We sold our ValueClick (VCLK) holdings Friday at $28.28. We were fortunate to rake in a short-term profit of over 45% in exactly one month. Our entry into ValueClick was right before the takeover speculation started and coincidentally it was also the time the market turned for the better.
The list of stock sales during the year and the gain/losses are listed below:
| Stock | Buy Date | Buy Price | Sell Date | Sell Price | % Gain (Loss) | % Portfolio Return* |
| Harrah’s (HET) | 10/2/2006 | 75.61 | 8/7/2007 | 83.68 | 10.66 | 0.62 |
| St. Joe (JOE) | 8/7/2007 | 39.4 | 8/8/2007 | 41.8 | 6.23 | 0.47 |
| Google (GOOG) | 3/14/2007 | 441 | 8/10/2007 | 515.99 | 16.86 | 1.14 |
| LOCM (LOCM) | 8/10/2007 | 5.47 | 9/17/2007 | 6.094 | 11.31 | 0.71 |
| PetroChina (PTR) | 9/12/2006 | 106 | 10/1/2007 | 188.5 | 78.14 | 2.85 |
| PetroChina (PTR) | 9/12/2006 | 106 | 10/3/2007 | 178.05 | 68.39 | 2.22 |
| ValueClick (VCLK) | 9/12/2007 | 19.4 | 10/12/2007 | 28.28 | 45.79 | 3.4 |
| Realized Gain/(Loss) YTD | - | - | - | - | - | 11.41 |
- *% Gain/Loss Relative to Portfolio Value at Beginning of Year + Deposits
While it is true that we did come ahead, there was another way to bell the cat - write covered call options against the shares we held and use put options to insure against the downside. Selling March 30 calls at around $5 would have reduced our cost basis while also allowing us to bypass the immediate short-term taxable event. The fact that we had never ventured into options made us shy away from this strategy. Going forward we will definitely be considering the option of writing covered calls and puts.
Here is a link to our analysis of ValueClick: Value Click (VCLK) – Part 1 – Accretive Acquisitions Driving Growth.



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