JUNE 28th DAILY ACTIVITY and OVERALL PERFORMANCE
Shorted full position MONE at 19.50
Shorted double position TARO at 87.50
Covered all FFIV at 19.16 -1.26
Bought 1.50 position LBRT at 9.50
Bought 1.50 position LBRT at 9.53
Sold 1.50 position LBRT at 8.60 -.93
Sold 1/4 position CORV at 4.00 +.48 (still 1/2 position left)
A very nice profitable day turned to dust last 30 minutes and AH.
ALOY, CWON, LWIN, HOMS and LBRT the 5 stocks that went against me significantly today.
LBRT was a disappointment to me in AH, my expectation level was significantly higher.
Btw, notice the non-volatility of my account, slow and steady growth.
Remember this, portfolio preservation should the #1 goal of every investor.
Risk and money management can never be stressed enough.
Loss of ($15,175) or (0.79%) for the day.
Loss of ($5,911) or (0.31%) for the week.
Profit of $177,598 or 10.34% for the month of June.
Overall Performance since April 28, 2001:
Potfolio value is $1,895,547
Portfolio is plus $395,547 or +26.34%
Approximately 295K longs and 959K shorts, 24% vs 76% to the short.
Portfolio is 66% invested
Total realized gains since April 28, 2001 are $433,413.
In 43 trading days since inception I am averaging a gain of 0.61% per trading day. (annualized thats 153%)
31 out of 43 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 |
