JUNE 13th DAILY ACTIVITY and OVERALL PERFORMANCE
Shorted 1/4 position NVGN at 9.75
Shorted 1/4 position NVGN at 10.00
Shorted 1/2 position BSML at 8.50
Shorted 3/4 position SONE at 13.90
Shorted 1/3 position DLIA at 6.98
Shorted 1/2 position NMTC at 23.80
Covered all PCLN at 8.03 +.02
Covered all NVGN at 8.12 +1.88 on 1/4 position and +1.63 on the other 1/4 position
Sold all WGRD at 8.05 +1.02
15th straight profitable day today (pretty amazing streak in this market, especially being net short almost every day)
Made new all time highs again today.
PCLN, DLIA, MRVC were the only 3 stocks that went against me today for anything meaningful.
I am still boxed and neutral in TIVO.
Profit of $13,439 or 0.73% for the day.
Profit of $139,515 or 8.12% 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 $20,400 overall on these options based on closing ask of $2.60
Overall Performance since April 28, 2001:
Potfolio value is $1,857,464
Portfolio is plus $357,464 or +23.83%
I am currently about 11 to 10 to the short side (approximately 533K long and 591K short, 53% vs 47% to the short)
Portfolio is 60.53% 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 $337,397
In 32 trading days since inception I am averaging a gain of 0.74% per trading day. (annualized thats 185%)
26 out of 32 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 |
