New Format

I have been very busy and haven't posted in a couple of weeks. I have given commentary and did some research previously.

I am going to change the format a little.........

In looking at what other people like to read and to make it more valuable to the reader I am going to follow a portfolio. I am still going to give commentary from time to time. I hope you enjoy.

The portfolio that I am following will be a fantasy portfolio and will not reflect any of the holdings that I have. The portfolio is going to start with $100,000 and will be traded. Some margin will be used. Other than an occasional covered call no other option trades will be made. I could do something grandiose and make a goal of turning this into one million dollars.......While that is fun to try, I think that would be unrealistic. The goal is to produce double digit yearly returns. I will give rational when trades are made. All option trading education and trades will be moved to another blog which I will have going next week. I will post the link at that time.

Beginning portfolio:

GOOG 100 shares long @ $471.80....................................$47,180.00 cost
DIVX 500 shares long @ $22.85........................................$11,425.00 cost
CROX 200 shares long @ $39.00......................................$7,800.00 cost
XLE 500 shares long @ $56.60.........................................$28,300.00 cost
COP 300 shares long @ $60.97.........................................$18,291.00 cost
YHOO 500 shares long @ $26.28.....................................$13,140.00 cost
YHQAY sell 5 contracts YHOO Jan (07) 27.50 calls......($625.00) proceeds
IACI 200 shares long @ $31.76..........................................$6,352.00 cost

Subtotal......................................................$131, 863.00
Commission................................................$85.00
Total............................................................$131,948.00
Margin.........................................................$31,948.00
Target................Short 1000 shares RIMM @$121.00

All prices are closing day prices Friday. All trades will be made with the closing price the day the trade is made unless a target is given. As in the RIMM target, I will short 1000 shares of RIMM in this portfolio if it reaches a target price of $121.00.

I hope everybody enjoys this new format and I look forward to see how this portfolio grows.

Good luck investors

Disclosure: I am not currently long or short any of the shares aforementioned.

Note to all readers:

This post and all other posts in this blog are for entertainment purposes only. All of the stocks listed are very highly speculative, and the portfolio is not diversified and could produce severe losses if you were to invest in these stocks. None of these stocks represent a recommendation in any way. As an individual investor, you have to assume your own risk. Prior performance is no guarantee of future returns.