percentages do you see investors allocate to alternative strategies.

    Sincerely, Alex Gurvich
    AGurvich@TheRockledgeG...
    Mar 6, 2012. 10:50 PM | Likes Like |Link to Comment
  • A Dangerous Game [View article]
    Hello Moon Kil Woong, you are right, the US and Western Europe can do a lot, but the needle will not move significantly until both China and Russia step up; India, Japan and South Korea as well.

    Sincerely, Alex Gurvich
    AGurvich@TheRockledgeG...
    http://bit.ly/ArOadq
    Feb 21, 2012. 06:04 PM | Likes Like |Link to Comment
COMMENTS STATS
33 Comments
2 Likes