Monday's Activity, Overall Performance, Current Holdings
Shorted LNUX at 5.25 for a 1/4 position (really want to add more at 6 and higher)
Shorted BZH at 65.25 for a FULL position
Shorted GE at 49.57 for a FULL position
Shorted WFMI at 47.95 for a 3/4 position
Bought TMTA at 11.15 for a 1.50 position
Bought TMTA at 11.00 for a 1/2 position
After a rocky first hour, things settled down nicely. Ended with a pretty decent up day.
Profit of $13,238 or .83% for the day. (I would love to annualize this - ha ha)
Overall Performance since April 28, 2001:
Potfolio value is $1,605,118
Portfolio is plus $105,118 or 7.01%
I am currently 3 to 2 to the short side (approximately 453K long and 716K short, 61% vs 39% to the short)
Portfolio is approximately 72.8% 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 |
