PORTFOLIO UPDATE FOR JANUARY 31:
Tech stocks keep roaring along. Portfolio is up 13% year to date. Best recent short-term trades were IMON overnight for 42% and USRF overnight for 32%. My only really stupid trade this month was a losing daytrade in AVCO (-300 bucks). Not buying back NITE was also a mistake. Otherwise, it's win some and lose some.
CORE POSITIONS: WCOM, BRKB, re-bought CMGI at 104. (31%)
50% GAIN CANDIDATES: CMIV, FLYR, FNDTF, FHT, MFNX, MXTR, PLCM, PROG, RNWK, VRIO, VTSS, XYLN. (50%) These positions range from 2 - 6% of the portfolio each. Stopped out of DISH and IACO, cashed out OMPT for a 20% gain. FHT and RNWK started to break out this week - keep an eye on both.
TRADIN' TRASH: ERGO, KCS, NRAG, TNO. (13%) Dumped FTIC at break even.
MUTUAL FUND CORNER (NEW): BEARX, SCGEX. (11%)
SHORT: None.
OPTIONS: Forgot to mention last time I still have LOR January 2000 25 calls, bought at 2 and now at 4 5/8. I may sell half soon to get some cash in my option account.
Percentages add up to 105% thanks to a margin position in TNO which I will dump if it doesn't start moving early this week. I want to add IPO PER (Perot Systems) on Tuesday if it doesn't open too high.
Performance by % gains:
WCOM +50%
FHT +40%
RNWK +30%
FNDTF +23%
MFNX +20%
CMGI +18%
XYLN +18%
PLCM +14%
VRIO +14%
VTSS +10%
BRKB +4%
SCGEX +4%
TNO -1%
BEARX -3%
PROG -6%
MXTR -10%
CMIV -15%
ERGO -20%
FLYR -20%
KCS -40%
NRAG -55%
Performance by $$$ gains:
WCOM
CMGI
MFNX
FNDTF
RNWK
VRIO
PLCM
XYLN
BRKB
FHT
VTSS
SCGEX
(Paper profits amount to 8 1/2% of the portfolio)
TNO
PROG
BEARX
CMIV
MXTR
ERGO
KCS
FLYR
NRAG
(Paper losses equal 2% of the portfolio without NRAG and 6% with NRAG)
Sector Breakdown:
Internet Services: RNWK, VRIO, CMGI (18%)
Communications: WCOM, MFNX, LOR (16%)
Hardware: PLCM, XYLN, CMIV, MXTR (16%)
Financial/Insurance: BRKB (15%)
Mutual Funds: BEARX (Shorts), SCGEX (Europe) (11%)
Semis: VTSS (6%)
Software: FNDTF (5%)
Internet Retailers: FHT, PROG (4%)
Gaming: NRAG (3 1/2%)
Travel: FLYR (2%)
Energy: KCS (2%)
Misc: ERGO (2%)
I also did a breakdown by market cap. In my universe, I consider any stock over $1 billion a "large cap", those over $500 million "medium cap" and under $500 million "small cap". I currently have 11 large caps, two medium caps and 7 small caps plus two mutual funds.
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