Mid Day update SOLD DO-(Diamond Offshore)@94.70 (1/2) HAL-(Halliburton)@78.65 (1/2) TS-(Tenaris)@208.10 NMKT-(New Market)@.66 CENX-(Century Alluminum)@48.01 KRY-@5.55 (1/2) BOUGHT CUP-( PERU COPPER)@2.31 FMD- (First Marblehead)@45.04 N-(Inco)@52.90 XSNX-@1.74 CSTR-@28.12 NOIZ-@21.49 CWTD-@1.43 XING-@8.99 CMED-@27.31 RAD-@3.92
Just came back into the condo for a little lunch.... I'm Loving this....1st I thought I was going to get crushed today...I am due for a sell off....Been checking some charts and I'm just loving the bounce on MGNU (+9%) today....Thats like a 15% two day move on one that was falling like a rock.... Gotta thank Cramer again for KRY it's up 27% I have been mad I sold FIZ a couple of day's before he previewed it on his show...I still made 20%....So I'm not that mad.. I went to some speculative stocks (CWTD, XSNX---some old favorites) this morning and sold some giant's like HAL and TS....I won't be out of them for long... TGB (Copper and Moly Play has been on a tear) up another 10% today Apple (6.5%) doing it also again today and BID (Sotheby's Holding) is up a nice (6%) Only 9 stocks lower than -3% -----UIC (-5.1%) RMIX (-5.2%) SHOE (-5.4%) worst three performers today, but I got small positions in these and about 35 up more than 3%....I think I can go back and continue to ski on this beautiful day.... GL and HF trading $COSTAverageMAN
Not sure I understand this correctly - are you referring to your mutual funds which are reporting their quarterly holdings, or to the companies that are reporting their quarterly financial results ? Why would this be easy money ? You do not have foresight what the holdings or the results will be ? Thanks, Oliver
Oliver There is a certain Mutual fund company that I follow that is extremely good.....Every week I scan through who is reporting and if company A is reporting this week and one of the top holders of that company A is my Favorite mutual fund than I can usually (73%) of the time for that company to actually go up the day of the announcement.....For more than two years I have been compiling data on this fund and traking thier holdings.... My research has resulted in 73% of the time companies that they own go up the day they report.....But I can't tell you or anyone about the name of the FUND.....I have never owned this companies mutual fund You are right I will not be able to tell if they sold thier position in the stock before the report, but I have come to learn that these guys are in companies for the long run so the most relevant data I have is Dec 2005 holding's the last time they had to report... Excel will be ready shortly. $COSTAverageMAN
This seems odd, unless they hold a lot of less popular stocks and they are just excellent stock pickers, otherwise I couldn't figure a reason for a correlation, especially since many times stocks run up ahead of earnings then sell-off on the news. By the way you can get much more timely holdings data on Bloomberg.
The positions they are in are not very popular at all..I would say a novice trader investor would probably know one out of every 30 positions they are in.....Actually I had alot of trouble placing the bets in 2005 when I was doing this almost every day during earnings season....I know I don't get it either, but they must really know how to pick them over there...Good researches and Fundamental folks running their funds.... Anyways to the Performance today..... 2006 Porrtfolio Performance-(62.66%) Todays ADV-139 Todays DEC-117 Todays UNCH-2 59.8% International 30.8% Domestic 9.36% GOLD/SILVER/MINERS Portfolio Increase (+0.61%)---Outperforming Daily Today was one of those days where My heavily wieghted stocks performed quite well for a flat day and having almost 10% in miners and 9% in Petroleum surely helped....CUP and KRY helped nicely...Thanks CRAMER!!! Nice little 8% move today was made with an Large Cap Australian CEMENT company RIN.... KRY (GOLD/ Miner) They recently got rights for a project to start in South America-----is up 50% since March 27 when I entered.. TGB (Copper/ Moly/ Miner) South American Mines is up 61% since March 8th.... Building Products have really been on performing well since the last week of Q1....EXP (Cement), AMN (Building), MLM (Cement) $COSTAverageMAN
grats on breaking 11MM EDIT: I did have a question.. have you looked into if any of your holdings are correlated price movement wise, or how the correlation spread ends up between them, as a more accurate measure of diversification?
I have run portfolio optimization models through excel back in 2005, but unfortunately excel can only handle a 64 by 64 matrix...I need a better program for optimization....I believe correlation models would be quite helpful and I do know all about them and would be interested to know more about this new portfolio I have built for Q2 to see how it looks. I am still on vacation and getting data on 250 stocks takes time....Would you recommend using 3 months, 6 months, 1 year, 2 year, or 5 year data....I would hate to do this multiple times... $COSTAverageMAN
OOPs correction on EXCEL SHEET!!!! Not a big deal just somewhere along the line a formula got out of place and portfolio value was 60,000 less than the market value of all equity + plus cash position......OH yea BTW I have not been accounting for dividends in my CASH account on EXCEL and they have been flooding in....TAXES are do and this vacation is getting up there..
Forgot to post it...Hey STAR----My good friend and I have been polishing the bottle all week...HEHE....Scotch # 5 just got poured