Overall, my portfolio is down several percent YTD mainly due to a longshot bet on Yongye put options and mark-to-market losses on Altisource common shares.
On the short side, shorting common stock has worked incredibly well for me this year. Unfortunately, my gains were offset by losses on Yongye puts.
On the long side, I made massive bets on Kinder Morgan warrants and Altisource common stock. The former has been profitable while the latter hasn’t. Altisource has been beaten down -53% YTD and I have been adding to my position on the way down. While Altisource continues to have absurd earnings growth, its share price has fallen dramatically due to fears that regulation may hurt the company.
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