Sold entire 2.5% PWE position at $32.15 for 2.75% loss. Lightening up on oil-related positions.
Archive for May, 2008
Sold PWE – Penn West Energy Trust
Friday, May 9th, 2008Sold PVX – Provident Energy Trust
Friday, May 9th, 2008Sold 1.5% PVX position at $11.45 – 4.5% loss. Lightening up on oil-related holdings. Should be noted that these energy trusts are all very high-yielding, have been held for a fairly long time and with dividends received they all represent overall profitable positions.
Sold BTE – Baytex Energy Trust
Friday, May 9th, 2008Sold entire 2% Baytex position at $27.00 for 8.5% gain. Lightening up on oil related positions in ace of rapid price spike.
Sold PDS – Precision Drilling
Friday, May 9th, 2008Sold entire PDS position (1.25%) at $27.50 for 16% profit. Lightening up on oil related issues.
Bought MT – ArcelorMittal (steel)
Friday, May 9th, 2008Bought 1% position in MT at $93.88 (down 2%)
Good day today
Thursday, May 8th, 2008Up about 1.5% and a new high in portfolio total value. KALU however didn’t work out so well – at least not yet anyway.
Gold, silver, copper, palladium, coal mining stocks particularly strong.
Bought DBA – Powershares DB Agriculture Fund
Thursday, May 8th, 2008Bought a 1% position in DBA at $37.00. Additional money in agriculture/food sector.
Portfolio Update
Thursday, May 8th, 2008Current cash position is about 22%
YTD return (annualized IRR in Quicken) 39%
12 month return (annualized IRR in Quicken) 23%
Bought .7% KALU – Kaiser Aluminum
Thursday, May 8th, 2008Bought at $68.76 – down about 7%. Selling seems overdone. Speculative trade.
Sold entire TSO – Tesoro Corp. position
Thursday, May 8th, 2008Sold entire 1.25% TSO position at $23.55 – down 4.5% and at about 19% loss. That was the last of the four refining stocks I bought too early as it turned out.