JULY 13th DAILY ACTIVITY and OVERALL PERFORMANCE
Shorted 1/2 position WFHC at 11.80
Shorted 1/3 position DLIA at 6.90
Shorted 1/2 position DTHK at 10.00
Shorted full position ERTS at 59.10
Shorted full position NLI at 9.10
Covered all URSI at 23.90 +.92
Covered all SONS at 21.95 +1.65
Covered all SMTF at 36.15 +2.95
Covered 1/2 position WEBX at 23.54 +1.46 (from 25.00 still holding 1/2 position from 19.85)
Bought 1/2 position FTHL at 3.60
Sold all ERICY at 5.02 +.50
Sold 1.50 positions EXLT at 16.35 +.04
Sold 1.50 positions EXLT at 16.45 +.14
Very nice profitable day, despite market running for the 2nd day in a row.
DLIA, BSML, STEM, NETA, and CKCM were the significant losers for me today.
I hope everyone understands the value of a balanced and diversified portfolio after last 2 day's 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.
Profit of $38,641 or 1.92% for the day.
Profit of $46,518 or 2.32% for the week.
Profit of $215,631 or 11.75% for the month of July.
Overall Performance since April 28, 2001:
Portfolio value is $2,051,157
Portfolio profit is +$551,157 or +36.74%
Approximately 1390K shorts and 413K longs, 77% vs 23% to the short side.
Portfolio is 88% invested of cash.
Total realized gains since April 28, 2001 are $578,808.
In 53 trading days since inception I am averaging a gain of 0.69% per trading day. (annualized thats 173%)
38 out of 53 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 |
