View the spreadsheet containing all disclosures for my complete equity portfolio, including initial entry points, YTD returns, total returns, etc. through September 30, 2009. THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: +34.0% YTD (my actual IRR, including cash balance) DJIA: +10.7% Nasdaq: +34.7% S&P 500: +17.0% DJ WIlshire 5000: +20.1% Russell 2000 (smallcap): +21.1% September was [...]
With gold hovering over $1,000 per ounce, now seems a good time to check in on two gold mining stocks I hold in my portfolio, Minefinders (MFN) and Yamana Gold (AUY). Long-time readers will know that I have been writing call options all year long on these two stocks, to good profit. With the recent [...]
Click here to view the spreadsheet containing all disclosures for my complete equity portfolio, including initial entry points, YTD returns, total returns, etc. THE ENLIGHTENED-AMERICAN PORTFOLIO SPREADSHEET Enlightened-American Portfolio: +5.2% YTD (including dividends) DJIA: -13.3% Nasdaq: -3.1% S&P 500: -11.7% DJ WIlshire 5000: -8.9% Russell 2000 (smallcap): -15.4% The stock market enjoyed a strong rally [...]
What else could explain the 11% pop in ACAS, bigger than most other financials today? Well, besides Wheaties, perhaps the pending “new” rules on naked short-selling might also have something to do with it. It’s interesting to see another position, Minefinders (MFN), up 16% today as that stock allegedly has a big naked short position [...]
Racing is a fairly apt description but more on that below. First, an update from Q1 2008 (all figures US$ unless noted): The company burned $7M during the course of operations in Q1 2008, more than doubling last year’s cash burn. Because MFN is not yet in production, looking at the total cash burn number [...]
T. Boone Pickens, via BP Capital, was fairly active in adding and building positions. Pickens made headlines earlier this year by predicting a drop in oil prices for the first half of 2008 and then quickly backtracking as oil has smashed through record prices. Here are some highlights from the filing: Reopened a big position [...]
