FinancialAdvisor's College Class (FACC)

[FinancialAdvisor]

*Paper Trading 101 'Million Dollar' Portfolio Update...

Total Account Value: $971,155 (-16470/-1.67% since the weekend update)
Total Cash Available: $356,905 (36.75% of total portfolio)

Current Holdings @ 05.25 closing prices:
USPIX: 35000 @ 17.55 = $614,250
TOTAL HOLDINGS: $614,250


*Current thoughts: I strongly believe that many equities will get hit when the market begins to enter it's next decline which I expect to have some force. I believe 2040 is a key level to the downside on the Nasdaq Composite. When it is broke with conviction, I feel a test of the next fib level at 2005 or perhaps the psychological 2000 level would be imminent, I can't say that I see much support below that level, thus a healthy position in USPIX at this time is extremely feasible to me.

At the same time, the 36.75% portfolio position in cash is large and enough to combat a move in either direction. Obviously the only position at the moment within the portfolio is the USPIX, through this imaginary portfolio that started with 1 million dollars, one can begin to see where I lean in the markets.

Currently I believe a position of USPIX is much better then cash. And the cash position is kept because I believe a great mass of equities will soon falter with the markets, and a great buy opportunity will come in the best of equities which are fundamental steals, and which were caught in the midst of a broader market panic decline.

What sectors will predominantly be buys upon a short-term "panic?" I'm basically watching precious metals, oils, and alternative energies as far as where a lot of what I believe are fundamental steals exist and will be strong buys upon a broad market sell-off. Besides those sectors, I see a sprinkle of stocks in just about every corner of the market, but those sectors are especially favored because they are potentially able to trade on their own strength after the smoke clears whereas the broader markets would enter a bear with conviction if my forecasts are correct.


Trades Log:
05.26.2005 - TOTAL cash availabe to this point: $356,905
05.25.2005 - sold GBN: 6000 @ $.86 = (+)$5,160 - $10 (+5,150) #msg-6467513
05.25.2005 - sold GRZ: 11000 @ $2.91 = (+)$32,010 - $10 (+$32,000) #msg-6467378
05.23.2005 - sold PRCS: 10000 @ $.69 = (+)$6,900 - $10 (+$6,890) #msg-6443816
05.23.2005 - bought USPIX: 15000 @ 17.50 = (-)$262,500 + $10 (-$262,510) #msg-6441631
05.23.2005 - sold BCGI: 5000 @ $1.92 = (+)$9,600 - $10 (+$9,590) #msg-6439207
05.21.2005 - TOTAL cash avilable to this point: $565,785 with thoughts #msg-6425983
05.18.2005 - bought BCGI: 5000 @ 5.13 = (-)$25,650 + $10 #msg-6389526
05.18.2005 - bought GBN: 6000 @ .82 = (-)$4,920 + $10 #msg-6388340
05.18.2005 - bought USPIX: 17500 @ 18.10 = (-)$316,750 + $10 #msg-6388007
05.18.2005 - bought GRZ: 11000 @ 3.06 = (-)$33,660 + $10 #msg-6387279
05.17.2005 - bought PRCS: 10000 @ .675 = (-)$6,750 + $10 #msg-6373442
05.17.2005 - bought USPIX: 2500 @ 18.57 = (-)$46,425 + $10 #msg-6373149


*05.17.2005 - Rules of engagement for the 'Million Dollar' "LONG ONLY" portfolio: #msg-6366911