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Saul Sterman » Comments » GLD

  • Wall Street Breakfast: Must-Know News [View article]
    Regarding Huntsman (HUN), see article beneath 2008 chart here:
    www.crossprofit.com/vi...

    As stated in article, no position was taken in this arbitrage. As the title suggests, there were just too many question marks popping up. Upon this last earnings miss, Apollo called a MAC yesterday effectively nullifying the acquisition agreement. There may NOT be a break-up fee though HUN has gone to court!

    HUN should have negotiated a new price tag though the whole scenario is very problematic as certain shareholders already cashed out. This deal looks dead; funeral dance (courts) to follow.

    Saul Sterman
    Jun 19 08:12 am |Rating: 0 0 |Link to Comment
  • David Fry's Market Outlook for Friday [View article]
    David,

    Would you be kind enough to run a comparison and see if the average all ETF portfolio that you manage has faired better / equal to / worse than the S&P 500? I suspect that a fully diversified ETF portfolio has not provided any noticeable benefit in the current correction.

    See usmarket.seekingalpha....

    Then again, I am always willing to learn something new. Keep up the good work; enjoy your articles and insight.

    Thanks
    Saul Sterman
    CrossProfit
    www.crossprofit.com

    Disclosure (SA requirements): For the two main portfolios managed by CrossProfit, as of 03/07/2007 portfolio A is 100% cash and portfolio B is 80% short + 20% cash. This is the first time in years that any portfolio has exceeded 60% short and even more years back where a portfolio is short with no longs. As previously disclosed on 2/22/2007 portfolio A was 70+% cash and 30-% long and portfolio B was 50/50 long/short.
    Mar 18 09:34 am |Rating: 0 0 |Link to Comment
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