Friday's Activity, Overall Performance, Current Holdings
Covered FCEL at 63.25 +5.15 on 1/4 position from 68.40 (still holding 1/2 position from 60.75)
Covered all AEOS at 37.00 +2.90
Covered all DIGL at 38.75 +3.50
Shorted LNUX at 5.10 for a 1/4 position (really want to add at 6 and higher)
Shorted OPWV at 36.40 for a 1/2 position
Shorted OPWV at 40.65 for a 1/4 position
Covered OPWV at 39.00 +1.65 in AH 1/4 position
After a fantastic opening, big market comeback spoiled the day. Ended with a pretty small down day. What a terrible jobs report that was, more fuel for the rate cuts I guess. But soon FOMC will run out of bullets and then what. This report actually had inflationary risk to it also.
Pretty great week - profit of 6.12% for the week.
Overall Performance since April 28, 2001:
Potfolio value is $1,591,880
Portfolio is plus $91,880 or 6.12%
I am currently 2 to 1 to the short side (approximately 248K long and 428K short, 63% vs 37% to the short)
Portfolio is approximately 42.5% invested
Total realized gains since April 28, 2001 are $107,955
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
Michail |
