Sorry!! The article you are trying to read is not available now.
Thank you very much;
you're only a step away from
downloading your reports.

Two Ways: John Paulson Ups the Ante


Strengthen your portfolio in good times and bad.

Money Manager Discloses Holdings

Hedge fund manager John Paulson disclosed his holdings last night in a regulatory filing. According to Bloomberg, Paulson upped his bets on the banking sector with sizable purchases in Bank of America (BAC), making him the bank's fourth largest shareholder and BAC the fund's second largest holding next to the gold ETF (GLD). He also purchased 2 million shares of Goldman Sachs (GS) as well as 35 million shares in Regions Financial (RF). Although he decreased his holdings in the goldminers ETF (GDX), he added to his positions in South African gold producers Gold Fields (GFI) and AngloGold Ashanti (AU). Paulson is famous for his bet against the housing market. According to Institutional Investor's Alpha Magazine, he earned an estimated $2.5 billion last year.

From the Bull Pen: The theme from Pauslon's strategy is inflation. All stocks will likely benefit in this environment, but the ones with international exposure should perform the best. Weyerhaeuser Company (WY) is an option. In the short term, consider setting a sell stop below $35 support which is also its 20 day moving average.

From the Bear Cave: Fast moves come from false moves. Dollar bears can consider playing the dollar bearish fund (UDN); A sell stop can be set below $27.

Quick Check Around the World

Asian trading closed with the Hang Seng 2.08%, India 3.32%, Shanghai 0.89%, Nikkei 0.79%, and Taiwan 1.97%.

Across the pond, we see the FTSE 1.07%, CAC 1.01%, DAX 1.35%

As of 7:45 AM EST, S&P Futures are trading +11.00 to 1013.00 and Nasdaq futures are +17.00 to 1636.00.

A Look at Commodities

Over in commodities, crude oil is trading +1.31 to 71.47 while gold is +7.600 at 960.10 this morning. Silver is +0.465 to 15.05 and copper +9.600 to 291.95.

The dollar index is -0.2450 to 78.6550.

On the Radar


08:30 Export Price ex-ag
08:30 Import Price ex-oil
08:30 Initial Jobless Claims
08:30 Retail Sales 0.3% (cons.)
08:30 Retail Sales ex-auto 0.1 (cons.)
10:00 Business Inventories -0.9%

Click here for the full trading radar.

It looks as if you're not long, your wrong. But keep those stops in place. Good luck!
< Previous
  • 1
Next >
No positions in stocks mentioned.

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

Featured Videos