 | The man has an indisputable track record of being wrong. What's the point of keeping him on the air? is he serving a specific agenda? According to the prospectus, the strategy sounds very un-concrete. It says the fund will short sell stocks that he recommends buying on air or on Twitter, although it doesn't say how quickly. It plans on holding these positions over the course of 5 trading days, but may hold longer if he continues to express an opinion. If the buy call gets "stale", they have the discretion to liquidate the position. The fund will generally hold between 20-50 positions, but it's not very specific in how to decide what stays and what goes. [link] [comments] |
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