JULY 12th DAILY ACTIVITY and OVERALL PERFORMANCE
Shorted 1/2 position SONS at 23.60
Shorted 1/2 position WEBX at 25.00
Shorted 3/4 position UTSI at 24.82
SHorted 3/4 position AEOS at 39.70
Shorted 1/2 position MONE at 19.90
Shorted 3/4 position SMTF at 39.10 in AH
Bought triple position EXLT at 16.31
Sold all PPDI at 30.42 +.87
Sold all RBAK at 7.00 +.55
Sold all MCAF at 13.50 +1.25
Major victory today to only lose very tiny, despite being significantly net short.
WEBM, LWIN, EMEX, ROOM, STEM, NETA and WEBX were the significant losers for me today.
I hope everyone understands the value of a balanced and diversified portfolio after todays blast to the moon.
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 ($3,450) or (0.17%) for the day.
Profit of $7,877 or 0.39% for the week.
Profit of $176,990 or 9.64% for the month of July.
Overall Performance since April 28, 2001:
Portfolio value is $2,012,516
Portfolio profit is +$512,516 or +34.17%
Approximately 1325K shorts and 767K longs, 63% vs 37% to the short side.
Portfolio is 104% invested of cash. (first time using margin in a very long time)
Total realized gains since April 28, 2001 are $552,207.
In 52 trading days since inception I am averaging a gain of 0.66% per trading day. (annualized thats 164%)
37 out of 52 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 losses to 8-10% maximum and most of the time much smaller, based on a full position.
Long-term pos shorts I am significantly more lenient towards losses. (proper allocation is a must on these)
Many Happy Returns
traderpulse.com
Michail |
