Saturday, November 17, 2012

Trading Portfolio Update 11/16/12

Never say coulda, shoulda, woulda is something my old football coach always said. A few weeks ago, I had debated taking back the principal in the coal stocks following their 40% run, and now those words are echoing loudly. As those stocks pulled backed, the performance of the long trading portfolio has suffered. That said, I stand by my decision, as I remain bullish on the turnaround prospects for the group and I simply cannot reconcile this with the philosophy behind the trading portfolios, namely to track the performance of any trading calls.

In any event, the long trading portfolio remains in positive territory since inception and is ahead of the market. The long trading portfolio finished the week at a value of $10.26 per share according to Marketocracy, a 5% decline versus the previous week as the coal stocks pulled back.



graph of fund vs. market indexes

This compares to the 1.45% loss on the S&P 500 over the same time period. Since inception however, the portfolio's performance remains above that of the S&P 500 gaining 2.6% versus a 5.7% loss, respectively.

The short trading portfolio, in contrast, performed significantly better on the week, gaining 1.5%.

graph of fund vs. market indexes

The portfolio remains exposed to the MORT Reit index, gold, oil, and the Financial sector Spider. Lastly, Express Scripts, which is a fairly new addition, has gained more than 4% since being sold short in the portfolio. The public profile on Marketocracy can be found here.


No comments:

Post a Comment