A quick note from Hedgeye CEO Keith McCullough:
Same risk management idea with WING as the last Alert on gross and net exposure... This particular decision (taking a small loss) has nothing to do with our view on the company and everything to do with the Factor Exposures the equity has relative to market risk with: A) The Russell 2000 back in #crash mode with B) Russell Volatility (RVX) at 53 here! Being long Small Cap Equity Beta is just not what I want here. Small losses become bigger losses, quickly. - KM |