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Chris Lau
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  • Q1 2014 Performance Review 0 comments
    Apr 10, 2014 9:10 PM | about stocks: AMD

    To measure investment calls more accurately, positions added and removed throughout the quarter were recorded on Kapitall (off topic: which just made a major redesign today). The practice portfolio, which mirrors some of the real-world trades, peaked with a total return of 47.4%:

    (click to enlarge)

    The six-month performance looks much better, since it outperformed the S&P 500.

    (click to enlarge)

    6 Month return ~ 17%

    Q1 2014 Return: ~7%

    Chart as at April 10 2014

    With the Nasdaq dropping 129.79 (3.10%) on April 10, 2014 and the S&P 500 dropping 39.10 points (2.09%), this portfolio might finally start to outperform the index.

    The allocation in (NASDAQ:AMD) continues to fluctuate. The chip maker is likely range-bound in the short term, but the intention is to build a large position throughout 2014. Closing below $4, AMD should be valued at much higher prices as profitability improves. The top three positions in this portfolio are:

    1. Bombardier (OTCPK:BDRAF)
    2. SeaDrill (NYSE:SDRL)
    3. BlackBerry (NASDAQ:BBRY)

    Note: $66,000 / $144,425 available in the Kapitall portfolio is in cash.

    Companies viewed as having value include: Nuance (NASDAQ:NUAN) and Arena Pharma (NASDAQ:ARNA).

    Position in Kindred (NASDAQ:KIN) and (NASDAQ:ADHD) might increase in the current quarter.

    Disclosure: I am long AMD, SDRL.

    Themes: SDRL, ADHD, ARNA Stocks: AMD
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