CECE has rallied over 10% today, which is a tremendous result by any measure... In total, we're up more than 30% on this stock after less than three weeks. Even better, it's doing this on a day that the markets are selling off. We're still up 33% on our KEPCO March calls, but I don't expect much if any more upward movement there. Still we'll sit tight with the remaining half of our position and see what happens.
Meanwhile, the S&P 500 is up approximately 1% since we launched our SRI portfolio on December 26.
So you could say our returns are beating the market by 6,000%... if you were inclined to braggadocio. Instead, we'll just say this is a good start... and anything can happen, so let's not get too excited just yet.
The market is down today so far, but once again, I boldly predicted last week that we'd see a big rally take off sometime this week. It will probably happen while I'm in the hospital tomorrow getting surgery to repair a rugby-related injury to my right hand.
Keep a close eye out,
James
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