MAY 24 ACTIVITY, OVERALL PERFORMANCE, CURRENT HOLDINGS
Covered all HYGS at 6.00 -.57 on 3/8 position and -.15 on 1/8 position
Sold remaining HOTT at 31.00 -3.80 in pre-market
Sold all AEOS at 37.50 -.47
Sold all SNPS at 59.50 -.05 on average
Shorted 1/2 position NUAN at 20.05
Shorted 1/3 position GENE at 15.65
Shorted 1/2 position WEBX at 22.34
Shorted 1/2 position BLDP at 58.85
Shorted double position ELBO at 31.00
Sold naked June 5 calls in TIVO at 2.88 average 50 contracts near the close (couldnt find shares to short-thank god, this is an alternative, will add more tomorrow)
Symbol is TUK-FA, portfolio tracker does not recognize options. (will calculate this manually when I close the position)
I was thrilled to get out of this day basically unchanged.
Sold HOTT at 31 and SNPS at 59.50 only to watch them climb to 32.50 and 62.75
It would be great if we could trade in retrospect:-)
Profit of $263 or 0.00% for the day.
Overall Performance since April 28, 2001:
Potfolio value is $1,620,507
Portfolio is plus $120,507 or +8.03%
I am currently 2 to 1 to the short side (approximately 458K long and 824K short, 64% vs 36% to the short)
Portfolio is 79.14% invested
Total realized gains since April 28, 2001 are $127,862
In 19 trading days since inception I am averaging a gain of 0.42% per trading day. (annualized thats 105%)
13 out of 19 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 |
