Monday's Activity, Overall Performance, Current Holdings
Covered all RNWK at 13.75 -.78 (hit my stop at 13.75)
Covered all INRS at 41.70 -1.80 (hit my stop at 42.00)
Covered all NVDM at 9.54 average -.30
Covered all SCUR at 17.00 (1/2 +.90 and 1/2 +.01)
Covered all SKIL at 30.05 +3.05
Covered all SPWX at 15.30 -3.48
Shorted 1/2 position ITWO at 24.83
Shorted 1/2 position ITWO at 27.75
Shorted full position RFMD at 36.00
Shorted 3/4 position MFNX at 5.41
Shorted 1/2 position EPAY at 7.72 (average fill)
Shorted 1/2 position SCMR at 11.50
Reshorted full position RNWK at 14.86
Today started out bad and kept getting worse through out the day as the NAZ rallied and ended on the highs at a critical 2300 level.
Very tough environment for shorting right now.
Also, just cant find longs that dont appear overvalued.
Really want to balance my portfolio much more.
Loss of ($33,241) or 2.03% for the day.
Overall Performance since April 28, 2001:
Potfolio value is $1,608,216
Portfolio is plus $108,216 or +7.21%
I am currently 9 to 1 to the short side (approximately 97K long and 914K short, 90% vs 10% to the short)
Portfolio is 62.87% invested
Total realized gains since April 28, 2001 are $145,549
In 16 trading days since inception I am averaging a gain of 0.45% per trading day.
11 out of 16 profitable trading days.
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 |
