See the end of the post for the current make up of my portfolio and the last four weeks of trades
I don’t have any general comments to make so I am going to get right into my portfolio updates for the last month.
The Tanker trade
The biggest moves in my portfolio have tended to take place in the first couple months of the year . In 2013 it was YRC Worldwide. In 2014 it was Pacific Ethanol. I’m hoping that this year its the tanker stocks.
Of course the tanker stocks have already had significant moves. I have been adding positions at prices that are much higher than they were a couple of months ago. But to use Pacific Ethanol as an analogy, the move from $2 to $4 was only the first act. I’m not sure if these stocks will put on the show that Pacific Ethanol did, but I am hopeful there is a second act in the cards. Read more