HAG: costly mistake
Uggh. XM satellite radio seriously hurt my returns once again. This time, a mid-day announcement was made by the company that they were scaling down expectations. The stock closed down over 11%. The worst part of this incident is that I should not have bought XMSR in the first place. I read one of the numbers wrong on the spreadsheet that would have disqualified it as a purchase. Unfortunately, mistakes like that are unavoidable because the current state of System HAG requires lots of calculations, by me, in a very limited amount of time. In the long run, I hope the mistakes all cancel each other out, but it's very frustrating when they seem skewed against me.
Today, RHAT (bought 2 days ago) and RFMD (bought today) were sold. XMSR is reluctantly held another day (morning margin calls ahead!). Today, the program buys MEMC and Akamai.
Completed trades:
RHAT: 1.39%
RFMD: 3.77%
Adding these trades to our totals:
82 trades
.478% average gain per trade
9.80% total theoretical gain since inception (2/7/06).
NASDAQ composite on 2/7/06: 2244.96
NASDAQ change since 2/7/06: 3.34%
Once again, the "total theoretical gain" assumes 25% of a portfolio was invested in each trading position. Half-sized positions assume only 12.5% was invested, and count as only 1/2 of a "completed trade". Buying power is limited to twice the value of the portfolio.

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