JUNE 6 ACTIVITY, OVERALL PERFORMANCE, CURRENT HOLDINGS
Shorted full position GLGC at 25.75
Shorted 1/2 position HLIT at 12.90
Bought 1 1/2 position HBIO at 8.00
Bought 1/2 position HBIO at 7.80
Another profitable day today. (but very small)
Very poor last 10 minutes today as I gave back some nice gains on the close.
New all time highs again today.
RSTO, MFNX, DLIA and HLIT went against me today significantly (who and why on this earth would want to own these stocks is beyond me)
I am still boxed and neutral in TIVO, almost unboxed today early around 9. Perhaps tomorrow.
Profit of $2,009 or 0.11% for the day.
Profit of $64,466 or 3.75% for the month of June.
(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 $14,400 overall on these options based on closing ask of $3.20
Overall Performance since April 28, 2001:
Potfolio value is $1,782,415
Portfolio is plus $282,415 or +18.83%
I am currently about 11 to 10 to the short (approximately 550K long and 622K short, 53% vs 47% to the short)
Portfolio is 65.77% 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 $260,635
In 27 trading days since inception I am averaging a gain of 0.70% per trading day. (annualized thats 175%)
21 out of 27 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 |
