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Trader Mark www.fundmymutualfund.com

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Community Rank: Analyst (151 pts) | Member since 04/09/2008

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All-time Return -7.00% (in 1 year)	Risk (SD) Moderate 0.00%	Sharpe Ratio -22.33
Followers 15	Winning Picks 88 of 238	Total Views 59344

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Trader Mark 's Blog Posts

Visit Blog: Fund my Mutual Fund

BX MCO Fund Performance Period 11 11/09/09 — As a reminder, if you are interested in this type of fund as a worthwhile consideration for future investment, please consider reading why this blog exists. [Jan 7, 2008: Reader Pledges Toward Mutual Fund Launch] [May 26, 2008: Frequently Asked Questions] Our story in Barron's [A New Kind of Fund Man...

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Bookkeeping: Selling Another 1/4th of Original SPY Call Position from Friday 11/09/09 — This morning we took off half of our SPY ETF Call position around S&P 500 level 1080. I am now selling another quarter at level 1090. Again this is a 1 day rental of our cash, so the risk reward of this trade was magnificent. I will sell the last 1/4th of the position on a move to S&P 11...

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LVS Las Vegas Sands (LVS) Sets Hong Kong Macau IPO Range of $2.5B to $3.3B 11/09/09 — I was struck in much of my reading of the G20 meeting this weekend, especially in the UK papers, on how the central bankers actions - specifically in the US and US-mini me (UK) - are specifically TO inflate assets. So while we mock it, it seems to be an implicit strategy... the idea is increased as...

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DRY RDY Dr. Reddy's Laboratories (DRY) Impressive on Both Fundamental and Technical Basis 11/09/09 — While I've traded Dr. Reddy's Laboratories (RDY) in the past, I have not touched it in the past few years; however as we await for the new Market Vectors Indian Small Cap fund to launch I was poking my nose around Indian stocks this weekend since the Indian market has corrected quite a bit (and rebou...

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DFS Bookkeeping: Adding to Discover Financial (DFS) 11/09/09 — As we did Friday with 4 other positions, as Discover Financial Services (DFS) breaks back north of the 50 day moving average we will re-expand our allocation; I am adding 1% exposure in the $14.90s. On a side note - the Russell 2000 we noted as a lagging index is progressing nicely intraday, havi...

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COST Bookkeeping: Covering Costco (COST) Short 11/09/09 — Costco (COST) has been a trooper and certainly many other stocks fared much worse during the downdraft in the week before last. I am going to cover my short with a 4.6% loss... luckily this is a slow mover and it was a 1.4% allocation for much of the past 3-4 weeks. That massive gap will have to ...

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Bookkeeping: Selling Half SPY Calls Purchased Friday 11/09/09 — Friday morning as we said Again, I am not really being facetious when I say "bad things" could actually be good news for the speculators of the US of A. More money printing, more stimulus, more handouts, more programs, more anything and everything. All these things hurt the dollar and until thes...

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Bookkeeping: Weekly Changes to Fund Positions Year 3, Week 14 11/09/09 — Year 3, Week 14 Major Position Changes To see historic weekly fund changes click here OR the label at the bottom of this entry entitled 'fund positions'. Cash: 85.9% (v 85.9% last week) 22 long bias: 11.8% (v 11.8% last week) [includes 1 option position] 4 short bias: 2.3% (v 2.3% last week) [inc...

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Updated Position Sheet 11/08/09 — Cash: 70.4% (v 85.9% last week) Long: 26.3% (v 11.8%) Short: 3.3% (v 2.3%) This data is updated weekly and can be found on 'Performance/Portfolio' menu tab on the <nobr id="itxt_nobr_0_0" style="color: blue; font-size: 100%; font-weight: normal;">website</nobr>. As always the total gain/...

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GS BNI Barry Ritholtz Shreds Warren Buffet 11/08/09 — Some great posts this weekend over at "The Big Picture" by Barry Ritholtz; Barry is essentially the "trailblazer" of financial blogging and many a blogger has followed in his footsteps. In my piece this past week on the Berkshire Hathaway (BRK.a) Burlington Northern (BNI) buyout I didn't have time ...

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TA In Case You Missed It - the Week's Most Popular Posts 11/07/09 — What readers were most interested in this week Goldman Sachs Q3 Winning Percentage: 98.4% - here Warren Buffet's Berkshire Hathaway to Acquire Burlington Northern; Split Shares - here STEC Crashes 30% on EMC Inventory Warning - here Las Vegas Sands Earnings "Ok" but CEO Talk Supports Stock; Ho...

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ENI BX Blackstone Group (BX) Continues its Recovery; Beats Estimates by 10 Cents 11/06/09 — As mentioned this morning, we added back to our Blackstone Group (BX) exposure as the stock jumped back over a key moving average on the back of a solid earnings report. After 7 sessions of purgatory, the stock is in a better position today. Unlike a "widget maker" type of company I will give a...

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WFC Wells Fargo (WFC) Kicks the Can by Transofrming Option ARM Mortgages into Interest Only 11/06/09 — If you are not familiar with what an option ARM mortgage is, read this piece [Aug 13, 2008: Option ARMs- Who Thought Up these Time Bombs?]]. I too was unfamiliar with it, despite following markets closely, until I read a BusinessWeek article in October 2006. Interest only mortgages? Yep I knew ab...

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INTC GS Potential Fly in Bull Ointment: Early Stage Head and Shoulders Formation 11/06/09 — Many things we are seeing now on the charts are similar to what was happening mid summer. Many of us (hand raised) were excited about a potential "head and shoulders" formation that was in process of being created. (what the heck is a head and shoulders? see here) Literally we were a handful of S...

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BX GFA Bookkeeping: Making Some Long Purchases 11/06/09 — Now that the 2 big news events of the week are out of the way, and thus far the drop below the 50 day moving average looks just like it did in July 2009 - that is, a headfake I'll get back some longs. I am surprised it is just that easy... we had 5 intraday reversals in 9 sessions during this sello...

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Bookkeeping: Adding Some Index Longs on Morning Pullback 11/06/09 — Since we broke back north of the 20 day moving average yesterday on the S&P 500 I reluctantly must stash the bear costume and temporarily change course; I used this morning's selloff to cut one of my 2 hedges (I was short the TNA ETF) for about a 5% loss; we had about a 4% allocation coming i...

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Official Unemployment Rate Hits 10.2%; Reality is Far Higher 11/06/09 — I am not going to break down the full unemployment data because like much of our government reporting it is "garbage in, garbage out" and "you can't handle the truth" mixed together. If you are newer to the website please peruse these entries during spare time this weekend [Oct 2, 2009: True Septem...

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#1 Article on UK Telegraph Website: No Respect, No Morals, No Trust - Welcome to Modern Britain 11/06/09 — At first I was going to post this story from the UK Telegraph as an interesting piece... food for thought if you will... with the tag that this tangent has little to do with the financial world we deal with. But upon further reflection, as we've sat posting story upon story for multiple years about...

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BCSI Blue Coat Systems (BCSI) - More Global Labor Arbitrage 11/05/09 — We see in today's news something I believe has been happening for many years, and continues ... under the surface, slowly but surely. I call it erosion because it is not noticable or a "big bang" emergency but as we look around and ask where all the jobs went while concurrently trying to create bub...

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Yet Another "V" Shaped Bounce- Old Patterns Seem Useless 11/05/09 — I will say if someone gave me any sort of odds on a V shaped bounce coming off a late day selloff, pushing us at (if you use exponential) or below (if you simple) the 50 day moving average, I would of taken on that wager. I'd of been wrong. In front of a market moving economic report premarket Fr...

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More about Trader Mark

Avg exp holding time:
167.00 days

Website:
www.fundmymutualfund.com

About Me:

I have been in the market in some form since being a teenager, first with mutual funds, than onto to ... more

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