Friday's Activity, Overall Performance, Current Holdings
Covered all OPWV at 34.75 +1.65
Covered all LVLT at 14.50 +1.35
Covered all FCEL from 75 entry at 68.50 +6.50 (still holding original 1/2 position from 60.75)
Bought another 1/4 position in RRRR at 1.80 and 1.81
Bought another 1/4 position in RRRR at 1.83 (total holding is just over a full position)(will probably add a liitle more on monday)
Another great day to end a great week. 5 for 5 on the week.
Expect pretty significant changes in my portfolio heading into the FOMC decision.
Profit of $26,423 or 1.61% for the day.
Profit of $78,074 or 4.90% for the week.
Overall Performance since April 28, 2001:
Potfolio value is $1,669,954
Portfolio is plus $169,954 or 11.33%
I am currently 6 to 5 to the short side (approximately 435K long and 486K short, 53% vs 47% to the short)
Portfolio is approximately 55.15% invested
Total realized gains since April 28, 2001 are $147,774
In 10 trading days since inception I am averaging a gain of 1.13% per trading day. 9 out of 10 profitable trading days.
Pretty amazing considering I been only 1/2 invested of cash and 1/4 of margin buying power.
Also, the portfolio has had very tiny volatility and risk.
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 |
