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Strategies & Market Trends : Z PORTFOLIO -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (6911)	12/27/2001 9:47:23 AM
From: Larry S.	Read Replies (1) \| Respond to of 11568

OK, will do. I am long CD and LMCA. will sell them by Monday. There are some stocks I wanted to buy for the Z, but held off pending year end. thanks. larry

To: Susan Saline who wrote (6911)	12/27/2001 11:46:51 AM
From: Paul Moerman	Respond to of 11568

ztrades: sell all IDTI at 27.03 sell all BA at 38.75 sell all FMO at .71 just following SS's request, I still like all three for next year and will buy back in the Z

To: Susan Saline who wrote (6911)	12/29/2001 3:57:38 PM
From: DanZ	Read Replies (5) \| Respond to of 11568

Sue, I disagree with your comments but will go with the consensus. Here is what I disagree with. <last year we just changed the prices starting in that new year which gave unrealistic entry prices> As I explained last year, I didn't change the entry prices. I changed the cost to match the price at the end of the year to provide an accurate return for last year and an accurate starting point for this year. This is no different than selling all positions as of the last trading day of the year and buying them back on the first trading day of the new year. It is just easier to carry over the positions and use the closing price on 12/31 to settle the books for the year. One way to settle the books for the previous year and keep the entry price the same is to adjust the beginning balance. I elected not to do this last year because I think it is more confusing if the ending balance from one year doesn't equal the beginning balance of the next year. <If we do that again this year it make the portfolio nil and void I would like to trade again in this portfolio but without rules and realism it is a fruitless venture> I think that this is a gross exaggeration because it implies that the portfolio is only valuable and real if we account for carryover positions a certain way. Actually I think it is more realistic to carry over positions from one year to the next than to sell everything and buy them back on the first trading day of the new year. Does anyone here really do that, and if so, why? I will go with the consensus, but don't think that selling a position based on some arbitrary date such as the last day of the year is realistic. Reference shorting in the portfolio: It isn't much more work to account for a short position than a long position. The issues lies in whether this is a cash account or margin account. When we allowed shorting, we had a margin account and allowed purchases up to twice the cash balance, if I recall correctly. If we can reconcile this issue, I don't have a problem with accounting for short sales. Sue: Thanks for the trade summary. It is very helpful. Dan