HAG Update: accounting backlog

I was on vacation for a few days in teh middle of this week, so I need to account for the open positions that System HAG held on Monday. There were no buys during this time.

The program sold its full-sized position in RMBS, as well as its half-sized postions in PMCS, BRCM, and AMD on Tuesday. All postitions were bought last Friday.

Completed trades:

RMBS (full-sized): 0.2%
PMCS (1/2-sized): 2.14% (1.07%)
BRCM (1/2-sized): .48% (.24%)
AMD (1/2-sized): 2.52% (1.26%)


Adding these trades to our totals:
121 trades
.2673% average gain per trade
8.09% total theoretical gain since inception (2/7/06).
NASDAQ composite on 2/7/06: 2244.96
NASDAQ change since 2/7/06: 6.54%

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.

HAG update: on the bad side

Markets staged a tremendous rally today as chip stocks rebounded on news that AMD was buying out ATYT. The problem is that System HAG owns AMD and not any of the companies that rallied in price. The program sells its position in Google, but maintains its full-sized position in RMBS, as well as its half-sized positions in PMCS, BRCM, and AMD.

Completed trade:

GOOG (full-sized): .99%


Adding this trade to our totals:
118.5 trades
.2783% average gain per trade
8.24% total theoretical gain since inception (2/7/06).
NASDAQ composite on 2/7/06: 2244.96
NASDAQ change since 2/7/06: 8.16%

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.

HAG update: chips

System HAG continues to buy into panic.

Earnings reports that came out today for computer and communication chipmakers were terrible. This news, combined with recent talk of an imminent slowdown in the economy and the options-pricing scandal, drove chip stocks to their lowest point in years. System HAG buys a full position in Rambus, and half-positions in BRCM, PMCS, and AMD. A full position in Google is held over from yesterday.

HAG Update

Markets gave back all of their gains from yesterday. HAG had no positions. Today, HAG buys Google at the close, which has just released earnings and is already down a few tenths of a percent

HAG: Flat

System HAG sold its remaining positions today: A full-sized position in Biogen from yesterday, a full-sized position in Biogen from Monday, and a half-sized position in JOYG from last Wednesday.

Completed trades:

BIIB (full-sized): 2.16%
BIIB (full-sized): .07%
JOYG (1/2 sized): 5.25% (2.625%)

Adding these trades to our totals:
117.5 trades
.2722% average gain per trade
8.00% total theoretical gain since inception (2/7/06).
NASDAQ composite on 2/7/06: 2244.96
NASDAQ change since 2/7/06: 7.31%

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.

System Z mid-Month 4: $9085.97; Differential falls to 10.77%

System Z has traded very heavily the last two weeks. Heavy losses were sustained in a position in NTAP, and there have been few profitable trades to offset this loss. The NASDAQ has now declined over 12% since the inception of trading, and the differential between the no-commissions return of system Z and the NASDAQ market has fallen to 10.77%, from its previous high of 13.15% July 7th.

System Z account value: $9085.97
commissions paid: $725
maximum commissions should be: $290
which means I overpaid at least: $435
minimum account value corrected for obscene commissions: $9520.97
account value if no commissions: $9810.97

System Z actual return since 4/7: -9.14%
System Z corrected return since 4/7: -4.79%
System Z no-commission return since 4/7: -1.89%

Nasdaq on 4/7: 2339.02
Nasdaq return since 4/7: -12.66%

Difference between no-commission return and NASDAQ return since 4/7: 10.77%

Refer to post from 4/19 for explanation of "corrected return". Returns for a larger fund would fall somewhere between the "corrected" return and the "no-commission" return.

HAG Update: Earnings season begins

For the third straight day, markets were mostly flat. System HAG has now unwound most of it's positions ahead of earnings season for tech stocks.

Today, the program sells its full-sized position in NTAP from last Tuesday, and half-sized positions in AMKR from Thursday and in SNDK, BWNG, RIMM, and CELG from Friday. Today, the program buys a full-sized position in Biogen, and continues to hold a full-sized position in Biogen from yesterday, as well as a half-sized position in JOYG from last Wednesday.

Completed trades:

NTAP (full-sized): 8.46%
AMKR (1/2 sized): 5.64% (2.82%)
SNDK (1/2 sized): .48% (.24%)
BWNG (1/2 sized): 1.15% (.575%)
RIMM (1/2 sized): 2.59% (1.295%)
CELG (1/2 sized): .2% (.1%)


Adding these trades to our totals:
115 trades
.2816% average gain per trade
8.10% total theoretical gain since inception (2/7/06).
NASDAQ composite on 2/7/06: 2244.96
NASDAQ change since 2/7/06: 8.96%

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.

HAG Update

Today, System HAG realized some of the losses it incurred during last weeks selloff. Though the market was flat today, these losses were mitigated by today's gains in stocks purchased last Friday.

Today, the program sold a half-sized position in NTAP that it bought last Monday, a full-sized position in CSCO that it bought last Tuesday, a half-sized position in EMC from Wednesday, half-sized positions in BWNG and SNDK from Thursday, and half-sized positions in AAPL and AMZN from Friday.

The program holds a full-sized position in NTAP from Tuesday and half-sized positions in JOYG from Wednesday, AMKR from Thursday, and in SNDK, BWNG, RIMM, and CELG from Friday. Today, the program buys a full-sized position in Biogen.

Completed trades:

NTAP (1/2 sized): 13.92% (6.96%)
CSCO (full-sized): 3.85%
EMC (1/2 sized): 0.0% (0.0%)
BWNG (1/2 sized): 2.90% (1.45%)
SNDK (1/2 sized): 4.52% (2.26%)
AAPL (1/2 sized): 3.36% (1.68%)
AMZN (1/2 sized): 2.28% (1.14%)

Adding these trades to our totals:
111.5 trades
.3718% average gain per trade
10.36% total theoretical gain since inception (2/7/06).
NASDAQ composite on 2/7/06: 2244.96
NASDAQ change since 2/7/06: 9.22%

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.

System HAG: Poor performance

As the market continued its month-long sell off last week, System HAG bought many positions that failed to perform well. Losses of the week were significant, and the program is forced to sell many of its positions that failed to rebound.

On Friday, the program sells its half-sized position in PMCS that it bought Monday, half-sized postions in AKAM, CSCO, and BEAS that it bought Wednesday, and half-sized positions in TIE and ET that it bought on Thursday. The program still holds a half-sized position in NTAP from last Monday, full-sized positions in NTAP and CSCO from Tuesday, half-sized positions in EMC and JOYG from Wednesday, and half-sized positions in BWNG, AMKR, and SNDK from Thursday. On Friday, the program buys half-sized positions in AAPL, SNDK, BWNG, AMZN, RIMM, and CELG.

Completed trades:

PMCS (1/2 sized): 4.47% (2.235%)
CSCO (1/2-sized): 1.75% (.875%)
AKAM (1/2 sized): 3.80% (1.9%)
BEAS (1/2 sized): 1.55% (.775%)
TIE (1/2 sized): .95% (.475%)
ET (1/2 sized): 1.13% (.565)

Adding these trades to our totals:
107.5 trades
.4945% average gain per trade
13.29% total theoretical gain since inception (2/7/06).
NASDAQ composite on 2/7/06: 2244.96
NASDAQ change since 2/7/06: 9.22%

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.

HAG Update: Fully leveraged

Markets continued their selloff today as rising gas prices and mideast conflicts raised fears of inflationary pressures.

Today, System HAG sells half of the full-sized positions it bought three days ago in PMC Sierra and Network Appliance. It also sells a half-sized position it bought yesterday in Citrix. The program buys 5 half-sized positions to make it fully leveraged. It buys Broadwing, Etrade, Amkor, Titanium Metals, and Sandisk. It continues to hold 5 half-sized positions from yesterday in Akamai, Cisco, EMC, BEA Systems, and Joy Global. Additionally, the program is holding full-sized positions it bought two days ago in Cisco and Network Appliance, as well as the remaining half-sized positions from 3 days ago in PMC Sierra and Network Appliance. In all, the program holds 12 half-sized positions and 2 full positions.

Completed trades:

NTAP (1/2 sized): 11.22% (5.61%)
PMCS (1/2 sized): 6.50% (3.25%)
CTXS (1/2 sized): 1.04% (.52%)

Adding these trades to our totals:
104.5 trades
.5177% average gain per trade
13.53% total theoretical gain since inception (2/7/06).
NASDAQ composite on 2/7/06: 2244.96
NASDAQ change since 2/7/06: 8.47%

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.

HAG update: Big Losses

Markets sold off significantly today on expectations of an economic slowdown and fears of poor earnings. I think a great buying opportunity for the general technology market has been created.

Today, System HAG sold it's position in Corning, which it bought 2 days ago. Additionally, we've yet to account for the trades System HAG made yesterday: it sold Sandisk after holding for 2 days and Citrix after holding for 1 day. In all, there are 3 completed trades.

Today, System HAG bought 6 half-positions in Akamai, Cisco, EMC, Citrix, BEA Systems, and Joy Global. Additionally, the progream is holding full-sized positions it bought yesterday in Cisco and Network Appliance, as well as full-sized positions from 2 days ago in PMC Sierra and Network Appliance.

Completed trades:

GLW: 1.00%
CTXS: 1.57%
SNDK: 3.69%

Adding these trades to our totals:
103 trades
.6062% average gain per trade
15.61% total theoretical gain since inception (2/7/06).
NASDAQ composite on 2/7/06: 2244.96
NASDAQ change since 2/7/06: 6.86%

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.

HAG update

Today, HAG sold its position in Sandisk, which it bought two days ago, as well as its position in Citrix. Network Appliance, PMC Sierra, and Corning were held until tomorrow. Today, the program bought Cisco, as well as a second lot of Network Appliance.

HAG Update: Late post

Fears of a slowdown in semiconductor demand have created the first major buying opportunities for System HAG in a few weeks. Yesterday, the program bought Network Appliance, PMC Sierra, Corning, and Citrix Systems.

System Z end Month 3: $9,846.58; differential over 13%!

Over the last three weeks, System Z has made very few trades as market volatility slipped from its highs asnd markets became much less emotional. I do not expect this condition to continue. After three months of trading, the differeential between the no-commissions return of system Z and the NASDAQ market stands at 13.15%. A tremendous achievement for the first three months of trading an all-long program.

System Z account value: $9,846.38
commissions paid: $575
maximum commissions should be: $230
which means I overpaid at least: $345
minimum account value corrected for obscene commissions: $10,191.38
account value if no commissions: $10,421.38

System Z actual return since 4/7: -1.53%
System Z corrected return since 4/7: 1.91%
System Z no-commission return since 4/7: 4.21%

Nasdaq on 4/7: 2339.02
Nasdaq return since 4/7: 8.94%

Difference between no-commission return and NASDAQ return since 4/7: 13.15%

Refer to post from 4/19 for explanation of "corrected return". Returns for a larger fund would fall somewhere between the "corrected" return and the "no-commission" return.

HAG Update

System HAG buys SNDK