MAY 29 ACTIVITY, OVERALL PERFORMANCE, CURRENT HOLDINGS
Covered all ITWO at 23.50 +1.33
Covered all BLDP at 55.70 +3.15
Covered 1/2 position SCMR at 10.05 from 11.50 +1.45 (still holding 1/2 position from 10.30)
Shorted 1/2 position RSTO at 6.26
Shorted 1/3 position CPST at 37.10
It was a good day, but not spectacular.
My INTU and GADZ longs got hurt today.
I made a mistake, should of sold 1/2 my INTU on friday in the 36s
TIVO really made the day as the dump started.
Profit of $6,391 or 0.39% for the day.
(these results do not include my profits on TIVO naked calls)
Unrealized profit/loss in TIVO naked call options:
profit of $26,850 on the day
profit of $13,500 overall on these options.
Overall Performance since April 28, 2001:
Potfolio value is $1,647,296
Portfolio is plus $147,296 or +9.82%
I am currently 11 to 10 to the short side (approximately 425K long and 507K short, 54% vs 46% to the short)
Portfolio is 56.59% invested
(these results do not include my naked sold TIVO call options gain/loss, will add to total results when I close the position)
Total realized gains since April 28, 2001 are $153,081
In 21 trading days since inception I am averaging a gain of 0.47% per trading day. (annualized thats 117.50%)
15 out of 21 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 |
