I made a few changes to the model portfolio this week and last. As I previously discussed, the portfolio is split into short-term trades and long-term investments. The long-term investments are the all companies that I own in my actual portfolio: [GMXR, NCI, and NRG]. The trades have been moved in the last week. I sold BAC and GNK.
I didn't accurately call the bottom in GNK, and sold at an 8.2% loss. This was a relatively small position, and the weighted drag on the portfolio was less than 1%.
I took profits on BAC after fourth quarter results showed continued problems with Countrywide's mortgages. I sold at a 19.2% profit, or a weighted 4% gain for the overall portfolio. That left me with around $85,000 of long-term positions, and $45,000 in cash. (The original value of the portfolio was $100,000.) I used some of that cash to buy 1,000 shares of TRLG yesterday. I have been looking to buy for a while, and the stars aligned on this purchase. I still have $23,254.98 in cash.
Here are the current holdings:
$23,254.98 -- Cash
$20,890.00 -- TRLG -- 1,000 Shares
$14,354.80 -- NRG -- 680 Shares
$42,800.00 -- GMXR -- 8,000 Shares
$30,870.00 -- NCI -- 3,000 Shares
Total Value: $132,169.78