Tuesday's Activity, Overall Performance, Current Holdings
Sold very small RRRR in pre-market at 1.75 -.08
Sold 1/2 remaining RRRR at 1.26 and 1.27 -.56 and -.53
Sold remaining 1/2 RRRR at 1.18 -.62
Covered all NVDA at 82.00 +1.90
Shorted 1/2 position SCUR at 17.01
Shorted 1/2 position CPST at 29.31
Shorted 1/2 position IMNR at 5.29
Shorted 1/2 position GLGC at 23.02
Shorted 3/4 position CMVT at 64.78
Shorted 3/4 position SCMR at 9.87
Shorted full position STOR at 19.67
Shorted 1/2 position SKIL at 33.10
Roundturn long 3/4 position BEAS +1.00 (from 34.10 to 35.10)
RRRR ruined the party today and broke my winning streak of consecutive profitable days.
FOMC decision and comments were significantly more bullish than I thought, but the result was as I predicted.
Tomorrow a new streak begins:-)
Loss of ($32,187) or 1.91% for the day.
Overall Performance since April 28, 2001:
Potfolio value is $1,649,578
Portfolio is plus $149,578 or +9.97%
I am currently 7 to 2 to the short side (approximately 267K long and 958K short, 78% vs 22% to the short)
Portfolio is approximately 74.26% invested
Total realized gains since April 28, 2001 are $120,606
In 12 trading days since inception I am averaging a gain of 0.83% per trading day. 10 out of 12 profitable trading days.
Today by far being the worst.
Still 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 |
