Doug Kass is the president of Seabreeze Partners Management Inc. Until 1996, he was senior portfolio manager at Omega Advisors, a $6 billion investment partnership. Before that he was executive senior vice president and director of institutional equities of First Albany Corporation and JW Charles/CSG. He also was a General Partner of Glickenhaus & Co., and held various positions with Putnam Management and Kidder, Peabody.Expand

Kass received his bachelor's from Alfred University, and received a master's of business administration in finance from the University of Pennsylvania's Wharton School in 1972. He co-authored "Citibank: The Ralph Nader Report" with Nader and the Center for the Study of Responsive Law and currently serves as a guest host on CNBC's "Squawk Box."Collapse

Aug 27, 2015
| 7:26 AM EDT
Spits the bit (to use a harness racing term).

Recommended Listening Real Money Pro($)

In my interview Tuesday with Bloomberg TV, I discussed the broken market mechanism and the high-frequency-trading predators' role in the market's Monday and Tuesday schmeissings.
| Aug 26, 2015
| 4:50 PM EDT
I couldnt agree with you more. Liars liars a pants on fire! They all bought at the lows. Sure

Catch You on the Flip Side Real Money Pro($)

A good day all around.

And in the Home Stretch ... Real Money Pro($)

There is $600 million to sell market on close.

Back to Shorting Facebook Real Money Pro($)

I just put back the short Facebook (FB) leg at $86.75 of my Long Twitter (TWTR)/Short Facebook paired trade.

Ending the Day Net Long Real Money Pro($)

After today's purchases, I am ending the day net long.
We are now nearly 40 handles off of the morning's lows. Spyders have ranged $188.37 to $192.47 and are now at about $192.

10-Year Note Yield Improves Real Money Pro($)

The yield on the 10-year U.S. note after a poor auction today is back up to 2.18%.
I hope my transparency -- which today has included a discussion of stopping out SPDR S&P 500 ETF (SPY) for a gain and explaining why I am making certain trades -- are helpful for those who understand more specifically my trading strategies and entry and exit points.


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