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David Schrader
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Dave is currently working as an Account Rep at a prominent financial services firm in Manhattan. In addition, he serves in the iMentor program and is under contract with a startup hedge fund for use of an algorithm he discovered. Prior to that David worked as an Equity Associate at First... More
  • A Time To Hedge 0 comments
    Sep 10, 2010 8:11 AM | about stocks: TZA, CMG, ESS

    Since my post on putting on some long exposure we've had a nice little runup. One thing I've been learning is that this truly is a stock-picker's market so one needs to be nimble and willing to take action on a weekly, sometimes daily basis. At this point I would be putting on hedges to protect my recent gains. We've had a nice little run.... I'd raise cash by booking gains or add a short hedge.

    Do your own research prior to making any decisions. I own put options on CMG and ESS as well as the TZA (3x inverse ETF). I still hold my longs (KEM and PPD) though I sold out of most, if not all of my others.

    Disclosure: I own put options on CMG and ESS as well as the TZA (3x inverse ETF).

    Stocks: TZA, CMG, ESS
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