Strategy for driving the length of the field: my latest positions

Good morning and welcome back to the football field, where it’s better to go for long drives with lots of first downs and not just throwing long bombs. The markets are giving back a full percentage point plus from the big gains last week and October looks destined to close down just a bit from where it could have but will still be a month for the record books.

And we were aggressively long at the bottom and have been selling/hedging much of that long positioning. Here’s my latest positions, in order from largest notional positioning to smallest:

Longs –

Longs –

• Sandisk
• Cisco
• Nuance
• Google
• Corning
• Riverbed
• Cypress
• Goldman Sachs
• Marvell
• Apple
• Bank of America
• Akamai
• Apple
• Autodesk
• Microsoft
• Visteon
• DBA

Shorts –

• LPS
• Bank of New York
• Wells Fargo
• Live Nation
• SLV