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
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