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While my portfolio was making money, it was not performing at the level I am striving for so after my last blog, I was doing some analysis on what is working and what is not and where I think things are going.
I sold off a couple of the 'solid' issues (INTC/MSFT) I was holding large positions in since though they were making money the returns were less than 5%, getting rid of Microsoft turned out to be good timing since right afte that the EU case results were announced.
I also significantly reduced my holdings in several other large and mid cap issues, too many changes to detail here.
This provided the liquidity to pursue some more aggressive directions. I purchased positions in several more pending splits (CTSH/SLP/TAP/JBX) and will look to either sell at the run up prior to the split or on the rise after the split as these are solid companies.
In addition I am establishing a large position in NTBK (target 250,000 shares) in anticipation of them finding a compatible partnership to meet regulators requirements that they find a partner for there retail banking segment. In the event this does not work out the exposure is only in the neighborhood of $20K, and the potential upside on 250K shares with the current price at $0.082 is huge. It will probavbly take a few months to determine whether this is a good gamble or not but from what I can find out through research their chance at success is pretty solid.
The end result of all of the changes seems to be that with the exception of NTBK I have positive returns on the other 24 items in my portfolio. I'll be watching their performance and looking for other opportunities like the NTBK deal, currently researching MNTEF & TELVQ.
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