Thursday, February 16, 2006

The first 10 days

Today the market broadly rebounded and System HAG sold it's holdings of Harmony Gold for a gain of 2.96% and bought nothing. Overall, the program has now made an average of .90% on 12 trades. Since each trade was for 25% of the portfolio, the program returned 2.7% overall during its first 10 days.

Here's to the staying on that pace.

Once thing that I'm thinking about: Google rebounded 7% today, and the program wasn't holding it. Unsurprisingly, yesterday was the first day that I started to think that I didn't want to hold Google as a trader. The ultimate point of this program is to buy all the speculative securities that no one wants to own at that specific time. More about this in the future....

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