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For the 15 years through 2012, Laurent has outperformed the market with 16% annual returns, compared to 5% for the market. Laurent's international career has stretched through US and Europe. He earned an MBA from Boston University and an MS in Engineering from RPI.
My company:
Longs, Shorts, and Mini-Skirts
  • Cover Shorts In Gabelli Multimedia Common Fund 0 comments
    Apr 23, 2014 11:06 PM | about stocks: GGT, XLU

    This shortened week, the market regained the 3% it lost the previous week. Oil & gas stocks rose 4.7% while utilities performed the worst, rising only 1.6% The market jumped above its 29 week average and the ISOS marker turned positive again, signaling new money entering the market. These are both bullish signals, so we will cover a short in the equity portfolio.

    Gabelli Multimedia Common (NYSE: GGT) had a terrible week, falling 7%, more than erasing its premium to NAV. Thus, we are going to cover our shorts in the fund. The fund has lost 19% since we shorted it just before New Years' Day. This is a great profit in such a short time.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Stocks: GGT, XLU
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