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Dog of times
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I'm trying to stay retired.
  • FEBRUARY 9TH. SEMI PROFIT TAKING NOW 0 comments
    Mar 19, 2010 4:26 PM | about stocks: AMD, BWEN, EXXI, LPL, SSLT, STP, PAL, PCP, YGE, VXX
    Comfort level and gut feelings always have to be balanced with market fundamentals and chart patterns. The rational for a particular exit/profit taking binge and a vix, (NYSEARCA:VXX) hedge cover, is more guts, than charts or fundamentals. It’s always nice to take in some cash. So here is an update.
     
    Feb. 9th
    DJI:   10,040
    SPX: 1065
                            COST             3/6                   3/19
    BASE                 MONTHLY
                            UPDATE
    AMD:             $7.52               $8.61               $9.17            +$165
    BWEN:            $5.15               $5.24               $5.15            0
    EXXI:             $18.51             $20.75
    LPL:                 $16.40             $16.16
    SLT:                 $16.20             $18.01
    STP:                 $13.02             $14.86             $14.22            +120
    PAL:                $3.70               $4.42               $4.08            +120
    TIE:                  $11.25             $13.74
    YGE:                $12.85             $12.88
    VXX                $22.19
                            $11,200            $12,351          $3679            +$405
    PROFIT/LOSS(-costs)            $1,151                         +$341
    PERCENT GAIN             10.3%             9.27%
    ANNUALIZED GAIN            123.3%         82.4%
     
    Oh what a difference a few days make. This is obviously a tech/alt. energy weighted portfolio. And not an ETF or index matched selection. Maybe next time I should be less aggressive and more conservative as one dud, (NASDAQ:BWEN) can change the outcome dramatically. Also, because of market movement the portfolio was worth more on March 6th. than on March 19th. Time decay and solar’s lack of participation in the rally since the 9th. really affected the gains. I am still holding: EXXI, LPL, SLT, TIE and YGE. But have hedged this with a 100 shares of VXX, an ETF proxy for the VIX. This could limit my upside profits but will also protect the remaining 5 stock positions against any down side crash.
     
    So, I am long but getting bearish and would sell the other 5 positions on any other weakness or if time decay signals more selling is necessary.

    Disclosure: EXXI,LPL,SLT,TIE,YGE,VXX
    Stocks: AMD, BWEN, EXXI, LPL, SSLT, STP, PAL, PCP, YGE, VXX
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    Jun 11, 2010
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