Joe Bocuzzi wins the contest again and wins his 2nd month in a row! Congratulations Joe. The meeting attendees were: Tim West, Mark Juviler, Joe Bocuzzi, Pamela Grayson, Peter Afif, Stan Katz, and Ilene.
Notable news is that our portfolio of ideas, when money management principles are applied, yielded north of a 10% gain for the month. This performance, when added to our previous performance, put our 'hypothetical portfolio' up 25% with a maximum drawdown of less than 5% just since early October. I trust you are all amazed and wonder how we can capture this return in a real account.
The obvious questions are: 1. How do we structure ourselves. 2. How much capital would we need in order to finance the proper position sizes. 3. How much would it cost. 4. What are the risks. 5. Who would perform all the tasks. 6. How would we make decisions. 7. How much time is needed.
I would have liked to post the ideas from the meeting right away, but I don't want our ideas out for general circulation, as they are valuable so I would like to distribute them by email to our group or find a way to get passwords and login codes so you can get information. This may sound complicated and expensive, and it is. But our ideas are valuable and there is no sense giving them away when they are clearly so profitable.
As far as a meeting location goes, we didn't have internet access at this last meeting, which was a problem given that Mark Juviler and I (Tim West) invested a lot of time to assure we have a wireless network available to us at BobbyQ's. If someone has a wireless air-card, then do bring it for the next meeting please. Otherwise, we may need to find a more suitable location where we have a quieter location with more privacy. I am considering a change of location very seriously and will contact you all shortly about the details.
If there is a presentation that anyone has for the group, then email me at tim_wst@yahoo.com and let me know. Obviously, my presentation on QCharts software wasn't possible without an internet connection. So, with a new location or a more reliable internet connection, we will be able to have more data to back-up our discussions, especially relating to "When" to enter an investment, when to exit and various key levels of support or resistance in the historical price levels of the stock or commodity. We all look forward to having that functionality again at the next meeting.
Ideas generated by the group will be posted to the spreadsheet soon, which is available by clicking on the link below entitled "spreadsheet".
Our next meeting will be the 2nd Wednesday of June. which is June 11th. The meeting will start at 5:30PM and we will meet at the bar of BobbyQ's (pending a new location).
Tuesday, May 27, 2008
Subscribe to:
Posts (Atom)
Posts
