JUNE 1 ACTIVITY, OVERALL PERFORMANCE, CURRENT HOLDINGS
Covered 1/3 of a double position FNSR at 15.40 -.03 in pre-market
Covered 2/3 of a double position FNSR at 16.15 -.78
Covered all TARO at 65.25
Covered all IMNR at 2.47 in pre-market
Shorted 1/3 position DLIA at 5.17
Shorted 1/2 position SCMR at 11.35
Shorted 1/2 position IDN at 8.59
Another great day to close out an amazing week.
Gapped up to new all time highs again.
IMNR paid off huge, as they lost more than 1/2 its value.
FNSR was my only real loser, but I took my loss early and moved on.
I am still boxed and neutral in TIVO.
Profit of $38,880 or 2.26% for the day.
Profit of $115,924 or 7.06% for the week.
(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 $8,400 overall on these options based on closing ask of $3.80.
Overall Performance since April 28, 2001:
Potfolio value is $1,756,829
Portfolio is plus $256,829 or +17.12%
I am currently 11 to 10 to the long side (approximately 427K long and 389K short, 52% vs 48% to the long)
Portfolio is 46.46% 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 $243,069
In 24 trading days since inception I am averaging a gain of 0.71% per trading day. (annualized thats 177.50%)
18 out of 24 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
traderpulse.com;
Michail |
