PORTFOLIO UPDATE JANUARY 7:
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.
New additions (since 1/1): Long – ALA, IATV, TV, MKSI, TLCM, EWM, AIS, TOM May 20 calls, DISH, EDIG. Short – EGGS, USPIX.
Out (since 1/1): Long – CONV, WAXS, LINK, BWEB, PFSW, PLUS, WPNE, MSFT, BTGC calls, OPAY, IDC, ASDS, SGNT, ESHR, SPLY, CRY.TO. Short – RHAT, JWEB.
Now holding 67% techs and 34% non-tech stocks (with 1% cash margin).
Portfolio currently –2% YTD.. Dow is up 2%, NASDAQ down 6% and S&P flat. The Internet Index is down 9% YTD.
According to the Bloomberg Mutual Fund Center, the 50% Gains portfolio ranked 4th in the top 25 US Technology mutual funds for YTD performance. It took -8% YTD to make the cut. bloomberg.com (select Technology Funds). The one-year performance of +145% ranked 10th.
Core holdings: AREM, AOL, CMGI, COMS, DCLK, FFTI, IMCL, ISWCX, LPAC, MGIC, MSGI, NSATF, RNWK, VRIO: 49%.
50% Gains Candidates: AIS, ALA, BINC, BOSC, DISH, EDIG, EWM, FORTY, GENE, HUMC, IARC, IATV, LDP, MKSI, SFP, TLCM, TV, WORK: 44%.
Tradin' Trash: None
Options: ZIXI Jan 35 puts, BTGC April 10 calls, SRCM April 7.5 puts, PETM May 5 calls, TOM May 20 calls, THQI June 30 calls, T January 2001 56.6 LEAP calls, WM Jan 2002 25 calls: 8%.
Cash: -1%.
Current shorts: ZIXI, EGGS, USPIX. Equals 14% of portfolio value long, up from 9% on January 1.
SECTORS: The portfolio is slightly overweighted with tech stocks and Internet stocks. Option holdings are included.
Internet Services: AOL, CMGI, RNWK, VRIO, DCLK, BOSC, MSGI (28%)
Broadcasting/Communications: ISWCX, LPAC, T LEAP calls, NSATF, ALA, DISH, IATV, TV (22.5%)
Software: HUMC, THQI calls, MGIC, MSFT, AREM, IARC, FORTY (11.5%)
Hardware: COMS, MKSI, TLCM, AIS, EDIG (11%)
USPIX Short Mutual Fund (10%)
Biotech: BINC, IMCL, GENE (5.5%)
Business Services: FFTI, WORK (4%)
Retailers: TOM May 20 calls, PETM May 5 calls, SFP (4%)
Financial: LDP, WM calls (3.5%)
Asia: EWM (1%)
Currently 19 winners and 15 losers, or 21 and 16 if you count shorts (options are too volatile to include week to week).
Comments, questions and suggestions more than welcome as always.
|
