Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Biotech / Medical : VD's Model Portfolio & Discussion Thread -- Ignore unavailable to you. Want to Upgrade?

To: Andreas Helke who wrote (4396)	3/19/1998 12:56:00 PM
From: Rocketman	Read Replies (1) \| Respond to of 9719

The buying power $ number looks right to me, but I'm no accountant, what do you all think? Equity = $124,034 Short sale reserve = $3264 Leaves available equity = $120,770 Margin Debt = $106,286 Buying Power = Avail. Equity - Margin Debt = $14,484 The Margin Maintenance % number does seem like it might be wrong, but I'm not sure on : Equity = $124,034 minus short sale credit reserve = $3264 Avail. Equity = $120,770 Portfolio total = $227,057 Margin Maintenance = Avail Equity/Portfolio = 53.19%, not 54.6% CYTO has calculated. As a check, if spent my $14,484 available buying power: Portfolio total would be: $227,057 + $14,484 = $241,541 Margin debt would be: $106,286 + $14,484 = $120,770 Avail Equity stays at = $120,771, as debt and portfolio incr. equally Still have short credit reserve = $3264, to buy back shorted stock. Avail Equity/Portfolio = $120,770/$241,541 = 50% meaning I've used all my available buying power. Hey CYTO, back to the maint % formula.....again. My head hurts after that, now I know why I don't do accounting! Somebody else (V1?) check our figures please!! Now, if the shorted stock goes up, do we have to increase the short credit reserve, and reduce the available equity to cover the increased cost of replacing the borrowed shares? That's where this really gets complicated. By the same token, if the shorted stock drops, can we reduce the reserve and increase available equity on a daily basis? I can't think about this anymore !@#$$%^&*()! ...... later, Rman

To: Andreas Helke who wrote (4396)	3/19/1998 9:58:00 PM
From: Cytokine1	Read Replies (1) \| Respond to of 9719

VD's MODEL PORTFOLIO 3/19/98 Change $2278 UP 1.02% Started 4/9/97, $100K . INDEX ^IXB UP 0.41% VD Inc: From Transgenic Goats to BioInformatics # CURRENT DAILY CURRENT COST TOTAL %GAIN/ % OF SYMBOL SHRS PRICE CHANGE %CHG VALUE SHR COST LOSS TOTAL ======= ======= ======= ======= ======= ======= ======= ======= ======= ======= CLTR 1000 27.75 0.75 2.78% 27750 10.88 10875 155.2% 11.9% INCY 580 44.38 -0.31 -0.70% 25738 24.28 14080 82.8% 11.0% GZTC 2770 12.13 0.00 0.00% 33586 7.737 21432 56.7% 14.4% GENZ 530 33.81 0.94 2.85% 17921 23.50 12455 43.9% 7.7% BGEN 200 49.56 -0.13 -0.25% 9913 35.88 7175 38.2% 4.3% LGND 2800 15.94 -0.19 -1.16% 44625 12.43 34810 28.2% 19.1% SEPR 146 42.00 1.63 4.02% 6132 37.16 5426 13.0% 2.6% AVIR 500 26.00 -0.25 -0.95% 13000 25.00 12500 4.0% 5.6% MOGN 3000 5.38 0.56 11.69% 16125 5.125 15375 4.9% 6.9% GLFD 500 23.75 0.00 0.00% 11875 28.25 14125 -15.9% 5.1% FUSE 400 12.19 0.56 4.84% 4875 14.19 5675 -14.1% 2.1% GENZL 1000 8.56 0.38 4.58% 8563 10.363 10363 -17.4% 3.7% ABSC 400 11.31 0.06 0.56% 4525 14.94 5975 -24.3% 1.9% REGN 1000 8.50 -0.06 -0.73% 8500 12.00 12000 -29.2% 3.6% QGENF -100 72.50 6.00 9.02% -7250 69.82 -6982 -3.8% SUBTOT ______ ______ ______ ______ 225876 175284 28.9% 100.0% SHORT SALE CREDIT ______ ______ 6982 MARGIN MTCE. EQUITY 52.9% MIN 30% (106286) BUYING POWER $ ______ 13304 EQUITY ______ ______ ______ ______ 126572 100000 26.6% ^IXB INDEX 342.23 1.41 0.41% 302.42 13.2% NOTES: OPEN orders subject to available buying power--- Open buy order, min 50 shrs, max 154 shrs SEPR @ 38 or less Open buy order, 100 shrs INCY @ 43 or less Open sell order, 260 shrs GENZ @35 or higher 3/19/97 3718 QGENF 52 shrs sold short @ $71.50 share 3/18/97 9600 BGEN sold 200 @ $48, gain $2425, 38.5% 3/17/98 3264.00 QGENF 48 shrs sold short @ $68 share 3/10/98 -339.75 SEPR bought, 9 @ 38.75 3/9/98 -5086.125 SEPR bought, 137 @ 37.125 3/5/98 7739.38 GENZL sold, 1015@7.625, $7739.38,loss $2778.06, -26.4% 2/10/98 7750.00 AFFX sold, 250 @ 31.00, ($7750), profit $1308.75, 20.3%