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Mining The Short Side: (BIVRX) + David Snowball's & Andrew Foster's Interview With Chuck Jaffe
@davidrmoran I have a feeling that's a mistake of some sort. Actually, never mind, I just realized that is share change not price change I'm looking at on the portfolio page. Maybe you're right, but the jump is unusual. It's mysterious.
I have experience with short funds, but the strange thing here is Invenomic and Boston Partners aren't known for concentrated short positions that would drive such a big gain especially on a day like today when the market barely budged. I believe his individual short positions are rather modest, although cumulatively they are significant. So one individual big short win can't really explain it I think. It's odd. My best guess would be something to do with options, futures or derivatives of some sort where a small position can have a big impact on a good or bad day for that position.
Comments
or fido; hoping this 1-month image is viewable by you
https://realtimebigchart.gtm.idmanagedsolutions.com/custom/fidelity-com/fidelity-research3.gifquote?symb=BIVRX&time=1mo&freq=1dy&size=1
anyway, fido thinks it's real and has logged the $ increase, so presumably if I were to bail out of it I would get that amount, a significant gain
have you ever shorted or dealt w shorting funds? this is quite what happens sometimes ... rarely ... almost never ... usually the opposite
you know jwaggoner?