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Hussman Strategic Growth Message Board

  • BatBoy513 BatBoy513 Sep 17, 2008 7:01 PM Flag

    new all-time high today (16.54)

    And nobody is posting? Too funny.

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    • Down 2.44% in one day!!!!! Damn it...I knew to sell the POS. As the market moves higher this POS will continue to go down. This is a like a MM with a slight bear bias. No other way around it. Hussy should have protected our recent small gains but no. Half a year return wiped out in one day. Damn.

    • No, because stuff like this happens the next day. Don't want foot in mouth - LOL. I guess it didn't drop below the recent trading range enough for him to make a ST move (see this week's WMC, Market Climate part near the bottom).

      • 1 Reply to floydage76137
      • I haven't read the weekly column in a while. My own impression is that sentiment has not gotten black enough to warrant a lot of buying here.

        This is OT, but that MS is begging someone to step up and and buy the company is pretty shocking. The only thing I can figure is that they see their share price heading below $5 in the near future. Better to do the dirty deed now while the share price is still in the $20 range?

        I just don't get the whole concept of selling yourself from a position of total weakness. Where are your bargaining chips? A move like this reeks of despair. These guys would not last long at the poker tournaments in Vegas, that's for sure.

    • Its astounding. I expected Hussie to fall but good today - since his turkeys such as AMZN, RIMM, WCG all fell much more than the S&P.

      He must have used his "staggered strike prices" in the hedging part of the portfolio to make up for his holdings doing so poorly.

      What a guy.

      • 2 Replies to njswingtrader
      • Let's ask Bill Miller, Mason Hawkins,and practically half of Wall St., if they would trade their performance for Hussman's in 2008.

      • Yeah, the only way you can get that kind of leverage during a drop like today is to have some puts that are well out of the money (assuming a limit of 1% of assets to be used for hedging).

        I don't understand why the fund owns any MSFT. A stock like MSFT is the software market, and its growth is constrained by the economy as a whole. You'll be lucky to get low single digits over the long haul with a company that large. I could talk about the flaws in their business model (which is antiquated) but that's beside the point. The company has more cash than it knows what to do with. They burn piles of it every year. Why not just buy a ton of BRK or GE or XOM?

        fwiw, I don't see any WCG in the top 25 holdings.

        Aside from the fact that I don't like or understand some of his picks (MSFT, CSCO, INTC), the point & figure chart (traditional 3-box reversal) of HSGFX is very unique in that it consists of a single column of Xs spanning a time frame of eight years. I doubt if there is another stock fund in the mutual fund universe that has gone eight years without posting at least one reversal. HSGFX is an outlier in terms of lack volatility (swings up and down).

        If I were going to classify this fund with a single word, it would have to be tortoise in the sense of the old parable. Slow and steady.

8.15+0.04(+0.49%)Apr 29 6:45 PMEDT