PORTFOLIO UPDATE FEBRUARY 12:
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 SI 50% Gains 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 always less than 15% of the total portfolio. Position plays are augmented by regular intraday and overnight trades.
New additions (since 2/5): Long – VMAX, AMG, THDO, SPLH, IGNE, ACOC, SFE, BRKB.
Out (since 2/5): Long – PETM calls, TLCM, AILP, DIGL, ALA, EWM, STKR, GENE, OPAY, TWTC. Short – AMZN.
Now holding 81% techs and 24% non-tech stocks (with 5% cash margin).
Portfolio is currently ahead +26% YTD, up from +14% on February 5. Dow is down 8% YTD, NASDAQ up 7% and S&P down 5%. The Internet Index is down 1% YTD.
According to the Bloomberg Mutual Fund Center, the 50% Gains portfolio ranked 6th in the top 25 US Technology mutual funds for YTD performance. It took +20% YTD to make the cut. bloomberg.com (select Technology Funds). The one-year performance of +197% ranked 16th.
Core holdings: AREM, BRKB, CMGI, COMS, DCLK, FFTI, IMCL, ISWCX, LPAC, MGIC, MSGI, NSATF, RNWK: 42.3%.
50% Gains Candidates: AIS, AMG, AMT, AVAN, BINC, BOSC, CRY.TO/CYPLF, DISH, FORTY, HBCCA, HUMC, HWYM, IATV, IDTI, IFM.TO/BCEGF, IW.TO/IWMSF, JDSU, KLIC, LDP, MKSI, NTL, PCMS, PKI, SFE, SPLH, SSTI, SUNW, THDO, VASO: 57.3%.
Tradin' Trash: ACOC, IGNE, VMAX: 1.7%
Options: SRCM April 7.5 puts, TOM May 20 calls, THQI June 30 calls, OEI August 7.5 calls, T January 2001 56.6 LEAP calls, WM Jan 2002 25 calls: 3.7%.
Cash: -5%.
Current shorts: ZIXI, BDE. Equals 2% of portfolio value long, down from 6% February 5.
SECTORS: The portfolio is overweighted with tech stocks and Internet stocks. Internet Services takes back the second slot from Hardware. Option holdings are included.
Broadcasting/Communications: AMT, DISH, HBCCA, HWYM, IATV, IDTI, ISWCX, JDSU, LPAC, NSATF, NTL, PCMS, T LEAP calls (27%)
Internet Services: BOSC, CMGI, DCLK, IFM.TO/BCEGF, MSGI, RNWK. SFE (22%)
Hardware: AIS, COMS, KLIC, MKSI, PKI, SPLH, SSTI, SUNW (19%)
Software: AREM, FORTY, HUMC, IARC, IW.TO/IWMSF, MGIC, THDO, THQI calls (13%)
Financial: AMG, BRKB, LDP, VMAX, WM calls (9%)
Biotech: AVAN, BINC, IGNE, IMCL, VASO (8%)
Business Services: ACOC, FFTI (3%)
Gaming: CRY.TO/CYPLF (2.5%)
Energy: OEI August 7.5 calls (1%)
Retailers: TOM May 20 calls (.5%)
Currently 37 winners and 8 losers, or 38 and 7 if you count shorts (options are too volatile to include week to week).
Comments, questions and suggestions more than welcome as always.
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