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One of the strategies is to buy stocks in the tech industry with high momentum. Based on the stocks momentum of 10-day-interval, we believe that the market price will decrease this week. Thus we are selling this stock away. Short position.
Very high P/E ratio. Though revenue has grown promisingly, earnings have not kept up. High gearing and high&growing interest payments.
Our fund's strategy is to invest in different sized technology companies with P/E ratio over 25 and beta over 1. Stocks have equal weight in the beginning balance, passive strategy, long position.
Against our expectations, the stock of WEX reacted positevely on the m&a news. According to our strategy, we end our short position in WEX.