1K Portfolio

Account Value $988.97
Money $93.97
Securities $895.00

As of 2007-12-17 at 6PM Pacific

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Account Value $1,008.97
Money $93.97
Securities $915.00

As of 2007-12-14 at 6PM Pacific

Market down today. Dow -178.11, Nasdaq -32.75, and S&P 500 -20.46

Portfolio went up thanks to a sell off with PHM (thank goodness!). After the bell, found out that DirecTV bought TiVo rival ReplayTV. That should give TIVO a beating come Monday. A big surprise indeed for this portfolio.

Ok, I’m changing the tag guidelines.
If ticker is in UPPER-CASE letters, then that means it is in the portfolio. If the tag is in lower-case letters, then it was mentioned in the blog entry only and not in the portfolio.

Follow link below for screenshot.

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Account Value $973.97
Money $93.97
Securities $880.00

As of 2007-12-13 06:00:03 PM PST

LEH has 4th quarter loss but beats the street’s estimates.  Market ended mixed  with Dow +44.06, Nasdaq -2.65, S&P500 +1.82

Executed an the order for EMC Jan 09 call @ $20 at price of $3.10 per contract.

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Account Value $959.57
Money $409.57
Securities $550.00

As of 2007-12-12 06:00:03 PM PST

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Account Value $974.57
Money $409.57
Securities $565.00

As of 2007-12-11 06:00:04 PM PST

Check out this headline:  Fed Lowers Rates, Wall Street Tumbles

It’s usually a good thing for the market when rates get lowered, right?   Well, not when some investors were hoping for more than what was given.  The 1K Portfolio shot back up today.  I have a feeling more selling off of stocks for the rest of this week.  Let’s see how earnings go for LEH (Lehman Brothers) 12/13, GS (Goldman Sachs) 12/18, and BSC (Bear Sterns) 12/20.  Instead of a year end rally, we might see a the market the color of the Santa’s pants.

Didn’t make any changes to the portfolio today.  Still under $1000, but I have a feeling it’ll go higher.  Now that teh Fed decision is over with, time to get back into game.

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Account Value $859.57
Money $409.57
Securities $450.00

As of 2007-12-10 06:00:09 PM PST

Oh my goodness! This portfolio is tanking! :(   -15% overall.  The fed better not cut .50 tomorrow.  Also, I’m going to be tagging these entries (as best I can) with the ticker symbols of stock in the portfolio.  These will be in addition to any other tags related to the post.

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Happy Holidays!  This is a reminder that what you see is real.  This is not fake and real money is at stake.  To some, $1000 is alot of money.  To others, $1000 is just “a drop in the bucket”.  Either way, making money is usually better than losing it.

Disclaimer:

The stock market can be a DANGEROUS place for you and your money. Please seek professional advice when acting on any securities mentioned. 1kportfolio does not work in the financial industry and does not claim to know anything about the financial industry or the stock market. Please do your homework and do not blindly do what I do. If you screw up, it is your own fault — not mine. Heck, I may even laugh at you.

Account Value $919.57
Money $409.57
Securities $510.00

As of 2007-12-07 03:00:03 PM PST

Lots of volatility as investors try to take into account jobs data.  Fed may lower funds rate by only 0.25 instead of 0.50 next week.   My opinion is that 0.25 is likely.  The current market expects a 0.25 cut minimum.  I’m expecting to see a small sell off (especially of homebuilders and financials) for a 0.25 cut.  No cut would be devastating to the market — eliminating any existing hopes of a year end rally.

Account Value $924.57
Money $409.57
Securities $515.00

As of 2007-12-06 03:00:03 PM PST

Short squeeze on homebuilders today after Bush’s announcement of a rate freeze of certain ARMs. Bad news for the current puts on PHM. I don’t know why this would bring up home builder stock. It’s likely a panic for the shorts.

Ultimately I do not see how this can help the builders. This will keep prices in certain areas artificially inflated. The higher price and the difficulty in borrowing money (for a new buyer) will still keep new homes on the books. This move by the government may have added fuel for shorting. As such, I’ve doubled the short position in PHM. I’m holding steady with the other positions and still have about 40% in cash in case new opportunities arise.  Two PHM puts Jan 08 @ $10 for $0.55 each.

Tradeking may not be calculating things correctly.  And some items like the two  added options did not show on the order status page.  I’ve included as much info as possible in the screenshot today.

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Account Value $1,010.82
Money $525.82
Securities $485.00

As of 2007-12-05 03:00:04 PM PST

Sell order got executed for EWH option at $3.10 today. Market pretty positive overall. Higher oil inventories and still the hopes of a mortgage rate freeze. Realized gains are $149.82 while current unrealized losses are -$139.97 — which means if it doesn turn well, I can likely offset one of the positions before the years over. Maybe then re-enter at a lower cost basis. If market goes favorably for the portfolio, then it’ll be nice and dandy for the new year.

I’m probably going to leave things unchanged until after the Fed meeting on Dec 11th. The days leading up to it may be too volatile to enter into any new positions. We’ll see what the fall out is.

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