Ideas from the meeting: Initials only to protect privacy -
Idea to save money - contact Heatusa.com
20 percent discount on oil price per day and free service contract
Another idea to save electricity - measure your electrical usage using the KILL-A-WATT device, it measures the amount of electricity you plug into it.
E.K.: buy silver, slv or sivr; hillenbrand (hi). Just under 19 and trending up
B.G. - QLD, QID etf's are a favorite trading vehicle: double long nasdaq, double short nasdaq; this month choosing qid, expecting the market to go down.
J.G. - Buy Caterpillar and buy time warner (TWX will benefit from spinoff of AOL)
T.W. comment - Hudson Holdings (HDHL) is 24 cent stock, has 10mm in cash, main business is institutional stock trading.
S.K., short the euro us dollar: EUR/USD. Thinks it's going to correct in 30 days. Pricipal movers are interest rates and general feeling on the economy. People think safety, they think the dollar.
T.W. - Sell Short US Government Bonds. I'd like to be wrong on this, which is to say that if I am wrong, your borrowing costs will be lower, which is good, except it means the economy is even in worse shape. However, if I am right and rates rise, then you have borrowed at lower rates of interest, which is good. I view that as a win-win trade. Buy the TBT etf (inverse etf that profits when interest rates rise) or sell short TLT (20 year US Gov't Bond etf, formerly by Lehman). Also, I view AAPL as a significantly overvalued. Only 20 cents of every dollar of stock you buy is actual revenue at the company level. I view AAPL as a short sale. Short apple, 5 times sales, apple is a bigger short than gold, google is overvalued too.
Next meeting will be the 2nd Wednesday in January.
Note - Walter Shanley couldn't make it to last week's meeting. He contacted me by email prior to the meeting to let me know. We may have a special meeting this Wednesday in order to make any of you aware of his business opportunity. I may send out a special EVITE to invite you to his presentation.
Best regards,
Tim West
(Thank you Mike Kot for collecting the notes from the meeting)
Monday, December 7, 2009
Sunday, November 29, 2009
Meeting Announcement: Wed, Dec 2, 5:30PM Bogey's
Our next meeting will be held at Bogey's in Westport.
5:30pm - arrive and relax, meet at the bar
6:00pm - move upstairs to the Bogart Room for dinner and group discussion
On tap - possibly a quick business opportunity in affiliate marketing - this might be very interesting to anyone who shops on the internet. 'Tis the season for shopping and I have someone who can show you how to save a few bucks and even make a few bucks by becoming part of the internet shopping game. The quick presentation will be given by our group member Walter Shanley. You can read his profile on Linked-In.
We will see you on our last meeting of 2009! How time flies! Hope you all have prospered this year and look forward to finding more ways to MAKE MONEY AND SAVE MONEY with you next year.
All the best,
Tim West
5:30pm - arrive and relax, meet at the bar
6:00pm - move upstairs to the Bogart Room for dinner and group discussion
On tap - possibly a quick business opportunity in affiliate marketing - this might be very interesting to anyone who shops on the internet. 'Tis the season for shopping and I have someone who can show you how to save a few bucks and even make a few bucks by becoming part of the internet shopping game. The quick presentation will be given by our group member Walter Shanley. You can read his profile on Linked-In.
We will see you on our last meeting of 2009! How time flies! Hope you all have prospered this year and look forward to finding more ways to MAKE MONEY AND SAVE MONEY with you next year.
All the best,
Tim West
Monday, October 26, 2009
MEETING TBD - Wed, Oct 28th at 8PM
DUE TO FOOTBALL CHAMPIONSHIPS, THE NEXT TWO WEDNESDAY'S (OCT 28th & NOV 4th) I WILL BE BUSY FROM 5PM - 7:30PM.
If you are interested in meeting this Wed evening at 8pm then RSVP to twest@compocapital.com
Looking forward to meeting you to find more great investment ideas.
Timothy R West
If you are interested in meeting this Wed evening at 8pm then RSVP to twest@compocapital.com
Looking forward to meeting you to find more great investment ideas.
Timothy R West
Friday, October 16, 2009
MEETING POSTPONED TO WED, OCT 28th
Looking forward to getting together at the end of this month. I'll update the portfolio performance shortly to reflect an exit at Wednesday's closing prices, as that was a month from the last meeting and our planned exit strategy.
The meeting will take place at 6pm, but do come at 5:30pm and relax at the Bogey's bar. We will then convene upstairs in the Bogart Room and order dinner from the menu. What we usually do is then go around the table and each person gives us a 1-5 minute "pitch" on their favorite investment idea for the month. The point is to discuss what trends you are seeing in the marketplace and then we can convert what you are seeing and put it into action in a portfolio.
The success of the concept is only through your participation in the process. Each person can choose any idea they wish. No one can vote your idea down, but they can attempt to convince you otherwise. So, either stand your ground or back down. But advise others too strongly and you are at your peril, because we are not attempting to be all-knowing, rather we wish to put good ideas to work in a portfolio and see how it all comes together at the end of 12 months.
From a year ago, the collection of ideas is up dramatically. Interesting too is that the portfolio of ideas was up handsomely even when the stock market was down in the depths of the bear market.
So bring your "Perspective" and add it to the "Collective" and we all will be collectively smarter (we hope) and more profitable (we also hope) over time. I'll be putting toghether some slides for a presentation on Monday, November 2 up in the great town of Easton at the Easton Exchange Club. So, I'll go through some of those charts with you before.
If you currently are not on our email list, then email me at twest@compocapital.com and I will include you on the list. An email will go out 1 week prior to the meeting and again 1 day prior to the meeting for those that replied "yes" or "maybe". If you no longer wish to be on the mail list, then let me know.
See you on October 28th! And GO WILDCATS http://www.wildcatsfootball.com 8th graders
Timothy R. West
Easton, CT 06612
The meeting will take place at 6pm, but do come at 5:30pm and relax at the Bogey's bar. We will then convene upstairs in the Bogart Room and order dinner from the menu. What we usually do is then go around the table and each person gives us a 1-5 minute "pitch" on their favorite investment idea for the month. The point is to discuss what trends you are seeing in the marketplace and then we can convert what you are seeing and put it into action in a portfolio.
The success of the concept is only through your participation in the process. Each person can choose any idea they wish. No one can vote your idea down, but they can attempt to convince you otherwise. So, either stand your ground or back down. But advise others too strongly and you are at your peril, because we are not attempting to be all-knowing, rather we wish to put good ideas to work in a portfolio and see how it all comes together at the end of 12 months.
From a year ago, the collection of ideas is up dramatically. Interesting too is that the portfolio of ideas was up handsomely even when the stock market was down in the depths of the bear market.
So bring your "Perspective" and add it to the "Collective" and we all will be collectively smarter (we hope) and more profitable (we also hope) over time. I'll be putting toghether some slides for a presentation on Monday, November 2 up in the great town of Easton at the Easton Exchange Club. So, I'll go through some of those charts with you before.
If you currently are not on our email list, then email me at twest@compocapital.com and I will include you on the list. An email will go out 1 week prior to the meeting and again 1 day prior to the meeting for those that replied "yes" or "maybe". If you no longer wish to be on the mail list, then let me know.
See you on October 28th! And GO WILDCATS http://www.wildcatsfootball.com 8th graders
Timothy R. West
Easton, CT 06612
Friday, October 2, 2009
Portfolio Performance for WTN
scroll down to find the spreadsheet link
http://spreadsheets.google.com/pub?key=p4P2Qbq7qqC1UZpy1VImeAw
Copy and Paste this into your window if the link does not work properly
Find the tab - Summary to see that we are up nicely for the year.
See you at the meeting -
Tim West
LASTLY - To save money on a new boiler for your home - please consider www.system2000.com - I have installed two of these and have saved 30% on my home fuel usage.
http://spreadsheets.google.com/pub?key=p4P2Qbq7qqC1UZpy1VImeAw
Copy and Paste this into your window if the link does not work properly
Find the tab - Summary to see that we are up nicely for the year.
See you at the meeting -
Tim West
LASTLY - To save money on a new boiler for your home - please consider www.system2000.com - I have installed two of these and have saved 30% on my home fuel usage.
Friday, August 28, 2009
Next Meeting Wed, September 9, 2009 - 5:30PM Bogey's, Westport
I will send out an email by eVite next Wednesday to announce the meeting.
There is a circle of interest in having a GANN meeting to discuss the principles and strategies of W.D. Gann. The meeting might be a luncheon between several members, led by Miriam Bakker, Robert Daries and Ken McCue. If you are interested in joining that luncheon, then reply to this or email me at twest@compocapital.com
Best regards to all,
Tim
There is a circle of interest in having a GANN meeting to discuss the principles and strategies of W.D. Gann. The meeting might be a luncheon between several members, led by Miriam Bakker, Robert Daries and Ken McCue. If you are interested in joining that luncheon, then reply to this or email me at twest@compocapital.com
Best regards to all,
Tim
Thursday, August 13, 2009
Next Meeting: Early September on a Wed @ 5:30PM @ Bogey's in Westport
August is filled with football practices and I look forward to seeing everyone the first thing in September when school is back in session because then we have practice on Tuesday-Thursday-Friday so Wednesday should be open for meetings.
I sure wish I could keep everyone up to speed on the forecasts that I have made and continue to make - and I look forward to hearing everyone's money-making and money-saving ideas at our next group meeting!
Tim West 12:15AM Friday, August 14, 2009
I sure wish I could keep everyone up to speed on the forecasts that I have made and continue to make - and I look forward to hearing everyone's money-making and money-saving ideas at our next group meeting!
Tim West 12:15AM Friday, August 14, 2009
Thursday, July 30, 2009
Meeting Summary for July 29, 2009
We had a "quick meeting" last night and reviewed this website, the overall performance of the portfolio, discussed a private-REIT investing in extended-stay hotels with a decent yield, and listened to Miriam Bakker go over the techniques she has developed by studying the great trading master W.D. Gann and his "square of 9" chart.
We did not assemble a portfolio of ideas in the regular fashion - but I will note the ideas here for you to review/enjoy:
1. Walter Holder - Short Oil - Long James River Coal - Long AK Steel
2. Stan Katz - Long or Short EuroCurrency - So I suggested Short
3. Miriam Bakker - Short SPY @ 99.30 (using a 0.20 stop loss @ 99.50, but I suggested that at least an 11-day average daily true range of 1.50 points made more sense)
4. Tim West - I didn't go over my research that I brought to the meeting - so - I didn't even say that I'd choose Silver again - but here I go - Silver (long).
5. Ken McCue - Didn't get around the room to hear an idea from Ken.
6. Jordan Kerner - Gave a great overview of a real estate opportunity. As a lark, you could choose a hotel or extended stay reit with low leverage and southern geographical exposure.
Our next meeting will be in early September and will hopefully cover the "HOW TO LIVE GREEN AND SAVE MONEY" topic. I have a great speaker planned and hope to cover that material in 30 minutes or less.
I will consider putting some time into my presentation that I gave last month on "HOW TO EXIT" a trade/investment. Perhaps a "YOUTUBE"! Anyone want to help me do that?
Have a great August and we'll SEE YOU IN SEPTEMBER!
In the mean time - here's an interesting link: www.THETRADINGPIT.net
We did not assemble a portfolio of ideas in the regular fashion - but I will note the ideas here for you to review/enjoy:
1. Walter Holder - Short Oil - Long James River Coal - Long AK Steel
2. Stan Katz - Long or Short EuroCurrency - So I suggested Short
3. Miriam Bakker - Short SPY @ 99.30 (using a 0.20 stop loss @ 99.50, but I suggested that at least an 11-day average daily true range of 1.50 points made more sense)
4. Tim West - I didn't go over my research that I brought to the meeting - so - I didn't even say that I'd choose Silver again - but here I go - Silver (long).
5. Ken McCue - Didn't get around the room to hear an idea from Ken.
6. Jordan Kerner - Gave a great overview of a real estate opportunity. As a lark, you could choose a hotel or extended stay reit with low leverage and southern geographical exposure.
Our next meeting will be in early September and will hopefully cover the "HOW TO LIVE GREEN AND SAVE MONEY" topic. I have a great speaker planned and hope to cover that material in 30 minutes or less.
I will consider putting some time into my presentation that I gave last month on "HOW TO EXIT" a trade/investment. Perhaps a "YOUTUBE"! Anyone want to help me do that?
Have a great August and we'll SEE YOU IN SEPTEMBER!
In the mean time - here's an interesting link: www.THETRADINGPIT.net
Friday, July 24, 2009
Portfolio up 4% in 1 Month (from June 24th Meeting to July 24th)
MEDX - Medarex is being taken over by Bristol Myers for $16 in cash. Robert Daries' idea generated a $30,000 return for our $1,000,000 portfolio. Congratulations Robert on a 15R profit for the portfolio! I have closed our portfolio positions at this time as it is 1 month from our last meeting. Next meeting will be announced soon -
Tim West 3:20PM Friday, July 24, 2009
Tim West 3:20PM Friday, July 24, 2009
Thursday, June 25, 2009
Westport Traders Network - Group Picks from June 24, 2005
http://spreadsheets.google.com/pub?key=p4P2Qbq7qqC1UZpy1VImeAw
Tim West presented on "How to GET OUT of Trades" using unique trend identification methods, time principles, psychological principles and his version of Market Profile.
The group picks totalled a whopping 21 ideas, so each position has a risk of $4762. Divide the $4762 by three times the 11-day average true range (ATR) to find your POSITION SIZE. The LARGEST position this month in dollars is Tom Murphy's Australian Dollar short position at (-$234,184) and the smallest position is Chris Besescheck's position of $4,762 of ACTC- Advanced Cell Tech. Other notable small dollar positions are Walter Holder's JRCC & AKS which total $17,204 and David Brandman's ETFC long & PALM short which toal $14,919. Position SIZE is important so that each idea has an equal LIKELY impact on the portfolio in terms of dollars at risk.
The equation for position size = [ $RISK /(3 X 11-day ATR)]
We manage a $1,000,000 hypothetical portfolio and we risk 10% per month.
We have 21 ideas this month, so $100,000 of risk spread across 21 ideas = $4762 per full idea. If you split your "idea" into two ideas, then your risk is $2381 per 1/2 idea. Now you have the methodology that you can apply to your own portfolio.
Our next meeting may include a GREEN presentation on "How to save money in your home using green technologies" - stay tuned !
Feel free to contact me at twest@compocapital.com
To contact Barbara Rockefeller - http://rts-forex.com and go to Amazon.com to order her books.
The next meeting will likely be at the end of July - the last Wednesday.
Tim West presented on "How to GET OUT of Trades" using unique trend identification methods, time principles, psychological principles and his version of Market Profile.
The group picks totalled a whopping 21 ideas, so each position has a risk of $4762. Divide the $4762 by three times the 11-day average true range (ATR) to find your POSITION SIZE. The LARGEST position this month in dollars is Tom Murphy's Australian Dollar short position at (-$234,184) and the smallest position is Chris Besescheck's position of $4,762 of ACTC- Advanced Cell Tech. Other notable small dollar positions are Walter Holder's JRCC & AKS which total $17,204 and David Brandman's ETFC long & PALM short which toal $14,919. Position SIZE is important so that each idea has an equal LIKELY impact on the portfolio in terms of dollars at risk.
The equation for position size = [ $RISK /(3 X 11-day ATR)]
We manage a $1,000,000 hypothetical portfolio and we risk 10% per month.
We have 21 ideas this month, so $100,000 of risk spread across 21 ideas = $4762 per full idea. If you split your "idea" into two ideas, then your risk is $2381 per 1/2 idea. Now you have the methodology that you can apply to your own portfolio.
Our next meeting may include a GREEN presentation on "How to save money in your home using green technologies" - stay tuned !
Feel free to contact me at twest@compocapital.com
To contact Barbara Rockefeller - http://rts-forex.com and go to Amazon.com to order her books.
The next meeting will likely be at the end of July - the last Wednesday.
Thursday, June 18, 2009
MEETING ANNOUNCEMENT - Wed, Jun 24, 2009 5:30PM
Bogey's Restaurant, Westport, CT
5:30PM Drinks
6:00PM Presentation on STOP PLACEMENT STRATEGIES by Tim West
DINNER A LA CARTE from Bogey's menu
6:30PM Round-Table Discussion/Collection of Portfolio Ideas
Please email twest@compocapital.com if you plan to attend -
We can only have 20 people comfortably at our meetings - so if we need more room then we'll have to find another location -
I look forward to seeing you next Wednesday, June 24, 2009 at Bogey's -
5:30PM Drinks
6:00PM Presentation on STOP PLACEMENT STRATEGIES by Tim West
DINNER A LA CARTE from Bogey's menu
6:30PM Round-Table Discussion/Collection of Portfolio Ideas
Please email twest@compocapital.com if you plan to attend -
We can only have 20 people comfortably at our meetings - so if we need more room then we'll have to find another location -
I look forward to seeing you next Wednesday, June 24, 2009 at Bogey's -
Tuesday, June 2, 2009
WTN Portfolio +3% since Thursday May 28th!
The link to the spreadsheet is in the next entry below - scroll down to view the portfolio.
Since it is all "longs" I may be able to enter a portfolio at "Marketcracy" so you can track it that way.
Since it is all "longs" I may be able to enter a portfolio at "Marketcracy" so you can track it that way.
Wednesday, May 27, 2009
WTN Portfolio +3.1% for Apr 23-May 27, +6.1% YTD
scroll down to find the spreadsheet link
http://spreadsheets.google.com/pub?key=p4P2Qbq7qqC1UZpy1VImeAw
Copy and Paste this into your window if the link does not work properly
Find the tab - Summary to see that we are up 51% from January 2008.
See you at the meeting -
Tim West
LASTLY - To save money on a new boiler for your home - please consider www.system2000.com - I have installed two of these and have saved 30% on my home fuel usage.
http://spreadsheets.google.com/pub?key=p4P2Qbq7qqC1UZpy1VImeAw
Copy and Paste this into your window if the link does not work properly
Find the tab - Summary to see that we are up 51% from January 2008.
See you at the meeting -
Tim West
LASTLY - To save money on a new boiler for your home - please consider www.system2000.com - I have installed two of these and have saved 30% on my home fuel usage.
Friday, May 22, 2009
NEXT MEETING - WED MAY 27 - 5:30PM
Greetings again from Tim:
WE ARE BETTER OFF WHEN WE SHARE (Our Philosophy)
THE MISSION: To share perspectives, experiences, and insights to help all of us make and save money in our portfolios.
Our meeting will be next week - on Wednesday, May 27th, which is 5 weeks from our last one. I had posted to the blog that we would be meeting this week, but since I didn't get the notice out last week to give you enough time to put this on your calendar, Mark and I decided to postpone the meeting to next week. Monday is Memorial Day, so I hope you all will be plenty relaxed and have thought endlessly about your next idea for the meeting.
Many thanks to all of you who came to the last meeting on April 22nd and shared their perspectives on markets, opportunities, risks, trends and ideas.
The ideas for the group are up for the year so far. Come to the meeting with your idea and if you don't have an idea - no worries. Feel free to comment on others and absorb the information.
I hope you can make it on May 27th at 5:30PM for drinks, 6:00PM for dinner/meeting upstairs at Bogey's Grill in Westport, CT.
WE ARE BETTER OFF WHEN WE SHARE (Our Philosophy)
THE MISSION: To share perspectives, experiences, and insights to help all of us make and save money in our portfolios.
Our meeting will be next week - on Wednesday, May 27th, which is 5 weeks from our last one. I had posted to the blog that we would be meeting this week, but since I didn't get the notice out last week to give you enough time to put this on your calendar, Mark and I decided to postpone the meeting to next week. Monday is Memorial Day, so I hope you all will be plenty relaxed and have thought endlessly about your next idea for the meeting.
Many thanks to all of you who came to the last meeting on April 22nd and shared their perspectives on markets, opportunities, risks, trends and ideas.
The ideas for the group are up for the year so far. Come to the meeting with your idea and if you don't have an idea - no worries. Feel free to comment on others and absorb the information.
I hope you can make it on May 27th at 5:30PM for drinks, 6:00PM for dinner/meeting upstairs at Bogey's Grill in Westport, CT.
Thursday, May 7, 2009
Updates to WTN Portfolio
There are updates to the portfolio that you may follow by subscribing to this website - scroll down to find the subscription link.
Tony Sanfilippo had added an SP500 long position to hedge his FXP position (which is a short of the Chinese Stock Market Index FXI). He banked that profit and utilized the $5000 gain to offset his current loss of $7000 in FXP. This allows him to increase his position from 1400 shares to 2400 shares and change the stop to $13.90, down from the original $15.70. Essentially, the hedge of long S&P500 helped save $5000, but now that $5000 is at risk here.
My SP500 trading strategy outlined at the meeting is chugging along with three (3) closed profitable trades of 1R or $7000 profit so far. As of now, Thursday at 11:38AM, the SPY is 1 Range (avg range over 11 days as of yesterday's close is $1.95)below today's high of 93.15 which provided an entry long at 91.20 and has a target to exit at 93.15 with a stop at 3 x 1.95 down from 91.20. It may seem unusual to risk 3 ranges to make 1 range, but that is how I set up the trade. For those of you who know me - silver is my favorite long term, fundamentally based position and as of April 22 it is up from $12.19/oz to over $14/oz with an average range of $0.33. This means that silver is up more than 5R or 5-ranges. Recall we risk 3R or 3-ranges when we enter any position. That R is calculated using the last 11 days of True Range. I can explain true range at our next meeting.
Overall, the portfolio is relatively quiet, with overall profitability very quiet and within $6000 either side of breakeven. With so many opinions on the short side of the overall equity market this month, we are doing well to just breakeven. Here's hoping you are all doing well and look forward to seeing you later this month at Bogey's Grill in Westport.
Tony Sanfilippo had added an SP500 long position to hedge his FXP position (which is a short of the Chinese Stock Market Index FXI). He banked that profit and utilized the $5000 gain to offset his current loss of $7000 in FXP. This allows him to increase his position from 1400 shares to 2400 shares and change the stop to $13.90, down from the original $15.70. Essentially, the hedge of long S&P500 helped save $5000, but now that $5000 is at risk here.
My SP500 trading strategy outlined at the meeting is chugging along with three (3) closed profitable trades of 1R or $7000 profit so far. As of now, Thursday at 11:38AM, the SPY is 1 Range (avg range over 11 days as of yesterday's close is $1.95)below today's high of 93.15 which provided an entry long at 91.20 and has a target to exit at 93.15 with a stop at 3 x 1.95 down from 91.20. It may seem unusual to risk 3 ranges to make 1 range, but that is how I set up the trade. For those of you who know me - silver is my favorite long term, fundamentally based position and as of April 22 it is up from $12.19/oz to over $14/oz with an average range of $0.33. This means that silver is up more than 5R or 5-ranges. Recall we risk 3R or 3-ranges when we enter any position. That R is calculated using the last 11 days of True Range. I can explain true range at our next meeting.
Overall, the portfolio is relatively quiet, with overall profitability very quiet and within $6000 either side of breakeven. With so many opinions on the short side of the overall equity market this month, we are doing well to just breakeven. Here's hoping you are all doing well and look forward to seeing you later this month at Bogey's Grill in Westport.
Monday, April 27, 2009
Meeting Summary for April 22, 2009
1) Spreadsheet is updated http://spreadsheets.google.com/pub?key=p4P2Qbq7qqC1UZpy1VImeAw
2) Tim's recommended websites http://www.financialsense.com and find Chris Puplova's commentary. Read them all at your earliest convenience. He has many charts that tell many stories you don't see in the regular media. Also, listen to the MP3's of his father Jim Puplova discussing trends, conversations with authors, etc.
Chris' comments http://www.financialsense.com/Market/cpuplava/archive.html
MP3's from their site: http://feeds.feedburner.com/fsn
David Tice on 4/25/09 is a great listen.
Thanks to all for coming and sharing your views and opinions. I strive to make it the most interesting meeting possible for me, which I hope will continue to translate into the same for you. There is so much potential from a group to make great decisions, and I am happy to offer a bottle of fine wine for the next winner with the best pick. I hope everyone has a big month. With 2 Citigroup long ideas and 2 or more SP500 short recommendations, we may have a very balanced month, and that is fine.
3) We pulled up a website www.mrci.com and pulled up a chart of the US Dollar Index from the following page http://www.mrci.com/pdf/charts.php (OR COPY & PASTE THIS INTO YOUR BROWSER)
4) We also looked at the high correlation of markets over 181 days also listed at this site - http://www.mrci.com/special/correl.htm (OR COPY & PASTE THIS INTO YOUR BROWSER)
5) We missed hearing directly from Tim Allabashi and how he sees the Australian Dollar doing better than the US Dollar because he feels the Aussies didn't get themselves into the same mess financially as we American's have. I hope we get around to you at the next meeting Tim Allabashi! We want to hear your ideas.
Review of ideas:
Ken McCue chose to short a rally in the ESM9 futures up to 870 (using Tim's 3 range stop). Target 760 & 750. Also go long at those two levels targeting 950 and 1000. Risk once long from 760 & 750 is the big question. How many R (avg ranges) do you wish to risk on that position?
Jim Sullivan chose to sit aside, but had the sense that crude oil would stay in a range from 35-50 for awhile now that the speculators (those who were long) appear to be out of the market. We could discuss selling options with a limited risk strategy at the next meeting as a way to profit from Jim's observation. Google "IRON CONDOR" to see that is selling a call spread and a put spread to take in premium, but to prevent a run-away loss if the market makes a run.
Ed Katz sees the market in a holding pattern until fall, then a rally. Thinks Pepsi (PEP) is a buy. They report earnings on May 16. (Tim's note - nice chart in that it is different from most other charts and seems to be at a support level at decent valuation too).
Tony Sanfilippo thinks it is a good idea to go short the Chinese market by buying the FXP exch-traded-fund which is double-short. He would like to protect profits by trailing his stop by 3R once a 5R profit target is reached.
Stan Katz sees the current administration's tactics as a negative and sees a market break into this October/fall and that people are "carried away with Obama". The money they are throwing at the banks is a bad thing. Short the Dow Jones Industrials.
Miriam Bakker had to depart prior to sharing her idea about airlines long vs Dow Jones short. We look forward to hearing more from Miriam at the next meeting. (This position is not in the portfolio as it needs to be aired to the group)
Pamela Grayson preferred to sit on the sidelines again while she formulates a great idea for us.
Robert Daries is bearish on stocks of insurance companies with write-downs as a main concern. To pick a value stock with potential though he chose Proctor & Gamble (PG) as a long against a short-sale of Sysco (SYY) the food distributor.
Ilene Rogers is also not a fan of what the Gov't is doing and thinks that interest rates will be much higher in the future. She admits she is afraid of fighting the Fed here but thinks we'll need higher interest rates to attract buyers to get the auctions done. 1 trillion to 2 trillion is a lot of new money to raise in a year. Buy TBT which is a double-levered etf that goes up in value when Treasury Bonds (20 year) fall in price.
Kueun Choi is a bull on Citigroup due to its Gov't ownership and likely continued support from the Gov't to keep it afloat. Buy Citigroup on Thursday's close 4/23 to buy just in advance of the release of the "stress test" results. $1.75/sh stop loss please.
Rick Jaffe saw an opportunity to own JAVA (Sun Microsystems) shares at a discount to the $9.50 all cash offer from Oracle. With the stock at $9.16 there is a small profit sitting there and there is a chance that another company may pay up for JAVA. (Tim's note, maximum 10% of our $1 million in any 1 stock)
Peter More (spelling?) joined the group and shared his concern about the overall stock market. He recommends selling short the SP500. He sees a retracement of the recent rally that will send the market down.
Kempton Coady recommends Citigroup using a $1.00/sh stop loss. He also says the Gov't will not let it fail, so you can overlook the fact that Citigroup may be bad fundamentally (or even insolvent). Kempton mentioned he had already timed an entry into Citigroup on the long side after seeing the trade set up with near zero borrowing costs with Warren Buffet in agreement, a toxic asset program was in the works and Bernanke in full support. Nice job Kempton - feel free to post ideas directly to this BLOG next time :-)
Mark Juviler suggested shorting the EuroCurrency and going long the Agricultural etf DBA.
Tim West passed on buying silver (a big mistake already) despite many side-comments from the crowd ---- and decided to establish a trading strategy for the S&P500 instead. Tim suggests buying 1R dips in price, risking 3R from there and exiting at a 1R profit. Then repeat the process. This method will do well in a sideways or choppy market, which is likely after such a strong, directional advance that the market has had since the 25% gain from the March low.
The meeting ended at close to 9PM and we look forward to seeing you again next month.
I didn't get around to bringing my new dart board and darts in to pick a random portfolio - and I didn't nail down the date of the next meeting, which I'll assume with be the third Wed in May. Remember, the winner gets a bottle of red or white fine wine from my collection. I'll bring 1 of each - the winner can choose.
Last month the winner was Channing Allen with his Home Depot & Target longs. He surmised that the employment situation wasn't as bad as most had thought and that there was upside potential in the market. Nice job Casey - on your 2nd WIN!
Feel free to post any replies to this commentary or email me directly at twest@compocapital.com
Cheers!
Tim West
2) Tim's recommended websites http://www.financialsense.com and find Chris Puplova's commentary. Read them all at your earliest convenience. He has many charts that tell many stories you don't see in the regular media. Also, listen to the MP3's of his father Jim Puplova discussing trends, conversations with authors, etc.
Chris' comments http://www.financialsense.com/Market/cpuplava/archive.html
MP3's from their site: http://feeds.feedburner.com/fsn
David Tice on 4/25/09 is a great listen.
Thanks to all for coming and sharing your views and opinions. I strive to make it the most interesting meeting possible for me, which I hope will continue to translate into the same for you. There is so much potential from a group to make great decisions, and I am happy to offer a bottle of fine wine for the next winner with the best pick. I hope everyone has a big month. With 2 Citigroup long ideas and 2 or more SP500 short recommendations, we may have a very balanced month, and that is fine.
3) We pulled up a website www.mrci.com and pulled up a chart of the US Dollar Index from the following page http://www.mrci.com/pdf/charts.php (OR COPY & PASTE THIS INTO YOUR BROWSER)
4) We also looked at the high correlation of markets over 181 days also listed at this site - http://www.mrci.com/special/correl.htm (OR COPY & PASTE THIS INTO YOUR BROWSER)
5) We missed hearing directly from Tim Allabashi and how he sees the Australian Dollar doing better than the US Dollar because he feels the Aussies didn't get themselves into the same mess financially as we American's have. I hope we get around to you at the next meeting Tim Allabashi! We want to hear your ideas.
Review of ideas:
Ken McCue chose to short a rally in the ESM9 futures up to 870 (using Tim's 3 range stop). Target 760 & 750. Also go long at those two levels targeting 950 and 1000. Risk once long from 760 & 750 is the big question. How many R (avg ranges) do you wish to risk on that position?
Jim Sullivan chose to sit aside, but had the sense that crude oil would stay in a range from 35-50 for awhile now that the speculators (those who were long) appear to be out of the market. We could discuss selling options with a limited risk strategy at the next meeting as a way to profit from Jim's observation. Google "IRON CONDOR" to see that is selling a call spread and a put spread to take in premium, but to prevent a run-away loss if the market makes a run.
Ed Katz sees the market in a holding pattern until fall, then a rally. Thinks Pepsi (PEP) is a buy. They report earnings on May 16. (Tim's note - nice chart in that it is different from most other charts and seems to be at a support level at decent valuation too).
Tony Sanfilippo thinks it is a good idea to go short the Chinese market by buying the FXP exch-traded-fund which is double-short. He would like to protect profits by trailing his stop by 3R once a 5R profit target is reached.
Stan Katz sees the current administration's tactics as a negative and sees a market break into this October/fall and that people are "carried away with Obama". The money they are throwing at the banks is a bad thing. Short the Dow Jones Industrials.
Miriam Bakker had to depart prior to sharing her idea about airlines long vs Dow Jones short. We look forward to hearing more from Miriam at the next meeting. (This position is not in the portfolio as it needs to be aired to the group)
Pamela Grayson preferred to sit on the sidelines again while she formulates a great idea for us.
Robert Daries is bearish on stocks of insurance companies with write-downs as a main concern. To pick a value stock with potential though he chose Proctor & Gamble (PG) as a long against a short-sale of Sysco (SYY) the food distributor.
Ilene Rogers is also not a fan of what the Gov't is doing and thinks that interest rates will be much higher in the future. She admits she is afraid of fighting the Fed here but thinks we'll need higher interest rates to attract buyers to get the auctions done. 1 trillion to 2 trillion is a lot of new money to raise in a year. Buy TBT which is a double-levered etf that goes up in value when Treasury Bonds (20 year) fall in price.
Kueun Choi is a bull on Citigroup due to its Gov't ownership and likely continued support from the Gov't to keep it afloat. Buy Citigroup on Thursday's close 4/23 to buy just in advance of the release of the "stress test" results. $1.75/sh stop loss please.
Rick Jaffe saw an opportunity to own JAVA (Sun Microsystems) shares at a discount to the $9.50 all cash offer from Oracle. With the stock at $9.16 there is a small profit sitting there and there is a chance that another company may pay up for JAVA. (Tim's note, maximum 10% of our $1 million in any 1 stock)
Peter More (spelling?) joined the group and shared his concern about the overall stock market. He recommends selling short the SP500. He sees a retracement of the recent rally that will send the market down.
Kempton Coady recommends Citigroup using a $1.00/sh stop loss. He also says the Gov't will not let it fail, so you can overlook the fact that Citigroup may be bad fundamentally (or even insolvent). Kempton mentioned he had already timed an entry into Citigroup on the long side after seeing the trade set up with near zero borrowing costs with Warren Buffet in agreement, a toxic asset program was in the works and Bernanke in full support. Nice job Kempton - feel free to post ideas directly to this BLOG next time :-)
Mark Juviler suggested shorting the EuroCurrency and going long the Agricultural etf DBA.
Tim West passed on buying silver (a big mistake already) despite many side-comments from the crowd ---- and decided to establish a trading strategy for the S&P500 instead. Tim suggests buying 1R dips in price, risking 3R from there and exiting at a 1R profit. Then repeat the process. This method will do well in a sideways or choppy market, which is likely after such a strong, directional advance that the market has had since the 25% gain from the March low.
The meeting ended at close to 9PM and we look forward to seeing you again next month.
I didn't get around to bringing my new dart board and darts in to pick a random portfolio - and I didn't nail down the date of the next meeting, which I'll assume with be the third Wed in May. Remember, the winner gets a bottle of red or white fine wine from my collection. I'll bring 1 of each - the winner can choose.
Last month the winner was Channing Allen with his Home Depot & Target longs. He surmised that the employment situation wasn't as bad as most had thought and that there was upside potential in the market. Nice job Casey - on your 2nd WIN!
Feel free to post any replies to this commentary or email me directly at twest@compocapital.com
Cheers!
Tim West
Tuesday, April 7, 2009
Next Meeting Wed, April 22nd, 5:30PM Arrive, 6:00PM meeting
The spreadsheet has been updated as of moments ago (2:19PM Tuesday, April 7th).
Next week is vacation week for local area schools so we are going to meet the following Wednesday, April 22nd at Bogey's Grill in Westport, CT.
I will send out an eVite announcement tomorrow (2 weeks ahead) and a reminder again next Wednesday (1 week ahead).
We will be discussing "automated trading strategies" and our "regular round table" discussion to find emerging trends and opportunities. The account is quiet so far this month, down $17K or 1.7%. We are still up for 2009 and are up nearly 50% from Jan 1, 2008 (15 months).
We look forward to seeing you at the next meeting -
Best regards,
Timothy R. West
Next week is vacation week for local area schools so we are going to meet the following Wednesday, April 22nd at Bogey's Grill in Westport, CT.
I will send out an eVite announcement tomorrow (2 weeks ahead) and a reminder again next Wednesday (1 week ahead).
We will be discussing "automated trading strategies" and our "regular round table" discussion to find emerging trends and opportunities. The account is quiet so far this month, down $17K or 1.7%. We are still up for 2009 and are up nearly 50% from Jan 1, 2008 (15 months).
We look forward to seeing you at the next meeting -
Best regards,
Timothy R. West
Monday, March 9, 2009
Next Meeting Wed, March 18th, 5:30PM drinks, 6PM Meeting
Greetings again from Timothy R. West:
WE ARE BETTER OFF WHEN WE SHARE (Our Philosophy)
THE MISSION: To share perspectives, experiences, and insights to help all of us make and save money in our portfolios.
Our next meeting will be Wednesday, March 18, which is 5 weeks from our last one. We decided to move the meeting back a week to allow at least two weeks of spacing.
Many thanks to all of you who came to the last meeting on Feb 11th and shared their in-depth perspectives on world markets, opportunities, risks, trends and ideas. Many thanks to our iPhones (Tim's and Walter's) we were able to connect to stock and index charts on Bloomberg.com and view what each idea looked like and to review basic fundamental data. Feel free to print up information in advance.
http://spreadsheets.google.com/pub?key=p4P2Qbq7qqC1UZpy1VImeAw
THE LINK ABOVE IS THE SPREADSHEET OF OUR PICKS AND THE PORTFOLIO stored at Google Docs (http://docs.google.com)
As a quick update - The Portfolio of picks is down 1% as I type after being down 2%. Several ideas were stopped out, including Russia & SP500 long positions, and Natural Gas and a bank stock. However, we are up more than 6% for the year so far even though the SP500 is already down 24%.
Come to the meeting with your idea and if you don't have an idea - no worries. Feel free to comment on others and absorb the information.
DART BOARD PORTFOLIO - Here's what I did to get the "dartboard portfolio" going - I had my 9 year old daughter circle 5 stock symbols with a black pen and 5 with a red pen from a piece of paper where I had put all 500 symbols. The longs are black, the shorts are red. We'll see how she does. I'll have to publish the picks for all to see - we can even debate how to construct the dart board portfolio. I will bring my new dart board to the meeting.
I would like to continue to spend some time on charts that I think are interesting to show the group. I think I have many ideas that will help us all make money now and in the years ahead.
Regarding our EXTRA meeting last Wednesday on AUTOMATED SYSTEMS TRADING
- I want to especially thank Tom Murphy for bringing his wireless card so we could connect to the internet. Thanks of course to Mark for setting up the connection. We had 17 people hear Mark Juviler discuss the important elements of a trading system. If you would like a copy of the slide presentation, please email Mark at mjuviler@compocapital.com to request it. We were able to log in to our trading server to display NinjaTrader to the group and to discuss a variety of topics which we can expand on at future meetings.
I hope you can make it on March 18th at 5:30PM for drinks, 6:00PM for dinner/meeting upstairs at Bogey's Grill in Westport, CT.
WE ARE BETTER OFF WHEN WE SHARE (Our Philosophy)
THE MISSION: To share perspectives, experiences, and insights to help all of us make and save money in our portfolios.
Our next meeting will be Wednesday, March 18, which is 5 weeks from our last one. We decided to move the meeting back a week to allow at least two weeks of spacing.
Many thanks to all of you who came to the last meeting on Feb 11th and shared their in-depth perspectives on world markets, opportunities, risks, trends and ideas. Many thanks to our iPhones (Tim's and Walter's) we were able to connect to stock and index charts on Bloomberg.com and view what each idea looked like and to review basic fundamental data. Feel free to print up information in advance.
http://spreadsheets.google.com/pub?key=p4P2Qbq7qqC1UZpy1VImeAw
THE LINK ABOVE IS THE SPREADSHEET OF OUR PICKS AND THE PORTFOLIO stored at Google Docs (http://docs.google.com)
As a quick update - The Portfolio of picks is down 1% as I type after being down 2%. Several ideas were stopped out, including Russia & SP500 long positions, and Natural Gas and a bank stock. However, we are up more than 6% for the year so far even though the SP500 is already down 24%.
Come to the meeting with your idea and if you don't have an idea - no worries. Feel free to comment on others and absorb the information.
DART BOARD PORTFOLIO - Here's what I did to get the "dartboard portfolio" going - I had my 9 year old daughter circle 5 stock symbols with a black pen and 5 with a red pen from a piece of paper where I had put all 500 symbols. The longs are black, the shorts are red. We'll see how she does. I'll have to publish the picks for all to see - we can even debate how to construct the dart board portfolio. I will bring my new dart board to the meeting.
I would like to continue to spend some time on charts that I think are interesting to show the group. I think I have many ideas that will help us all make money now and in the years ahead.
Regarding our EXTRA meeting last Wednesday on AUTOMATED SYSTEMS TRADING
- I want to especially thank Tom Murphy for bringing his wireless card so we could connect to the internet. Thanks of course to Mark for setting up the connection. We had 17 people hear Mark Juviler discuss the important elements of a trading system. If you would like a copy of the slide presentation, please email Mark at mjuviler@compocapital.com to request it. We were able to log in to our trading server to display NinjaTrader to the group and to discuss a variety of topics which we can expand on at future meetings.
I hope you can make it on March 18th at 5:30PM for drinks, 6:00PM for dinner/meeting upstairs at Bogey's Grill in Westport, CT.
Friday, March 6, 2009
Automated Trading Systems Meeting - Wed March 4th - 7pm
Bogart Room - Bogey's Restaurant - Westport CT 06880
Greetings from Tim:
I would like to invite you to a presentation and then have a general discussion on the topic of AUTOMATED TRADING SYSTEMS. If you don't know what an AUTOMATED TRADING SYSTEM is, then by the time the meeting ends you will have learned something new.
Mark Juviler will be leading us through what he has learned from writing code for programs like Tradestation and NinjaTrader over the past three years. Mark has been programming and working in the computer software business for over twenty years and he will be sharing his knowledge with you.
I have been designing filters and trading systems since 1990 when I was the "secret weapon" on S.G. Warburg's Institutional Equity Trading Desk putting out technically based (with fundamental aspects) short term trading ideas. I published as "Technical Tim" for nearly four years using powerful computers to screen and sort to find ideas suitable for our proprietary portfolio and for our institutional and hedge fund clients. There is a tremendous amount of information to share with you that hopefully I can translate into ACTIONABLE TRADING STRATEGIES ((at future meetings)).
Perhaps we can even design a trading system or two while we are together and backtest it to show you the hypothetical results, then determine what we do next with it.
Tim
Greetings from Tim:
I would like to invite you to a presentation and then have a general discussion on the topic of AUTOMATED TRADING SYSTEMS. If you don't know what an AUTOMATED TRADING SYSTEM is, then by the time the meeting ends you will have learned something new.
Mark Juviler will be leading us through what he has learned from writing code for programs like Tradestation and NinjaTrader over the past three years. Mark has been programming and working in the computer software business for over twenty years and he will be sharing his knowledge with you.
I have been designing filters and trading systems since 1990 when I was the "secret weapon" on S.G. Warburg's Institutional Equity Trading Desk putting out technically based (with fundamental aspects) short term trading ideas. I published as "Technical Tim" for nearly four years using powerful computers to screen and sort to find ideas suitable for our proprietary portfolio and for our institutional and hedge fund clients. There is a tremendous amount of information to share with you that hopefully I can translate into ACTIONABLE TRADING STRATEGIES ((at future meetings)).
Perhaps we can even design a trading system or two while we are together and backtest it to show you the hypothetical results, then determine what we do next with it.
Tim
Monday, February 9, 2009
TRENDS: Education and the Future of Technology
If you are 1 in a million in China, there are 1,300 people just like you. China will soon become the #1 English speaking country in the world. The 25% of India's population with the highest IQ's is greater than the total population of the United States. TRANSLATION - India has more HONORS kids than America HAS kids. The Top 10 IN-DEMAND jobs in 2010 did not exist in 2004. We are currently preparing students for jobs that don't yet exist...using technologies that haven't been invented...in order to solve problems we don't even know are problems yet. The U.S. Dept of Labor estimates that today's learner will have 10-14 jobs... by the age of 38.
1 in 4 workers has been with their current employer for less than 1 year...1 in 2 has been there less than five years. 1 out of 8 couples married in the U.S. last year met online.
There are over 200 million registered users of MySpace. If MySpace were a country, it would be the 5th-largest in the world (between Indonesia and Brazil)
The #1 ranked country in Broadband Internet Pentration is ... BERMUDA. #19 The United States. #22 Japan.
We are living in EXPONENTIAL TIMESThere are 31 billion GOOGLE searches every month. In 2006, this # was 2.7 billion. To whom were these questions addressed B.G.? (Before Google).
The first commercial text message was sent in December of 1992. Today, the # of text mssgs sent and received everyday, excees the total population of the planet. Years it took to reach an audience of 50 million: Radio 38 years. TV 13 years. Internet 4 years. iPod 3 years. Facebook 2 years.
The # of internet devices in 1984, 1,000. The # in 1992, 501,000. The # in 2008 1,000,000,000
There are 540,000 words in the English language, 5X as many as during Shakespeare's time.
It is estimated that a week's worth of the New York Times contains more information than a person was likely to come acrsoss in a lifetime in the 18th century.
It is estimated that 4 exabytes (4.0x10^19) of unique information will be generated this year. That is more than the previous 5,000 years. The amount of new technical information is doubling every 2 years... for students starting a 4 year technical degree this means that...half of what they learn in their first year of study will be outdated by their third year of study.
NTT Japan has successfully tested a fiber optic cable... that pushes 14 trillion bits per second down a single strand of fiber... that is 2,660 CDs or 210 million phone calls every second. It is currently tripling every six months and is expected to do so for the next 20 years. By 2013, a supercomputer will be built that exceeds the computational capabilities of the human brain. Predictions are that by 2049, a $1000 computer will exceed the compuational capabilities of the entire human species.
In less than 5 minutes - 67 babies were born in the US, 274 babies were born in China, 395 babies were born in India
SO WHAT DOES IT ALL MEAN?(source: FLIXXY.com, Education and the Future of Technology)
Thank you Tony for emailing me the link to this information - I imagine a few of us will have some comments and insights into what this all means - I'll have a printout of this for you at the meeting to take home and discuss with your kids and family.
All the best,
Tim
1 in 4 workers has been with their current employer for less than 1 year...1 in 2 has been there less than five years. 1 out of 8 couples married in the U.S. last year met online.
There are over 200 million registered users of MySpace. If MySpace were a country, it would be the 5th-largest in the world (between Indonesia and Brazil)
The #1 ranked country in Broadband Internet Pentration is ... BERMUDA. #19 The United States. #22 Japan.
We are living in EXPONENTIAL TIMESThere are 31 billion GOOGLE searches every month. In 2006, this # was 2.7 billion. To whom were these questions addressed B.G.? (Before Google).
The first commercial text message was sent in December of 1992. Today, the # of text mssgs sent and received everyday, excees the total population of the planet. Years it took to reach an audience of 50 million: Radio 38 years. TV 13 years. Internet 4 years. iPod 3 years. Facebook 2 years.
The # of internet devices in 1984, 1,000. The # in 1992, 501,000. The # in 2008 1,000,000,000
There are 540,000 words in the English language, 5X as many as during Shakespeare's time.
It is estimated that a week's worth of the New York Times contains more information than a person was likely to come acrsoss in a lifetime in the 18th century.
It is estimated that 4 exabytes (4.0x10^19) of unique information will be generated this year. That is more than the previous 5,000 years. The amount of new technical information is doubling every 2 years... for students starting a 4 year technical degree this means that...half of what they learn in their first year of study will be outdated by their third year of study.
NTT Japan has successfully tested a fiber optic cable... that pushes 14 trillion bits per second down a single strand of fiber... that is 2,660 CDs or 210 million phone calls every second. It is currently tripling every six months and is expected to do so for the next 20 years. By 2013, a supercomputer will be built that exceeds the computational capabilities of the human brain. Predictions are that by 2049, a $1000 computer will exceed the compuational capabilities of the entire human species.
In less than 5 minutes - 67 babies were born in the US, 274 babies were born in China, 395 babies were born in India
SO WHAT DOES IT ALL MEAN?(source: FLIXXY.com, Education and the Future of Technology)
Thank you Tony for emailing me the link to this information - I imagine a few of us will have some comments and insights into what this all means - I'll have a printout of this for you at the meeting to take home and discuss with your kids and family.
All the best,
Tim
Wednesday, January 28, 2009
Monday, January 26, 2009
Monday, January 12, 2009
Next Meeting - Wed, January 14, 2008 - 5:30PM
Greetings from Tim!
For those of you who didn't make the December meeting, I announced the good news that our 7th Grade Football team, the Aspetuck Wildcats, won the National Champtionship title! Thank you for your support!!
For those of you who came to last month's meeting - THANK YOU! Everyone made a great effort to increase the wealth of knowledge of the group. Many thanks again go to Mark Juviler who headed up the last meeting and connected us to the web with his laptop so we could all review charts of each idea or market presented.
At the meeting we reviewed the following:
1. Portfolio performance (hypothetical) for the month and year. Another "up" month and a big up year = up over $400,000 in profits on the $1,000,000 hypothetical portfolio. I discussed leveraging this return 2:1 to show an 80% return.
2. Reviewed the methodology of how to size each position
3. Reviewed how to measure risk and how to place a stop.
4. Announced the winner of last month's contest: Bill Green
5. We showed you how you can access the website to see the spreadsheet of ideas. Here it is again http://westporttradersnetwork.blogspot.com
6. We collected ideas around the room to assemble the model portfolio for Dec-Jan.
7. Pierce Onthank updated us on AEGG (American Energy Group). Business appears to be going well.
The GROUP portfolio was up OVER 40% for 2008! THE AWARD TO THE WINNER from the November competition was ..... drum roll.... Bill Green. Bill chose a collection of automobile stocks due to their oversold prices and potential Gov't support. CONGRATULATIONS BILL!
Some have suggested we do a "dartboard portfolio" - For those who come early and have drinks from 5:30 to 6:00 before dinner upstairs at 6:00, we'll shoot darts at a list of stocks, 5 longs, 5 shorts.
Remember the mission of the group is for us all to share our perspective, experience, and insights to help all of us make money in our portfolios and/or to save money. WE ALL ARE BETTER OFF WHEN WE SHARE!
Lastly, I have a speaker planned to come show us how to use KNOBIAS (review for yourself at www.knobias.com) He'll present to us how to use their software after he sees how our meeting goes so it will be tailor fit to what we are doing. If you would like to present something to the group, let me know and we'll arrange it. SEE YOU JANUARY 14 - The meeting is a week earlier than expected due to a business trip the following week. I didn't want to wait until Jan 28 to meet, so I hope you can make it on January 14th at 5:30PM at Bogey's Grill in Westport, CT.
Happy New Year!
Tim
For those of you who didn't make the December meeting, I announced the good news that our 7th Grade Football team, the Aspetuck Wildcats, won the National Champtionship title! Thank you for your support!!
For those of you who came to last month's meeting - THANK YOU! Everyone made a great effort to increase the wealth of knowledge of the group. Many thanks again go to Mark Juviler who headed up the last meeting and connected us to the web with his laptop so we could all review charts of each idea or market presented.
At the meeting we reviewed the following:
1. Portfolio performance (hypothetical) for the month and year. Another "up" month and a big up year = up over $400,000 in profits on the $1,000,000 hypothetical portfolio. I discussed leveraging this return 2:1 to show an 80% return.
2. Reviewed the methodology of how to size each position
3. Reviewed how to measure risk and how to place a stop.
4. Announced the winner of last month's contest: Bill Green
5. We showed you how you can access the website to see the spreadsheet of ideas. Here it is again http://westporttradersnetwork.blogspot.com
6. We collected ideas around the room to assemble the model portfolio for Dec-Jan.
7. Pierce Onthank updated us on AEGG (American Energy Group). Business appears to be going well.
The GROUP portfolio was up OVER 40% for 2008! THE AWARD TO THE WINNER from the November competition was ..... drum roll.... Bill Green. Bill chose a collection of automobile stocks due to their oversold prices and potential Gov't support. CONGRATULATIONS BILL!
Some have suggested we do a "dartboard portfolio" - For those who come early and have drinks from 5:30 to 6:00 before dinner upstairs at 6:00, we'll shoot darts at a list of stocks, 5 longs, 5 shorts.
Remember the mission of the group is for us all to share our perspective, experience, and insights to help all of us make money in our portfolios and/or to save money. WE ALL ARE BETTER OFF WHEN WE SHARE!
Lastly, I have a speaker planned to come show us how to use KNOBIAS (review for yourself at www.knobias.com) He'll present to us how to use their software after he sees how our meeting goes so it will be tailor fit to what we are doing. If you would like to present something to the group, let me know and we'll arrange it. SEE YOU JANUARY 14 - The meeting is a week earlier than expected due to a business trip the following week. I didn't want to wait until Jan 28 to meet, so I hope you can make it on January 14th at 5:30PM at Bogey's Grill in Westport, CT.
Happy New Year!
Tim
Subscribe to:
Posts (Atom)
Posts
