Vad's Best Ideas

My heavily mortgaged portfolio has taken me for a wild ride during the last few days...Technical difficulties with Ms website did not help either but my previous headline correctly predicted that my SLO fund is capable of losing money with unprecedented speed. On Monday my fund tumbled 10% in one day because TMA troubles took a turn for the worst and got crushed with a $90k loss to my portfolio.

I spent the last three days trading as much as the Marketocracy's web site has allowed me too sometimes missing 5-10% swing trade opportunities because tickets did not show up fast enough or at all. The summary result so far has been mixed with my fund bouncing back by roughly $70k since the bottom but still under $10NAV...

I have gotten out of CFC, IMB, DFC, FCH, TMA, CHNG and now I am down to only 5 heavily concentrated positions:
NFI at 25%, IMH at 20%, LEND at 23%, FMT at 10%, DFR at 13% with 10% in cash being deployed into weakest position- DFR...

Comments: View Comments |  Thursday August 16, 2007