I'm always paying attention to David Einhorn's Greenlight Capital hedge fund. I think he's one of the best out there not only at running the fund, but being open and transparent about his style/strategy. His 2nd quarter a href="http://dealbreaker.com/images/thumbs/GreenLanternSecondQuarterLetter.pdf"letter is out, and here it is, via Dealbreaker/a. br /br /As I mentioned at the end of last week, he move all their gold holdings from the ETF to bullion. The fees were higher in the ETF, believe it or not (I do), than paying to hold physical gold. When you're buying that much, the ETF expenses really add up. I also noticed that they've lightened up quite a bit on long exposure. I think its clear that the easy money off the bottom has already been made.div class="blogger-post-footer"img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/819581243324579563-1549766935809140035?l=briskycapital.blogspot.com'//div

I like to provide an update of my watch list from time to time, with some detail about where I'd like to enter various names. So here's what I'm looking at right now:br /br /US Natural Gas (a href="http://finance.yahoo.com/q?s=ungamp;="UNG/a). Anyone who has been reading the blog knows I've been in this before and watch it closely. In the short term, this is being driven by speculators and hasn't moved due to still weak fundamentals. In the coming 6 months to couple of years, I think this has major upside potential. You can trade it short term, or just buy it and hold it. I'd like to get it back near 13.50, and the chart is still pointing that way. br /br /News Corp. (a href="http://finance.yahoo.com/q?s=nwsaamp;="NWSA/a). Followed Todd Sullivan into this trade. I like the thesis on this stock has they are doing ...

Porsche 1 - Hedge Funds 0Porsche Secretly Builds Up a PositionIn the past Porsche has been compared to hedge funds for its aggressive management of currency risk management. Now it seems they have left a few hedge fund without a chair by secretly building up a 74% stake in Volkswagen.The sports car giant Porsche has pulled off one of the greatest share killings of all time in a coup that has left some of the world's largest hedge funds nursing combined losses that could total $20bn (£12.6bn).The vast sum was won and lost in bets on the share price of Volkswagen. While Porsche has been building a secret 74 per cent stake in its rival, the hedge funds have been betting that the shares will fall. The shares soared by 400 per cent in two days, leaving ...