MAY 30 ACTIVITY, OVERALL PERFORMANCE, CURRENT HOLDINGS
Covered all TIVO shares (not options) at 8.05 +3.45 in pre-market
Covered all CPST at 34.10 +3.00
Covered all WEBX at 16.85 +5.49
Covered all SCMR at 9.10 +1.20
Bought 1/2 position RNWK at 11.30
Closed all June 10 naked calls at .20 +2.65 (50 contracts - gain of 13,250)
Bought TIVO in AH at 7.08 average, and therefore boxed all 100 June 5 naked calls with stock
Today was a great day.
Gapped up to new all time highs.
INTU was my only real loser today. (can have everything)
I made a mistake, should of sold 1/2 my INTU on friday in the 36s
TIVO really made the day as the dump continued.
I am now boxed and neutral in TIVO.
Profit of $41,286 or 2.51% for the day.
(these results do not include my profits on TIVO June 5 naked calls)
Unrealized profit/loss in TIVO June 5 naked call options:
profit of $21,400 overall on these options based on closing ask of $2.50.
Overall Performance since April 28, 2001:
Potfolio value is $1,688,582
Portfolio is plus $188,582 or +12.57%
I am currently 3 to 2 to the long side (approximately 459K long and 302K short, 60% vs 40% to the long)
Portfolio is 45.08% invested
(these results do not include my June 5 naked TIVO call options gain/loss, will add to total results when I close the position)
Total realized gains since April 28, 2001 are $203,560
In 22 trading days since inception I am averaging a gain of 0.57% per trading day. (annualized thats 142.50%)
16 out of 22 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 |
