Friday, August 16, 2013

Tripadvisor : The Largest Travel Site in the World

Plan and have your perfect trip with TripAdvisor, the world's largest travel site. Browse over 100 million candid reviews, opinions, and photos of hotels, restaurants, attractions, and more - all by travelers like you. You'll also find low airfares, free travel guides, worldwide vacation rental listings, popular forums with advice about virtually every destination, and more. No wonder so many travelers make TripAdvisor their first stop before every trip.

Special Situation Porfolio added this counter as watchlist. We will do more research on this company.

Thursday, August 15, 2013

15 Aug 2013 : It's time to exit Gold Investment

After a glitch that delayed their release, a flood of 13F filings, which tell us what hedge funds were holding at the end of the last quarter, poured in Wednesday afternoon.

John Paulson was an early highlight, with his fund cutting more than half of its position in the SPDR Gold Trust GLD . This after the billionaire manager stood by his gold-backed exchanged-traded fund for several quarters.

His exit coincided with unprecedented gold ETF outflows in the second quarter. Net outflows reached $18.5 billion in the period between end of March through June, marking the biggest quarterly sell-off since the first gold ETF was launched in 2003.

Paulson also offed holdings in Barrick Gold ABX and held tight to holdings in Agnico Eagle Mines AEM , Allied Nevada Gold ANV and Iamgold IAG . Paulson added to its stake in Freeport-McMoRan Copper & Gold FCX .

Elsewhere, George Soros also took part in the massive gold ETF exodus, dumping nearly 531,000 shares of the SPDR Gold Trust while more than doubling his relatively small Apple AAPL position.

Special Situation Blog encourage reader to stay away from gold now.