Alpha Prime Trade Journal for the Week Ended 6/23/16

After a challenging two-week period, this week turned out to be the best week since we launched the Alpha Prime initiate. It started out a bit shaky on Monday morning though, when I woke to the news that EQT was purchasing Rice Energy. We were short RICE going into this news and ended up with a $20k loss in the position.

From Reuters, “June 19 (Reuters) - EQT Corp was set to leapfrog Exxon Mobil as the largest U.S. natural gas producer after saying on Monday it agreed to a deal to buy fellow Appalachian gas and oil firm Rice Energy for $6.7 billion.

The tie-up would join two of the largest players in the Marcellus and Utica Shale formations, which stretch across much of Pennsylvania and Ohio and are ideally situated to supply gas throughout the U.S. Northeast.”

Aside from that the portfolio did quite well with short positions throughout the Energy sector and long positions within the Biotech space. Many of the momentum plays that we positioned in during the “tech-wreck” week paid off handsomely as well.

Portfolio Metrics

Detailed Portfolio Metrics

Closed Long Positions

Closed Short Positions

Joseph S. Kalinowski, CFA

Email: joe@squaredconcept.net

Twitter: @jskalinowski

Facebook: https://www.facebook.com/JoeKalinowskiCFA/

Blog: http://squaredconcept.blogspot.com/

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