Hi Pete, Re: culling some stocks from PIC......
I think your idea is a good one. Let's "sell" all of ERICY, LEG, MKL, PLAB, SCH, TLAB, VOL, VPI and ZQK and take the cash and equity sales proceeds and put them into a new holding. We'll call this new holding "CASH_" and put in 10 shares at $1/share and the remainder into the cash reserve for that stock. This account would currently be worth about $110,000.
So, then all the cash from close outs would go to this part of Newport. Any time we buy a new issue, like ROST, we'll take cash from the CASH_ account by using the TRADE window and the REDUCE CASH feature. We'd be reducing it by $10,000 since that's what our initial positions always are.
I also like the idea of backdating the transactions to the beginning of 2004 for all new investments we've made this year. That would reduce the total in the CASH_ holding to a more reasonable level.
This should also help to cut down on your workload as we'd have final close-out images of those nine stocks. Then next week you would have that number fewer issues to review.
In the future, as any of the remaining stocks reach a point where their 3-5 year potentials drop to below what is acceptable, we'll cull those as well and feed the CASH_ account.
Let me know if this is okay. I'll finalize the culled stocks and footnote everything in the HTML page if you'd like.
Best regards,
Tom
Port Washington, WI 53074