quote:

Originally posted by spdandpwr I am almost compliant....however I have an issue with one of the rules: Half your portfolio must be made up of stocks of 10% (or less) of your portfolio assets. what does that mean?

It means you have to diversify (much like real mutual funds). Of your 100% total portfolio, in half of it (50% of it), no position can account for greater than 10% of the total fund. Put another way, you can do whatever you want with 50% of your portfolio (put it all in one stock), but with the other 50%, you can't have a position that is greater than 10% of your total. Therefore, if you really wanted to, you could have 1 position account for up to 60% of your total assets, which is really not diversified at all, rather would be highly concentrated.

Anyway, I'm pretty sure that's the correct interpretation. Real diversified mutual funds typically have that rule applying to ~75% of their assets (again, I'm pretty sure that's correct).

Hope that helps.

I've had bad days recently. HLTH reached my stop loss of -10%, so I sold it.

In my real portfolio, SUN fell more than 5% a couple days after I bought it, so I sold all 6 shares. The company is good fundamentally, but the time is not right to buy. Charts for SUN indicate a turn into a downtrend. Depending on the time period, when the price dips below the Moving Average, it'll be obvious SUN's trend.

___________________

I took a BEATING today, as I'm sure most people did. Multiple declines beyond 2%. Tomorrow I sell at least 5 positions. Fundamentals lack.

According to my contrarian strategy, these stocks are at lows but remain fundamentally sound.

SUN
ADY
DHIL
HCC
GS
EGY
TGA
ORCL
UPL
CT

This list is taken from my watchlist of stocks I have valued and researched to make sure the fundamentals back up my valuations. These stocks are fundamentally superior to the industry and market averages. My valuations indicate that each of these stocks is at least 10% undervalued, meaning I think these stocks are worth way more than they are trading right now.

___________________

quote:

Originally posted by Krypton I took a BEATING today, as I'm sure most people did.

My money disappeared. Was there an external factor in this that I am unaware of that sent everything down?

___________________
Светопресавление
your pearl casting hero

Haven't been playing Marketocracy for a few days. But I've taken a beating as well. My NAV was up to 10.09, last I checked. Now I'm at 9.77. Shit.

___________________

Download and review ! Omega_M - In the Mix (Beta Version)

Originally posted by twilightki : It feels like something you'd listen to at 4 in the morning, or listen to in your car while you're going in a tunnel.

quote:

Originally posted by Subey My money disappeared. Was there an external factor in this that I am unaware of that sent everything down?

Housing's looking really grim, the US$ is slidding.

I'm expecting housing to continue it's decline through the fall, along with associated others.

I think that's what's holding me back indirectly. I've got Goldman + Saches (sp?) in my fund and it's my #1 looser. Anyone who's got potential exposure to sub-prime is getting raked over the coals.

I sold 50% of my portfolio outright.

BJS, MSN, SM, DTV, UBS

I then bought 5 stocks from my watchlist that looked undervalued. That little clean-up should stop my losses and get me back to $11NAV.

Everyone was down. On Tuesday, the DOw lost over 200 points. It happens. Just as long as we all have our limits set, down days shouldn't bother you. To me, those are the days when the stock market goes on sale.

___________________

You're all getting clocked today. Unless you own a lot of AAPL.

Oh man!

I only have one positive pick right now ... dirty dirty Haliburton

Jesus! I went from positive returns +$30,000 to losing almost $20,000...wow the stock market isn't being very fun...not to mention that even stocks that shouldn't be affected by the subprime fiasco are declining...

___________________

I'm only down 3% for the day woohoo!

___________________
Светопресавление
your pearl casting hero

Unfortunately this POS has a lot further to fall guys. Look at the big picture...We have a 9 trillion dollar debt, the dollar hitting record lows, endless chaos in the middle east, high interest rates and record household debt at home, a negative savings rate, and a mortgage industry collapse...

WHY THE FUDGE would you be long the market now? Short that puppy!

a little recommended reading..

Last edited by Capitalizt on Jul-27-2007 at 02:18