I am going to try to keep to a shorter update but given my track record with brevity we will see how that pans out. The reason I want to keep it brief is that I am attempting to write a Visual Basic program this weekend that will allow me to paste my transactions into an excel spreadsheet and automatically spit out a list of the closed positions, the open positions, and the relevant transaction parameters. I want a better solution than a snapshot of the RBC Practice Account portfolio holdings page; I have no ability to come up with graphs and charts of performance with my current snipit method, the practice account summary has a bug that screws up the book value and gain/loss numbers every time you make a partial sale of a position, which is a real pain, and I want to be able to post a consolidated list of all my closed positions along with their gain and loss, something that is not possible from the practice account (my current method, which has been to post every one of my updates on my portfolio page, is getting to be a little too long).
On the Cliff
The market was a real yo-yo over the last couple weeks but I didn’t really panic much. I have been known to do violent purges in the midst of chaos, but not this time. I was pretty confident that something would get done, either at the deadline or as a result of the steep fall that would occur after it was passed. As it was, things turned out just about in-line with my expectations. Read more
(Note that I am now posting my portfolio composition and list of trades at the end of the post)
I didn’t get around to writing an update last week because I was busy with other research that could not wait. So its been 3 weeks since I updated my portfolio and transactions and quite a bit has happened over that time.
Over time my portfolio has slowly morphed into a vehicle for playing the housing recovery. I had large moves to the upside in a number of my housing related positions, with the most pronounced being of course Impac Mortgage (IMH), but also from Radian Group (RDN), MGIC (MTG) and a number of my regional banks with strong mortgage banking operations. Its been a good 3 weeks.
In this post I want to talk about some of the changes I’ve made over the last 3 weeks. To summarize:
- I sold out of all my gold stocks other then Atna Resources (ATN)
- I made a brief foray into, and then out of, US E&P’s
- I am out of JC Penney (JCP)… for now
- I am into Avenex Energy (AVF) and a homebuilder (HOV)
I will address each of these in order, followed by a brief discussion of what to expect from Nam Tai, which reports earning on Monday and of which I want to be clear of my expectations and actions. But first I want to talk generally for a moment.
I’m finding that I am using twitter quite a bit to post what I am doing on a more regular basis. Whenever I find a relevant article, or if I start to buy a new stock, I try to put a post up on twitter. I have also found a number of folks on there that have been useful to follow. Its a useful tool, and has the advantage over the traditional message board format in that you follow a person rather than a subject. So you aren’t wading through garbage to find nuggets. You can follow me @LSigurd. Read more