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.