Seeking Alpha
  • Seth Walters
    Went entirely short via HDGE yesterday. Too many negative catalysts for market not to correct, IMO. Shouldn't lose much if wrong.
    11/6/12
    Reply (7)
    • Robin Heiderscheit: so far about 1% of your capital is all
      11/6/12
    • Seth Walters: Nah. The intrinsic value is only down 9c/share now. That's just -0.44% from where I bought. Two of its shorts lost more than 10% today.
      11/6/12
    • Seth Walters: An excellent reason to use something like HDGE to short versus SDS, by the way. I would be down 2% now rather than 0.44% on the day in SDS.
      11/6/12
    • itzalex3: Pardon me for my ignorance, does this mean you bought $HDGE or did you short $HDGE?
      11/6/12
    • Seth Walters: It means I bought HDGE. I'm betting that one of the many global negative catalysts will blow up soon.
      11/6/12
    • Seth Walters: I'm feeling pretty good about being short now.
      11/7/12
    • itzalex3: Yup u are right, I entered $HDGE too at 20.05
      11/7/12