TUESDAY'S ACTIVITY, OVERALL PERFORMANCE, CURRENT HOLDINGS
Covered all STOR at 19.75 -.08
Covered all RFMD at 35.00 +1.00
Covered all ERTS at 61.20 -2.10
Covered all GLGC at 22.95 +.07
Shorted 1/2 position EPAY at 10.00
Bought double position INTU at 30.64
Bought double position GADZ at 15.45
Bought double position NOVL at 5.01
Sold full position NOVL in AH at 4.75 and 4.76 -.25 and -.26
(still holding a full position)
Terrible start to the day ended with a reasonably small losing day.
EPAY, IMNR, LNUX and SCMR ran big against me.
All 4 are medium term holds.
Did manage to balance my portfolio today with longs.
Feel significantly more comfortable in current market environment with a 50/50 split of longs and shorts.
Loss of ($17,774) or 1.11% for the day.
Overall Performance since April 28, 2001:
Potfolio value is $1,590,442
Portfolio is plus $90,442 or +6.03%
I am currently 11 to 10 to the short side (approximately 594K long and 674K short, 53% vs 47% to the short)
Portfolio is 79.75% invested
Total realized gains since April 28, 2001 are $141,110
In 17 trading days since inception I am averaging a gain of 0.35% per trading day. (annualized thats 87.5%)
11 out of 17 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 |
