December 01, 2014

Exiting $CSX

I'm seeing a continuation of some churn in the market.  If I continue to exit names then I will be rebalancing with long $SPXL (or the 2x version, more on that reason later perhaps). 

The exit of $CSX comes after it gave back one-third of it's gains over the six weeks we held it.  I still come away with a 13% gain, so it could be worse.

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