techstocks.com
Cash = $85,099.50
Portfolio Value = $100,724.50
I am putting 100,000 "cyber" dollars in my long portfolio. I tried to put in an entry for a money market fund to represent idle cash, but unfortunately SI doesn't update prices on open end mutual funds for some reason. So I'll have to keep track of the cash outside of the portfolio. The only point to the arbitrary starting point of 100k is to benchmark the performance. All positions will be as they are in my real money portfolio otherwise.
There will be no daytrading in this portfolio. Other than that, long positions may last as long as this subject, or as shortly as overnight, or any amount of time in between. I will update in as close to realtime as possible, but if the day is like Friday, entries may well have to wait until after the close. This will be treated as a "cash" account.
I have nothing against margin, but it serves no real purpose in cyberspace. I could just as easily put 200K cyber dollars in the account, so why mess with the headache of margin? There will also be no interest paid on my idle cash. If I am holding a stock when it pays a dividend, that will be reflected in the account.
I do intend to add RVT this week. I should have had a limit order in yesterday. Unfortunately, I didn't, and was distracted by CIEN. My limit price is still 14 for RVT.
Barb |
