Monday, November 13, 2006

HAG: not buying

Today, HUM was sold and WON was held.

ITG and CNE were designated as buys by the quantitative program, but I had a hard time identifying the "obvious anxiety" behind the decline. ITG seemed to announce poor earnings last week, but I have no idea why the price decline became more dramatic a few days later. CNE declined because of an accounting law change in Canada. Continued declines are probably based around the fear of hedge fund defaults and margin calls, but I'm not positive. The anxiety is tangible, but not obvious. Neither stock is bought

Completed trade:

HUM: 1.95%


Adding this trade to our totals:
166 trades
.3385% average gain per trade
14.13% total theoretical gain since inception (2/7/06).
NASDAQ composite on 2/7/06: 2244.96
NASDAQ change since 2/7/06: 7.21%

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.

0 Comments:

Post a Comment

<< Home