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3/26/09

Entered Direxion Financial Bear 3X ETF Shares (FAZ)

We bought Direxion Financial Bear 3X ETF (FAZ) shares today at $19.67. We did a couple of round-trips on Direxion Financial Bull 3X ETF (FAS) shares earlier in the week as we twittered previously – those trades were modestly successful. FAZ is the bear equivalent of FAS – The ETF tracks the daily performance of Russell 1000 Financial Services Index at 3X inverse leverage. This is again another speculative trade and the holding period is expected to be a few days.

Below is our updated portfolio - it is about 35% in the red. Our cash position is at 13%:
















































































StockBuy DateBuy PriceCurrent PriceCurrent % Of PortfolioUnrealized % ReturnYield as % of Portfolio Value
Altria (MO) Various16.6917.214.793.140.38
Philip Morris International (PM)1/4/200532.1938.308.6018.970.45
Kraft Foods (KFT)Various24.0323.074.28(4.01)0.23
Pfizer (PFE)Various24.3714.386.67(40.99)0.30
ICICI Bank (IBN)5/18/2006 and 08/01/200825.2814.796.86(41.49)0.30
Advantage Energy Fund (AAV)11/2/200611.222.701.25(75.95)0.17
Central Europe & Russia Fund (CEE)Various39.2316.365.31(58.29)0.03
Patni Computers (PTI)8/10/200720.855.492.55(73.69)0.08
Itron Inc. (ITRI)11/07/200785.0149.084.55(45.23)None
Anthracite (AHR)11/09/20077.970.430.20(94.60)0.00
ClickSoftware (CKSW)11/09/20074.612.893.69(19.96)None
Harvest Energy (HTE)11/28/200721.014.091.52(80.54)0.22
iRobot (IRBT)12/18/200718.658.963.32(51.55)None
LDK Solar (LDK)01/22/200830.497.762.16(74.55)None
Aegon N.V. (AEG)04/28/200815.994.971.38(68.91)0.00
LM Ericsson (ERIC) Call Value05/05/200811.83 7.505.56(36.59)0.15
TD Ameritrade (AMTD)05/21/200817.68 14.725.46(16.76)None
Trina Solar (TSL)Various24.90 12.195.65(51.05)None
Costco (COST)08/01/200862.28 48.464.49(22.19)0.07
Frontline Limited (FRO)10/06/200836.95 19.922.77(46.08)0.17
DryShips Incorporated (DRYS)02/09/20096.96 5.113.32(26.62)0.00
Direxion Financial Bear 3X ETF (FAZ)03/26/200919.67 18.644.32(5.23)0.00
Cash





13.08



Total Portfolio







(35.89)2.54



  • For Altria and Philip Morris International, assumed spin-off ratio of 30.83:69.17. Altria is yet to supply the cost-basis info
  • For Ericsson, we wrote April 7.5 covered calls on them at 0.95


Below is a summary of transactions during the year:



































StockBuy DateBuy PriceSell DateSell Price% Gain (Loss)% Portfolio Return*
DryShips (DRYS) Various 11.66 01/29/2009 8.96 (23.29) (1.39)
DryShips Feb 15 Calls (OOCBC) 01/29/20090.20 01/16/2009 2.50 922 0.58
Companhia Siderugica Nacional (SID) Various11.03 01/29/2009 16.01 44.86 1.73
Taiwan Semi Feb 7.5 Calls (TSMBU) ExpiredNA 01/09/2009 0.90 NA 0.77
Taiwan Semi (TSM) 7/27/20068.70 03/03/2009 7.76 NA (0.78)
Direxion Financial Bull 3X Shares (FAS) 03/16/20095.09 03/19/2009 6.53 28.31 1.26
Direxion Financial Bull 3X Shares (FAS) 03/23/20095.94 03/23/2009 6.22 4.63 0.19
Direxion Financial Bull 3X Shares (FAS) 03/24/20096.45 03/24/2009 7.12 10.30 0.44
Realized Gain/(Loss) YTD-----2.80



  • % Gain/Loss Relative to Portfolio Value at Beginning of Year + Deposits
  • The table assumes realization of profits associated with selling options only after the option is exercised or expiry.


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The content in this blog should not be taken as professional advice. We do not provide professional advice. We are amateurs sharing our experiences.