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Saturday, February 03, 2007

Positions Update Early February.

Time for an update this month.

Positions Changed:

I have sold out of MPH at the current closing price.
I have bought into ASU at 3.3c for $10,000.

Current Position:

RHD Bought at 65c now trading at 77c for a PROFIT of 12c (18%)
SCV Bought at 80c now trading at 80c for BREAKEVEN (0%)
FEA Bought at 63c now trading at 77c for a PROFIT of 14c (22%)
CKL Bought at 59c now trading at 54c for LOSS of 5c (-9%)
MCP Bought at $2.65 now trading at $2.89 for a PROFIT of 24c (9%)
MPH Bought at $0.225 now trading at $0.29 for a PROFIT of 6.5c (28.8%) -- SOLD
ASU Bought at 3.3c now trading at 3.3c for BREAKEVEN (0%)

Portfolio
Cash : $51,066
RHD : $11,846
SCV : $10,000
FEA : $12,222
CKL : $ 9,152
MCP : $10,905
ASU : $10,000

Total : $115, 191

Month 1: Profit of $4,688. Annualised this is a gain of 56%.
Month 2: Profit of $6,844. Annualised this is a gain of 78%.
Month 3: Profit of $3,659. Annualised this is a gain of 43%.

Closed Trades :
ITD Bought at 41.5c SOLD at 57.5c for a PROFIT of 16c (38%)
AVE Bought at $2.19 SOLD at $2.65 for a PROFIT of 46c (21%)
MPH Bought at $0.225 SOLD at $0.34 for a PROFIT of 11.5c (51%)

Commentary

WOW ... I can't believe the run I am having this year, if it keeps at this pace I will return a result of approx 60% this year. I am very skeptical of this as I am finding it harder and harder to find profitable positions.

Good Luck Investing.

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