PORTFOLIO UPDATE DECEMBER 11:
For new lurkers, I update my portfolio from time to time so you can see how I have distributed my holdings among sectors, and track the winners and losers. This is a real portfolio – no smoke, mirrors, newsletters or other hype jobs. All of my position trades are recorded for the thread (daytrading is not included – follow the thread for those).
This is a diversified, medium risk portfolio aimed at aggressive growth without undue risk to the original capital. The largest single position is less than 15% of the total portfolio. Position plays are augmented by regular intraday and overnight trades.
In dollar terms, the portfolio is now at an all-time high for 1999.
New additions (since 12/4): Long – INFM, FORTY, LDP, ALOY, MQST, OBAS, WAXS.
Out (since 12/4): Long – CIRC, DSET, PROG. Short – REFR.
Now holding 98% techs and 21% non-tech stocks (with 19% cash margin).
Portfolio currently ahead +119% YTD, up from +107% on December 13. Dow is up 22% (flat from 22%), NASDAQ 61% (up from 60%) and S&P about 15 (down from 18%). The Internet Index is now up 163% YTD.
According to the Bloomberg Mutual Fund Center, the 50% Gains portfolio ranks 26th in the top 25 US Technology mutual funds for YTD performance (I shifted from the Overall list to the Technology list because too many Asia or Russia-based funds were skewing the results). It takes +120% YTD to make the cut right now.
The one-year performance (+158%) ranks 12th in the top 25 Technology funds where the minimum is +118%. bloomberg.com (select Technology Funds)
Core holdings: AREM, AOL, ASDS, CMGI, COMS, DCLK, FFTI, IMCL, ISWCX, LPAC, MGIC, MSFT, MSGI, NSATF, RNWK, VRIO, WPNE: 60.5%.
50% Gains Candidates: ALOY, BINC, CNQR, CYPLF, FORTY, FSFT, GCOM, IMAN, INFM, LDP, LINK, LIOX, LOOK, MQST, OBAS, OPAY, RDWR, RMKR, SGNT, SCOC, TMNG, TTPA, WORK, WAXS: 52.6%.
Tradin' Trash: FPAFF: .6%.
Options: CNC Jan 22.5 calls, BTGC April 10 calls, SRCM April 7.5 puts, PETM May 5 calls, WMB January 2001 40 LEAP calls, T January 2001 56.6 LEAP calls: 5.3%. (Note: I shifted from BTGC common shares to the BTGC April 10 calls)
Cash: -19% (margin).
Current shorts: ZIXI. Equals 3.5% of portfolio value long, down from 4.5% on December 11.
SECTORS: The portfolio is now overweighted with tech stocks and Internet stocks for the year-end rally. Options holdings are included.
Internet Services: AOL, CMGI, RNWK, VRIO, DCLK, CNQR, LOOK, RDWR, MSGI, WPNE, ASDS, RMKR, ALOY, MQST (33.7%)
Broadcasting/Communications: ISWCX, LPAC, T LEAP calls, GCOM, NSATF, TMNG, WAXS (29.3%)
Software: IMAN, FSFT, MGIC, MSFT, SCOC, AREM, SGNT, INFM, FORTY (24.7%)
Business Services: FFTI, OPAY, WORK (10.6%)
Biotech: BINC, IMCL, BTGC (7%)
Hardware: OBAS, COMS, LINK (6.2%)
Gaming: CYPLF/CRY.TO (4%)
Financial: LDP, CNC calls (1.7%)
Retailers: PETM calls (1.6%)
Asia: FPAFF (.6%)
Energy: WMB LEAP calls (.4%)
Currently 31 winners and 12 losers, or 31 and 13 if you count shorts (options are too volatile to include week to week).
Comments, questions and suggestions more than welcome as always.
|
