The HFL Portfolio performed fairly well yesterday closing up15 basis points outperforming the S&P 500 which was up 1 basis point. The top five winners in the book were the E-Mini Futures, LULU, V, RIMM calls, and DELL. The Spooz were up about 18 basis points but were well traded and our biggest winner on the day. LULU had a strong day closing up 2.04%. V was trading flat early in the day but rallied throughout the day and closed up 1.90%. RIMM continues to rally into the unveiling of BlackBerry OS 6 and BlackBerry Slider phone and closed the day up 3.29%. Rounding out the top five is DELL closing up 61 basis points.
The largest losers on the day were GNW, INTC, and GET. GNW closed the day down 14% after reporting Q2 earnings. INTC closed the day down 2% and below the 20.80 support level we have been referencing the last few weeks. Lastly, GET which closed the day down 1.76%. We added small to the equities positions but covered a third of our hedge to take our net exposure up by bout $550,000 after yesterday’s action.
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