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I complained ZNGA's Mkt Cap was 2x EA. Since FB IPO, ZNGA lost half and is worth the value of EA. TTWO THQI http://yhoo.it/JVw0ji;range=1m;compare=znga+ttwo+thqi;indicator=volume;charttype=area;crosshair=on;ohlcvalues=0;logscale=off;source=undefined;
about 4 hours ago
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What happened to First Solar FSLR (via technologyreview) http://bit.ly/LjbMPg TSL LDK
1 day ago
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Contrarian indicator suggests FB is a sell/avoid http://bit.ly/LaHHhm --suggest target price 28-32 this week. Options avail may29
5 days ago
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Todd Johnson on A Letter On Q1 2012 Performance Hi Chris, great info as always. Thanks dude. $H...
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- A Letter On Q1 2012 Performance (1 Comment)
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Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.
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Comments On A 907.3% Return
Investors should define a thesis and an approach in financial markets. A plan should be created. That plan should be tested. SimiTrade, which is just a few months old, is becoming a favorite place to track stock picks that were written and analyzed on seeking alpha. Users are highly encouraged to interact with other members in the system to share and to agree (or argue) ideas. Here are the results:
(click to enlarge)
The realized 907.3% practice return on 83% correct picks excludes the unrealized -394% (loss).
Self-Praise
One of the best picks for the month was a short on Nokia (NOK) prior to its warning, for a 27% gain. The 'sell' call on Zynga (ZNGA) generated 25% returns. The long call on Bank of America (BAC) proved timely.
Lessons Learned:
Clearwire (CLWR) failed to hold its value as a long call. After warnings from SanDisk (SNDK) and a sell-off on OCZ Technology (OCZ), Micron (MU) also generated substantial losses.
Stock Picker's Guide: Too Good To Be True (Annualized: 532.7% 83% Correct)
A few months ago, SimiTrade's CEO sent me a message to try out his site, so I signed up. SimiTrade is a chatter site for stocks. It is similar to Seeking Alpha's STOCKTALK.
The site will eventually cater to providing content and research for members. At last check, there were 1000 users.
Below is a summary on the current performance:
(click to enlarge)
The top closed picks were:
Some of the worst open picks are:
To sign up for free on SimiTrade or to view this account visit here: http://www.simitrade.com/users/chrispycrunch
A Letter On Q1 2012 Performance
Breitburn (BBEP) was sold out completely. This position was a copy from Seth Klarman's buy. Klarman sold out by December 31 2011.
Pimco's Total Return ETF was a new position (TRXT). The weighting on HP was increased. Again, HP is a Baupost long thesis.
Holdings:
Company
Last
Shares
Change
Value
BP PLC
$46.83
136
$343.98
$6,368.88
(BP)
5.70%
CLIFFS NATURAL RESOURCES INC
$72.03
130
$345.00
$9,363.90
(CLF)
3.80%
ELECTRONIC ARTS INC
$17.46
530
($3.35)
$9,253.80
(EA)
0.00%
GILEAD SCIENCES INC
$46.73
201
$68.21
$9,392.73
(GILD)
0.70%
HALLIBURTON CO
$34.54
100
$22.05
$3,454.00
(HAL)
0.60%
HEWLETT PACKARD CO
$24.49
350
$60.10
$8,571.50
(HPQ)
0.70%
TOTAL RETURN (TRXT)
$100.81
300
$137.02
$30,242.97
(TRXT)
0.50%
SEADRILL LTD
$38.78
5
$19.85
$193.90
(SDRL)
11.40%
THERAVANCE INC
$18.75
250
$325.05
$4,687.50
(THRX)
7.50%
References:
Kapitall.com on Seeking Alpha
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Disclosure: I am long EA.