MAY 23 ACTIVITY, OVERALL PERFORMANCE, CURRENT HOLDINGS
Covered 1/2 position ITWO at 26.18 +1.57 (still holding 1/2 position)
Covered 1/2 position EPAY at 7.90 +2.10 (still holding full position)
Covered all RNWK at 14.75 +.11 on a stop
Bought full position AEOS at 37.97
Bought full position HOTT at 34.80
Bought full position HOTT at 34.53
Bought full position SNPS at 59.35
Bought full position SNPS at 59.75
Sold full position NOVL at 4.68 -.33
Sold full position HOTT at 32.75 in AH -1.78
Roundtrip in QCOM unchanged
Very nice start today and ended with a nice gain on the day, but could of been much better.
The Nasdaq has had me baffled the last 6 trading days, which is unusual.
Profit of $29,802 or 1.87% for the day.
Overall Performance since April 28, 2001:
Potfolio value is $1,620,244
Portfolio is plus $120,244 or +8.02%
I am currently 2 to 1 to the long side (approximately 888K long and 442K short, 66% vs 34% to the long)
Portfolio is 82.10% invested
Total realized gains since April 28, 2001 are $143,411
In 18 trading days since inception I am averaging a gain of 0.45% per trading day. (annualized thats 112.5%)
12 out of 18 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 |
