PORTFOLIO UPDATE MARCH 7:
The Internuts are leading the way back now – portfolio is up 11% YTD. Dumped SE and BEARX, sold half my VRIO on the runup and picked up MICCF in the telcoms sector. Added CMGI March 160 calls to play through earnings on 3/11.
Core holdings: BRKB, WCOM, CMGI, XLY: 41%.
Mutual Funds: SCGEX: 6%.
50% Gains Candidates: FLYR, FOX, PROG, CPU, FRNT, NETS, VRIO, MICCF, MXTR, MFNX, FNDTF, RNWK, EPAY, CMIV, WIZTF: 50%.
Tradin' Trash: NRAG, JADWF, MFCO: 3.5%.
Options: HMK Sept 16.6 calls, OMPT May 5 puts, CMGI March 160 calls: 1.5%.
Current shorts: IMON, ENMD, ZONA, PRBZ, GBUR, ICCSA. Equals 20% of portfolio value long.
Winners (ranked from largest % gains): RNWK, WCOM, VRIO, CMGI, MFNX, EPAY, BRKB, WIZTF, FNDTF, XLY, FOX
Break-even: MFCO, MICCF
Losers (ranked from largest % loss): NRAG, JADWF, CPU, MXTR, FLYR, NETS, CMIV, PROG, FRNT, SCGEX
SECTORS:
Internet Services: CMGI, RNWK, VRIO (18.5%)
Communications: WCOM, MFNX, MICCF (17.5%)
Financial/Insurance: BRKB (16.5%)
Software: FNDTF, WIZTF, EPAY (9%)
Hardware: CMIV, MXTR, MFCO (8.5%)
Internet Retailers: PROG, NETS, CPU, JADWF (8%)
Cyclicals/Transportation: XLY (6.5%)
Mutual Funds: SCGEX (Europe) (6%)
Travel: FLYR, FRNT (5.5%)
Broadcasting: FOX (3%)
Gaming: NRAG (2.5%)
|
