Managing Funds for a Living

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And who the */;@! do you "think" you are, lol.

So I messed up and forgot to post some trades made yesterday in my Covered Call Fund:

<b>Monday, April 14, 2008
3:05 pm EST

Bought (1) XMSR Apr 14 (QSYDP) call option contract at $0.05 (ask).

Sold 100 shares of XMSR (XM Satellite Radio Holdings, Inc.) at $10.55 (bid).

Bought 200 shares of HOV (Hovnanian Enterprises, Inc.) at $10.65 (ask).

Sold (2) HOV May 10 (HOVEB) call option contracts at $1.55 (bid).

Stop Loss: $9.10</b>

So indeed I am stopping the loss on 100 shrs of XMSR (I still have 100 shares).

Got into HOV now moving into the May contracts. It has been about a year since the regular "exercise" of ITM (in-the-money) covered call positions has transpired.

We've mostly been stopped out at our "breakeven" point (stock purchase price minus call option sell price) and subsequently have had much less than the norm for exercised contracts.

Better safe than sorry :eek:

Which brings our YTD closing value of our 20k fund to:

paySense

PS I will try hard to keep these replications of my trading journal entries/subscriber email alerts posted at ET in a timely manner to maintain their credibility!
 

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Quote from paysense:

PS I will try hard to keep these replications of my trading journal entries/subscriber email alerts posted at ET in a timely manner to maintain their credibility!
More...
LOL
 
Yes and you and all the other hokey types can go back and read every post to see that ALL matters have been covered exhaustively along with much constructive work done in the process - all leading in a good direction.

Mr Idiot. . .if you would like I can post a snapshot of every emailed trade along with a "study" on how each trade if captured in not so timely a manner would yield the near-exact graph.

But you and the yokels that try to detract from me aren't gonna get another minute of my time. We already know not to expect ANYTHING but the same ridiculous perspective and replies.

paysen$e

God knows how you live with yourself.
 
Quote from paysense:

But you and the yokels that try to detract from me aren't gonna get another minute of my time. We already know not to expect ANYTHING but the same ridiculous perspective and replies.
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Yes, Mr. Hedge Fund Manager, oh wait, that's right you are also the CEO...(any other grandiose self personalities you would like to add?)

We all know you are far too important and busy to waste your time here explaining why you have failed to live up to the performance standards that you yourself stated in when you created the thread: "very consistent, comparibly low risk approach to exponential growth that launches into the stratosphere in a very short while."

Or to explain why you can't replicate your amazing performance on C2...oh that's right, after suffering a 20% drawdown on your allegedly "low-risk" system you decided to abandon your time-tested strategy and just start trading futures on a lark, thus blowing out your account.

The exact trades I make in my funds at xxxxxxxx will be made in "Kingdom Capital Covered Call Fund" at C2.

As they say...the proof is in the puddin' and I'm not "puddin'" anyone on when I say these funds rock. But we'll let YOU be the judge!
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Here's the pudding:

http://www.collective2.com/cgi-perl/systems.mpl?want=publicdetails&systemid=26557785

Ta-Da!

It is truly amazing that someone can come to a public forum, make all sort of snake-oil salesman claims then completely and totally fail to live up to the claims and then continue to go on like everything is fine.

Earth to Gilbert Arevalo - you aren't doing anything great or outstanding, you are not "launching into the stratosphere". Your market direction calls are not right-on target as you continually attempt to imply with your multi-post diarrhea of the fingers.
 
:D

You are back?

With that same system ID thread. Oh yeah you pay no mind since your hatred is priority #1.

Yes, I am Mr. Hedge Fund Manager AND CEO - I hope this endlessly bugs you.

And YES, in a VERY SHORT WHILE (I haven't been at ET that long) the proof will be in the puddin'. I'm NOT like you and am puddin' on myself.

Low risk is maintained with KC.com funds. Emailed snapshots are available since I abandoned my C2 record for the current.

And yes, keep track of these since all my posts have been on the up-and-up and all yours (minus 1 or 2) have been detracting and mocking. What good does that do?

For you something. And yes, I KNOW I will do what I say I always do! And yes all your put downs WILL be made known as hateful and useless.

Carry on!

Gilbert aka Hedge Fund (re: invest in covered calls) Manager and CEO of my own company that consistently produces. It is not my fault I've had to be patient a whole year to get the next ramp and yes I am pretty proud of myself that I stayed the course to now despite you and others that KNOW IT ALL.

BAWWAAWWAAAHHH!!!!

pS

Funny thing is if I fail or fall short somehow this will make your day as it proves you right in having the "discernment" I guess you call it to have made the "right" call!

What world do you live in - oh yeah. . .don't tell us we already know.
 
OK we are adding a new position for May (since Apr call options are holding up fine heading toward tomorrow's expiration).

Presented as timely as I can - but like I said catching each covered call trade at an exact time for this strategy is not a key point. What is is making all trades both in and out of covered call positions in order that one can learn the system and of course (near-) exactly replicate our progressing chart pattern.

<b>Thursday, April 17, 2008
1:35 pm EST

Bought 200 shares of RZ (Raser Technologies, Inc.) at $10.45 (ask).

Sold (2) RZ May 10 (RZEB) call option contracts at $1.50 (bid).

Stop Loss: $8.95</b>

As you can see this position is somewhat ITM (safer) and hefty in return - as well as technically and fundamentally positive. The company also won't be reporting any earnings during our holding period (less risk of getting stopped).

We now just hold the stock with a fair prevailing market wind at our back to capitalize/compound/capitalize/compound etc. - to make (what, a possible) 10.05% in 4.2 weeks.

Add that to the diversity of our positions (that we have been sleeping well on, too) and viola!

Understanding what moves general market trends and comfortable with taking our returns up front makes managing 50%+ annual gains a real breeze!

Of course we can only take what the market gives us (not much in the last 52 weeks) - but it does give us ample opportunity to accomplish just this.

You tell me if it is hype to use compounding to grow 1/10th your net worth into beyond your full net worth in less than 10 years, lol. So that means if you have a fund with 5M you could produce 20-30M from it. Attract more money and well it is INSANE!

But let's just let this unfolding market uptrend produce what it can first (we hope to now see progressive gains from our charts) before we really sound any alarms.

paySen$e aka gA


:eek:
 
IBM, INTC, GOOG and others have reported earnings that seem to be lending much strength to the fledging rally; )

Declines in light trade and gains in higher trade is very healthy for a bullish market phase - along with more breakouts from leading stocks (which we continue to see).

pS

cc: model portfolio update (mp)

:cool:
 

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The only update I have is that the covered call postions we phased into once we called the bottom <b>20-Mar-2008</b> have for the first time in a LONG time held up well.

I mean if we had just bought and held positions in 2007 - many of which ultimately bounced back after we "limited losses" with an unwind at our "breakeven" or stop-loss target (stock purchase price minus option sell price) - we could've chirped about handsome gains.

If that unproven method was used we would have gained more in 2007 than 12%. Would've been more like 20%. But our proven methods are to raise cash when positions move against us to avoid potentially large losses.

So we are comfortable to let the market come to us which has proven to work quite well time and again. In other words we are getting called away on 50% of our positions this month which is much more the norm, where in 2007 we had maybe 5-10 get exercised all year (many positions were closed early to "lock in the gain" with a sudden move to the upside and a chance to move into another position)!

Things are looking healthy as the indexes are now behaving in a more predictable manner (at least from our views).

So with more cash in our account on Monday we can again look for more plays and further upside to this rally and breakouts amongst market leading stocks - the hallmark of any healthy rally.

THAT is how 50% annual gains are made on average over multi-year periods. And that is how you can monkey around bantering with ET folks all the while knowing you took your profits up front, don't have to scalp for gains and can rally 1/10 your net worth into millions and even 10's of millions in a reasonably short timeframe.

Regards,

Paysense
 

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Trades that go into the Trading History (uploaded later) -from KC.com's (not actual url) Trading Journal Friday:

The day's close also marked the expiration of our short April call option contracts.

IOC (Interoil Corporation) closed at $18.55.

(1) IOC Apr 20 (IOCDD) call option contract expired.

XMSR (XM Satellite Radio Holdings, Inc.) closed at $10.75.

(1) XMSR Apr 12.5 (QSYDV) call option contract expired.

SPF (Standard Pacific Corporation) closed at $5.58.

(4) SPF Apr 5 (SPFDA) call option contracts were exercised.

400 shares of SPF were sold at $5.00.

ANW (Aegean Marine Petroleum Network, Inc.) closed at $39.73.

(1) ANW Apr 35 (ANWDG) call option contract was exercised.

100 shares of ANW were sold at $35.00.

CSIQ (Canadian Solar, Inc.) closed at $26.08.

(1) CSIQ Apr 25 (GQADE) call option contract was exercised.

100 shares of CSIQ were sold at $25.00.

CLWR (Clearwire Corporation) closed at $13.07.

(1) CLWR Apr 15 (QCWDC) call option contract expired.

SOLF (Solarfun Power Holdings Co. Ltd.) closed at $14.71.

(1) SOLF Apr 15 (QFGDC) call option contract expired.

. . .and the Model Portfolio update
 

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Oh yeah. . .the charts (updated, rolling 52-week) - no gains (looking to some now) but losses contained is bank:

3a041908.jpg


3c041908.jpg


gA


:)
 
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