Friday, June 6, 2008

Close Trade: First Solar and XTO

Closed XTO long and First Solar short this morning, at $67.50 and $253 respectively, for ~14% net gain, grossing a 20% gain on XTO plus an 8% loss on the FSLR short weighted ~80:20.

Forgot to mention, Bob Simpson is the Warren Buffet of natural gas and, to a lesser extent, oil. He is, at heart, a super efficient capital allocator. For a buy-and-hold portfolio XTO seems like a good match: as long as Bob is a the helm, XTO returns will outstrip its peers

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