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portefeuille (99.60)

Germany

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9

January 19, 2012 – Comments (19)

German stocks or ETFs are now four of the current top ten positions of my "fund" (see here).

largest long positions (USD).

EMC, 1598040.00.
DSCO, 960050.00.
VOW:GY, 348042.66.
ALGETA:NO, 330149.57.
XDAX:GY, 272645.30.
MDAXEX:GY, 269625.15.
SVNT, 227700.00.
ATPG, 199260.00.
PAH3:GY, 163311.48.
SQNM, 161350.00.

The large European equity positions have not kept to fund from rising around 27% since its initiation (March 8, 2010), hehe ...

 

19 Comments – Post Your Own

#1) On January 19, 2012 at 9:33 PM, portefeuille (99.60) wrote:

DAX.



enlarge

 



enlarge

 

MDAX.



enlarge

 



enlarge

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#2) On January 19, 2012 at 11:48 PM, Mega (99.96) wrote:

Too bad Warsteiner is private...

 

 

Kind of hard for a "value" investor to pull the trigger on Volkswagen after it's moved up 300% in the last 3 years. But it could still be cheap.

Any thoughts on BASF or Wacker?  Or Software?

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#3) On January 20, 2012 at 12:01 AM, portefeuille (99.60) wrote:

BAS:GY is one of the largest fund positions, SOW:GY is one of the smaller ones. 

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#4) On January 20, 2012 at 12:18 AM, Mega (99.96) wrote:

Have you ever written about Porsche?  Is it trading at a substantial discount to the value of its stake in Volkswagen?  Because at first glance it looks incredibly cheap.

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#5) On January 20, 2012 at 12:41 AM, portefeuille (99.60) wrote:

http://caps.fool.com/Blogs/porsche/481871

yes, those lawsuits are not helpful ... 

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#6) On January 20, 2012 at 1:18 AM, awallejr (81.55) wrote:

That beer picture in #2 is oh so enticing.

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#7) On January 20, 2012 at 1:29 AM, portefeuille (99.60) wrote:

to fund

the fund 

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#8) On January 20, 2012 at 8:30 AM, lemoneater (78.14) wrote:

@ #6 The pretzel is what I want :)

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#9) On January 20, 2012 at 2:37 PM, portefeuille (99.60) wrote:

are now

feature

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#10) On January 20, 2012 at 4:14 PM, EnigmaDude (89.37) wrote:

Lemoneater - I did not even notice the pretzel until I read your comment!

porte - is that your castle?

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#11) On January 20, 2012 at 6:21 PM, portefeuille (99.60) wrote:

porte - is that your castle?

No, it was his castle.



enlarge

 

www.google.com/search?q=schloß+neuschwanstein&tbm=isch

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#12) On January 21, 2012 at 8:10 PM, portefeuille (99.60) wrote:

update (see here).

largest long positions (USD).

EMC, 1557750.00.
DSCO, 969150.00.
VOW:GY, 348117.56.
ALGETA:NO, 320458.76.
XDAX:GY, 271523.16.
MDAXEX:GY, 267772.59.
SVNT, 217800.00.
ATPG, 200880.00.
PAH3:GY, 161544.97.
SQNM, 152600.00.

 

largest gains (USD).

FOLD, 277315.20.
VMW, 222521.00.
ANTH, 214899.00.
VOW:GY, 192578.32.
MNTA, 176653.50.
INHX, 152062.50.
EMC, 130448.40.
EXEL, 105560.70.
ANDS, 104939.00.
PBTH, 96846.84.
AAPL, 84670.25.

 

largest losses (USD).

SPY, 866043.00.
DSCO, 356925.78.
SVNT, 106534.00.
CBK:GY, 97917.18.
MRNAD, 89346.46.
ATPG, 57411.00.
IWM, 57150.00.
ECX:GY, 54142.87.
ALGETA:NO, 45872.75.
HGSI, 33166.20.

 

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#13) On January 21, 2012 at 8:14 PM, portefeuille (99.60) wrote:

#12 I think CBK:GY will "recover" and the ECX:GY position has lost a little less than the EXAS position has gained. That loss might be considered to some degree "hedging cost" ...

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#14) On January 21, 2012 at 8:36 PM, Mega (99.96) wrote:

http://www.ft.com/intl/cms/s/0/b4e163e0-4282-11e1-97b1-00144feab49a.html#axzz1k8BM082J

"Germany’s second-largest bank by assets said it had already plugged €3bn of a €5.3bn gap identified by the European Banking Authority."

That's good.

"The bank said the plan assumed no further escalation of the sovereign debt crisis – the main reason for the capital gap identified by the EBA."

That's not so good.

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#15) On January 21, 2012 at 8:39 PM, portefeuille (99.60) wrote:

That's not so good.

That's obvious.

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#16) On January 21, 2012 at 8:42 PM, portefeuille (99.60) wrote:

#15 January 19, 2012, Stress test of the European Banking Authority (EBA) - Presentation for analysts - Commerzbank well underway to fulfil EBA requirement (pdf)

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#17) On January 21, 2012 at 8:47 PM, portefeuille (99.60) wrote:

#15 I meant it is obvious that no "serious" further escalation of the sovereign debt crisis was assumed. The assets currently have a value of around 700 million euros, so even a 1% change in their value could be considered a pretty serious change.

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#18) On January 21, 2012 at 8:52 PM, portefeuille (99.60) wrote:

700 million euros

700 million euro

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in the English-language version of European Union legislation the forms "euro" and "cent" are used invariantly in the singular and plural, even though this departs from usual English practice for currencies.

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(from here)

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#19) On January 23, 2012 at 1:19 PM, portefeuille (99.60) wrote:

#13-18

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sold 16000 CBK:GY 2.54 USD (1.95 EUR * 1.3014 USD/EUR).

currently 25000 CBK:GY shares in the fund with break-even of around 4.57 EUR.

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(from here)

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