Well, so far our 5,000 dollar portfolio is off to a great start after less than one week of trading. Here is what we have in detail:
Stocks:
1. WCI - Ichan came through on this one. The stock which we bought 622.25 shares of at $1.51 has jumped all the way up to 3.00 dollars even. This stock as profited almost 100% or 927.15 dollars for the fund.
2. OCNW - The "Newhope Network" came through for us on this one. The stock went from 3.02 to 3.93 this past week and netted a gain of 301.32 dollars for the fund.
3. ABK: Had 197.5 shares, stock did fall initially down to 4.50 but has recently went up to 6.10(from our price of 5.11). We have netted a gain of 195.52 dollars.
4. ICE - Had 7.7 shares worth 130.02 dollars a peice. Current stock price is 138.60. So we have netted a gain of 66.07 dollars.
Options;
1. WCI - Share price was 10 cents or 10 dollar for a contract(100 shares = 1 contract). With the stock doubling in price the option is now worth 80 cents per share or 80 dollars per contract. We own 50 contracts which were worth a total of 500 dollars but that are now worth 4,000 dollars.
2. EJ - This option has gone the other way for us. We own 12 contracts(1200 shares) at 40 cents a pop for a value of 480 dollars. EJ dropped 7% on us since we bought in and now the calls are worth only 25 cents a pop so we are down 180 dollars on these sets of options(300 dollar net value).
Totals:
Stocks: 5,490.06 dollars. Up 37.2515%
Options: 4,300 dollars. Up 438.7755%
Cash holding: 8 dollars.
Net Worth: 9798.06 dollars. Up 95.9612%
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6 comments:
You think WCI is done going up, any reasons?
I still believe in WCI but I don't think its the best play out thereright now. This market is a 1000 points away from bottom and housing is not coming back till 4Q 2008.
I like ICE as well. I am in at 134 for 130 shares, got a put option at strike price 125 as well.
do you have any take on the big tech guys that are so far down?
do you invest real money(like a real investor) or do u just say what uw ould do
I have a real portfolio I run for myself. The stakes are much larger but the principles used are the same.
What is Big tech? I will post about what i think they will do here on earnings later
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