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Jeremy Frommer, CEO of Hedge Fund LIVE Jeremy Frommer has 20 years of industry experience and is currently responsible for general management and leadership of the General Partner. Previously, Mr. Frommer was a Managing Director and Head of the Global Prime Services Group (“GPS”) at RBC Capital... More
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  • Market Mid Day Update – What I Am Doing 0 comments
    Mar 4, 2011 8:56 AM | about stocks: AAPL, CEO, GS, KSS, QCOM

     HedgeFundLive.com --
    He
    re is a mid day update, I have added very significantly into my shorts, this rally is driven mostly by short covering by weak hands. I do not believe it can sustain itself and continue to believe that oil will stabilize above 102. I am selling AAPL, as I believe it is up on hype, their CEO is dying, I feel terrible about it, but I believe it. I do not believe the new Ipad will sell as well. I believe the novelty will wear off. I am selling GS; I do not believe they can continue their record earnings run. I am shorting Costco. QCOM has had a great run but it is coming to an end. I am sorting KSS, as I believe the consumer is weaker than the market perceives. I am shorting LEN, as I believe that when the FED backs away from QE2 the homebuilders may have a problem. This was a space I was previously optimistic about. I am shorting ADP, as I believe the employment is still a problem and ADP is directly related. I am shorting Future because CNBC is so incredibly bullish that this is the most significant inverse indicator. Time will tell.

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

    Stocks: AAPL, CEO, GS, KSS, QCOM
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