JUNE 7 ACTIVITY, OVERALL PERFORMANCE, CURRENT HOLDINGS
Covered all HLIT at 13.50 -2.60 on 1/2 position and -.60 on another 1/2 position
Covered all GOTO at 24.40 +3.15
Reshorted full position HLIT at 14.17
Shorted 1/2 position PCLN at 8.05
Shorted 1/2 position CWON at 7.25
Shorted 1/2 position SKIL at 38.00
Shorted 1/3 position STEM at 5.04
Shorted 1/3 position STEM at 5.55
11th straight profitable day today(pretty amazing streak in this market, especially being net short every day)
New all time highs again today.
IDN and HLIT were the only 2 stocks that went against me today significantly.
I am still boxed and neutral in TIVO, almost unboxed today early around 9. Perhaps tomorrow.
Profit of $25,970 or 1.46% for the day.
Profit of $90,436 or 5.26% for the month of June.
(these results do not include my profits on TIVO June 5 naked calls)
Unrealized profit/loss in TIVO June 5 naked call options:
profit of $14,400 overall on these options based on closing ask of $3.20
Overall Performance since April 28, 2001:
Potfolio value is $1,808,385
Portfolio is plus $308,385 or +20.56%
I am currently about 7 to 5 to the short side (approximately 575K long and 778K short, 58% vs 42% to the short)
Portfolio is 74.83% invested
(these results do not include my June 5 naked TIVO call options gain/loss, will add to total results when I close the position)
Total realized gains since April 28, 2001 are $252,005
In 28 trading days since inception I am averaging a gain of 0.73% per trading day. (annualized thats 182%)
22 out of 28 profitable trading days.
Link for Current Holdings:
siliconinvestor.com
The link above mirrors my personal portfolio exactly.
On April 28, 2001 the portfolio was valued at 1.5 million
A full position represents 6% of portfolio or $100,000
At the end of each month, I dollar cost average 1/2 my profits into value mutual funds.
The portfolio is managed like a hedge fund. (a mix of value longs and overextended, overvalued shorts)
I try to limit my loses to 8-10% maximum and most of the time much smaller, based on a full position.
Many Happy Returns
traderpulse.com;
Michail |
