Archive for the ‘Picks’ Category

5 Month ROI

Wednesday, February 4th, 2009

This is my past 5 months of returns. This excludes a £3000 withdrawal made on the 8th October thus everything from that date onwards should be £3000 more.

You can see when Lehman filed chapter 11 and a few weeks later when the markets rallied hard again. Oh I wish that could happen again. My stomach can only handle that kind of leverage once a year though!

Just looking for steady returns these days. £1000-2000 a month. The biggest challenge is ensuring my cash flow falls as little as possible when the markets are sinking. The DOW is down about 1000 points yet I am up. That puts me in a good position when we rally.

5 Months return on investment

5 Months return on investment

 

Currently holding:
1000 (LON:SOLA / NYSE:SOL (ADR) )
1 NDAQ100
400 NYSE:BAC
100 NASDAQ:CSCO
150 NASDAQ:INTC
500 NYSE:GE

Ditched BARC and RBS when they were in profit. Same for C and BAC. Bought BAC again though in this latest fall.

Heavier than i’d like on GE, but hoping it will pay off. It’s a risky one!

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Ambac (ABK) and MBIA (MBI)

Saturday, September 20th, 2008

ABK and MBI are two of the monoline bond insurers that got hit heavily hit in the credit crunch. They regained some ground in recent weeks which was surpising since nothing has really changed for them.

ABK was trading near $10. That may not sound a lot but when you put in 150% share dilution that is $25! It appears no one else in the market looked at this fundamental factor. They are probably all too busy drawing stupid lines and plotting worthless averages all over the graphs.

Well yesterday ABK and MBI were put on ratings reviews. Is this any surprise? Why would anyone suddenly think these companies were fixed and on the road to making profits anywhere near pre crisis levels?

As a result ABK has tumbled and MBI will probably go too. It’s a shame I couldn’t short ABK though, not because of the short ban but simply because it’s not a stock that I have been able to buy or sell since it got removed from the S&P 500. When it was up near the 10′s a week or so ago it just looked like a diamond opportunity. MBI is looking the same, but with a short selling ban on financials I will miss out again.

Maybe I should get off my ass and get an options account?

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