MAY 25 ACTIVITY, OVERALL PERFORMANCE, CURRENT HOLDINGS
Covered all GENE at 13.25 +2.40
Covered all ELBO at 31.29 average -.29
Covered all NUAN at 17.50 +2.55
Covered 1/2 position EPAY at 7.10 from 7.72 +.62 (still holding 1/2 position from 5.58)
Shorted 1/2 position TIVO at 11.50
Shorted 1/3 position HEPH at 7.47
Sold naked June 5 calls in TIVO at 6.40 average 50 contracts
Sold naked June 10 calls in TIVO at 2.85 average 50 contracts
Symbols are TUK-FA and TUK-FB, portfolio tracker does not recognize options. (will calculate this manually when I close the position)
It was a good day, but nothing spectacular.
Actually a bit disappointed, considering the market selloff and being 2 to 1 short.
ELBO was a major disappointment, as I closed the short position with a tiny loss.
I just dont understand why they didnt selloff, but I didnt feel like fighting ELBO any further
Profit of $20,398 or 1.26% for the day.
Loss of ($552) or 0.00% for the week.
Overall Performance since April 28, 2001:
Potfolio value is $1,640,905
Portfolio is plus $140,905 or +9.39%
I am currently 5 to 4 to the short side (approximately 455K long and 581K short, 56% vs 44% to the short)
Portfolio is 63.17% invested
This does not include my naked sold TIVO call options
Total realized gains since April 28, 2001 are $141,437
In 20 trading days since inception I am averaging a gain of 0.47% per trading day. (annualized thats 117.50%)
14 out of 20 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 |
