Bought a 1% position in DBA at $37.00. Additional money in agriculture/food sector.
Bought DBA – Powershares DB Agriculture Fund
May 8th, 2008Portfolio Update
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
May 8th, 2008Bought at $68.76 – down about 7%. Selling seems overdone. Speculative trade.
Sold entire TSO – Tesoro Corp. position
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.
Sold entire position HTE – Harvest Energy Trust
May 8th, 2008Sold 2% HTE position at $23.11 USD at 27% loss. Very weak results and with oil at $120, where is the improvement going to come from?
Bought more EWS – iShares MSCI Singapore ETF
May 7th, 2008Bought another 1% position in EWS to bring total position to 2%. Price was $13.60 down 3.25%
Bought more EWA – iShares Australia MSCI ETF
May 7th, 2008Bought .4% more EWA to bring position to .8%. Price was $27.90 – down 3.25%.
Bought More EWZ – iShares MSCI Brazil
May 7th, 2008Bought an additional 1% EWZ to bring position to 3%. Price was $91.47 down over 3%.
Bought more PAL – North American Palladium
May 7th, 2008Bought .4% position in PAL to bring position to 2%. Price was $5.10 down 6.6%
Bought more ABX – Barrick Gold
May 7th, 2008Bought another 1% position in ABX at $39.10 to increase total to 2%. Profitability up, production up, hedging stopped and dividend raised.