Snasraway, I can't believe you're both able and willing to try to make sense out of the blizzard of numbers that we're all piling onto you...but truly, my thanks all the same (if only because this was an exercise I hadn't gone through in a long time). For what it's worth, combining all my various retirement, UTMA, and taxable accounts together:
QCOM 61.0%
CNXT 6.5%
GMST 3.5% (want more!)
IBM 2.5% (bought bottom-fishing during the big Oct meltdown, not a LTH by any means)
GBLX 1.0%
DMRK 1.0% (former client)
VSIO 1.0% (indirect play on acquirer MSFT)
(Various 1.5% (received as IPOs; to be 'flipped' 15-45 days after IPO date)
Inuts)
...and to round it out:
Fido Contrafund 8.0% (ten year hold, will cash out in early 2000 to feed G&K hunger)
CASH 14.0%
A large majority of these holdings are in ITM LEAPS or DDIM calls rather than stock - at this moment in my investing career, I am heavily using these types of vehicles for better leverage, in preference to common purchased on margin (of which I have none).
I am also short a number of Jan00 Q puts. I plan to write more soon. The Contrafund does provide the margin to make this possible (as the calls and LEAPS are not marginable), so it's not as much of a total loss as one would think.
Finally, the large current cash balance not completely intentional, caused by expiration-day sale of Oct Q calls and exiting of a few laggards. Was waiting with this as dry powder for the moment that Q or JDSU or NTAP dropped. (Clearly, I should have followed the FM here. <g>) Suggestions (and the concommitant encouragement) to spend it are welcome.
My best to all on this, what I think of as the finest of holidays.
-Rose- |
