Operator
Good afternoon ladies and gentlemen and welcome to the Cannae Holdings Inc. Fourth Quarter and Full Year 2020 Earnings Conference Call. During today s presentation, all parties will be in a listen-only mode. Following the company s brief prepared remark, the conference will be open for questions with instructions to follow at that time. [Operator Instructions] As a reminder, this conference call is being recorded.
I wound now to turn the conference over to Shannon Devine, Investor Relations for Cannae Holdings. Please go ahead.
Shannon Devine
Senior Vice President
Thank you, operator and good afternoon everyone. We appreciate your participation in our fourth quarter and full year 2020 earnings conference call. Joining me today are Cannae s Chairman, Bill Foley; Chief Executive Officer, Rick Massey; President, David Ducommun; and Chief Financial Officer, Bryan Coy. As a reminder, a replay of this call will be available through 11:59 P.M. Eastern Time on March 1st, 202
Loeb said his firm was able to "sidestep substantial losses" by sticking with "higher net and low gross exposure" and by cutting its losses after "a few previous painful experiences of our own taking positions against companies with large short interests."
Profit-Taking Is Kicking In: Here Are Some Names on My Shopping List Study those charts and be ready to act as things develop.
Feb 05, 2021 | 11:19 AM EST
Opening strength Friday morning has been met with steady selling in many of the small-cap stocks that have been leading recently. Breadth is still excellent at better than 2 to 1 positive, and over 750 stocks hit new 12-month highs, but it looks like traders are in the mood to lock in some gains as they finish up an excellent week for stock-picking.
The stocks that led Thursday are lagging badly Friday, but it doesn t look like there is any rush for the exits. It is just some profit-taking and cutting of exposure. I expect many of these names to set up quite well again after a bit of rest.
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