Monday, September 30, 2019

September 2019 Performance

Just like a broken record… Another dull and boring month. I ended September flat with a slight loss of 0.09%. No trades were generated this month as I saw no compelling opportunities. It’s times like these where my patience is tested.

The big news for me will be Constellation Brands (Ticker: STZ) earnings report this Thursday. It should be a decent report as their beer biz continues to perform well. They should be initiating their plan of returning cash to their shareholders via stock buyback and dividend increases.  

No compelling risk arb plays right now. I think Spark Therapeutics (Ticker: ONCE) taught me a lesson where there are no safe plays out there anymore. I’m just glad that I was able to get out the position early on.

So, we now enter the home stretch with the final quarter of the year…

2019 Performance = +28.45% with the running monthly returns as follows:

January +7.4%

February +3.7%
March +5.06%
April +7.15%
May -7.90%
June +8.2%
July +1.88%
August +1.00%
September -0.09%


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