PORTFOLIO UPDATE DECEMBER 4:
For new lurkers, I update my portfolio from time to time so you can see how I have distributed my holdings among sectors, and track the winners and losers. This is a real portfolio – no smoke, mirrors, newsletters or other hype jobs. All of my position trades are recorded for the thread (daytrading is not included – follow the thread for those).
This is a diversified, medium risk portfolio aimed at aggressive growth without undue risk to the original capital. The largest single position is less than 15% of the total portfolio. Position plays are augmented by regular intraday and overnight trades.
In dollar terms, the portfolio is now at an all-time high for 1999.
New additions (since 11/13): Long – COMS, DSET, FSFT, GCOM, IMAN, LINK, LIOX, OPAY, RMKR, SGNT, SCOC, TMNG, TTPA, WORK, PETM May 5 calls. Short - ZIXI.
Out (since 11/13): Long – EWEB, DRTN, GETY, STAD, HEAR, NPNT, MTA, FNDT, CLIC, STJ, SNRS puts, DSS, INPH, SLNK, WEIR. Short – CSCC, MKTW.
Now holding 80% techs and 32% non-tech stocks (with 12% cash margin).
Portfolio currently ahead +107% YTD, up from +75% on November 6. Dow is up 22% (up from 17%), NASDAQ 60% (up from 45%) and S&P about 18 (up from 14%). The Internet Index is now up 140% YTD.
According to the Bloomberg Mutual Fund Center, the 50% Gains portfolio ranks 16th in the top 25 US Technology mutual funds for YTD performance (I shifted from the Overall list to the Technology list because too many Asia or Russia-based funds were skewing the results). It takes +98% YTD to make the cut right now.
The one-year performance (+155%) ranks 9th in the top 25 Technology funds where the minimum is +118%. bloomberg.com (select Technology Funds)
Core holdings (7 new stocks here): AREM, AOL, ASDS, BTGC, CMGI, COMS, DCLK, FFTI, IMCL, ISWCX, LPAC, MGIC, MSFT, MSGI, NSATF, RNWK, VRIO, WPNE: 64.4%.
50% Gains Candidates: BINC, CIRC, CNQR, CYPLF, DSET, FSFT, GCOM, IMAN, LINK, LIOX, LOOK, OPAY, PROG, RDWR, RMKR, SGNT, SCOC, TMNG, TTPA, WORK: 44%.
Tradin' Trash: FPAFF: .6%.
Options: CNC Jan 22.5 calls, SRCM April 7.5 puts, PETM May 5 calls, WMB January 2001 40 LEAP calls, T January 2001 56.6 LEAP calls: 3%.
Cash: -12% (margin).
Current shorts: REFR, ZIXI. Equals 4.5% of portfolio value long, down from 7% on November 13.
SECTORS: The portfolio is now overweighted with tech stocks and Internet stocks for the year-end rally. Options holdings are included.
Internet Services: AOL, CMGI, RNWK, VRIO, DCLK, CIRC, CNQR, LOOK, RDWR, MSGI, WPNE, ASDS, IMAN, RMKR (40%)
Broadcasting/Communications: ISWCX, LPAC, T LEAP calls, GCOM, DSET, NSATF, TMNG (29%)
Software: FSFT, MGIC, MSFT, SCOC, AREM, SGNT (12%)
Business Services: FFTI, OPAY, WORK (11%)
Biotech: BINC, IMCL, BTGC (7%)
Hardware: COMS, LINK (4.5%)
Gaming: CYPLF/CRY.TO (3.8%)
Retailers: PETM calls, PROG (3.2%)
Asia: FPAFF (.6%)
Energy: WMB LEAP calls (.5%)
Financial: CNC calls (.3%)
Currently 26 winners and 14 losers, or 27 and 15 if you count shorts (options are too volatile to include week to week).
Comments, questions and suggestions more than welcome as always.
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