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Steven Zoernack and The Bullion Fund Deploy Equity Long/Short Strategy with Apple (AAPL) and Research in Motion (RIMM)
Date:4/15/2010

Steven Zoernack and the Socially Responsible (SRI) Bullion Fund Deploy Equity Long/Short Strategy with Apple (AAPL) and Research in Motion (RIMM). "We attempt to profit by buying companies with good bottom up fundamentals and sell closely related companies that are overvalued in relation to the companies we buy while minimizing correlation to the overall markets. In this case, we go long an equally dollar weighted amount of shares of Apple and sell short an equally weighted amount of shares of Research in Motion (RIMM). We believe these two companies fit the above criteria. Then we wait for prices to converge," according to Steven Zoernack.

(PRWEB) April 15, 2010 -- Steven Zoernack and the Socially Responsible (SRI) Bullion Fund Deploy Equity Long/Short Strategy with Apple (AAPL) and Research in Motion (RIMM). "We attempt to profit by buying companies with good bottom up fundamentals and sell closely related companies that are overvalued in relation to the companies we buy while minimizing correlation to the overall markets. In this case, we go long an equally dollar weighted amount of shares of Apple and sell short an equally weighted amount of shares of Research in Motion (RIMM). We believe these two companies fit the above criteria. Then we wait for prices to converge," according to Steven Zoernack..

Another recent example of this strategy would have been to purchase an equally weighted share of Visa (V) and sell an equally weighted share of MasterCard (MA), i.e. purchase 3,500,000 shares of Visa for every 1,000,000 shares of MasterCard sold short. The trade would have been successful whether the overall stock market went up or whether it declined considerably because of the correctly predicted declining relative difference in value between the two investments as it decreased (their prices converged) regardless of how the overall market performed. “In 2008, for
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