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portefeuille (99.59)

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November 09, 2010 – Comments (100)

my portfolio is boring again.

current top20 positions.

EMC (42.9%), EMC call options (6.4%), ATPG (3.5%), IDRA (3.1%), TSRX (2.8%), QGEN (1.6%), VOW:GR (1.5%), NTAP (1.4%), BION:SW (1.4%), AMLN (1.3%), VIP (1.3%), AIB (1.2%), EXAS (1.1%), SVNT (1%), PYMX (1%), RHT (1%), ANTH (0.9%), CHTP (0.9%), ITMN (0.9%), EXEL (0.9%).

The value of all long positions is currently at around 227000 EUR. I have no short positions and a slightly negative cash position ...

 

100 Comments – Post Your Own

#1) On November 09, 2010 at 6:03 PM, portefeuille (99.59) wrote:

my players portefeuille2 and portefeuille3 have passed my player portefeuille by the way ...

my 12 players.

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#2) On November 09, 2010 at 6:14 PM, MyunderratedLife (83.99) wrote:

That impressive...  I still remember poring through your previous posts and reading that the value was only 110 Euro or so... and now you have the exchange rate going in your favor... haha

 

+1 

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#3) On November 09, 2010 at 6:41 PM, portefeuille (99.59) wrote:

#2 I have added some fresh money, probably around 20000 EUR in the last 12 months. And the "slightly negative cash position" is around minus 10000 EUR.

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#4) On November 09, 2010 at 6:49 PM, starbucks4ever (97.41) wrote:

I have converted some of the stocks into cash. Stocks have become overvalued and a serious pullback looks likely. Then I'll buy back again.

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#5) On November 09, 2010 at 7:31 PM, portefeuille (99.59) wrote:

my next buy will probably be some CRME shares.

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#6) On November 09, 2010 at 8:19 PM, ikkyu2 (99.32) wrote:

This is a giant EMC position with a portfolio of like size attached.

What am I missing about EMC?  I've read your CAPS pitch and blog entry - what's new that made you overweight it this way?

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#7) On November 09, 2010 at 8:49 PM, portefeuille (99.59) wrote:

#6 My opinion is more or less unchanged. I still think that EMC shares are undervalued unless VMW shares are considerably overvalued.

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#8) On November 09, 2010 at 9:18 PM, FreeMortal (29.32) wrote:

#7 Lets say there is a 95% chance you're right.  (I agree that the case for EMC and VMW is very strong.) What if you're wrong? 40% seems like a pretty big chunk to hang on one company. 

You have some other strategy for managing that risk?

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#9) On November 10, 2010 at 9:38 AM, portefeuille (99.59) wrote:

bought some CRME shares (now a 1% position).

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#10) On November 10, 2010 at 11:18 AM, portefeuille (99.59) wrote:

sold some EWY "shares" (now a 0.2% position), sold some GLCH shares (now a 0.15% position).

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#11) On November 10, 2010 at 11:53 AM, portefeuille (99.59) wrote:

bought some ANTH shares (now a 4% position).

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#12) On November 10, 2010 at 1:44 PM, portefeuille (99.59) wrote:

You have some other strategy for managing that risk?

No.

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#13) On November 10, 2010 at 3:17 PM, portefeuille (99.59) wrote:

sold short to open 200 VMW shares.

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#14) On November 10, 2010 at 3:18 PM, portefeuille (99.59) wrote:

VMW is currently at around $83.00.

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#15) On November 11, 2010 at 10:05 AM, portefeuille (99.59) wrote:

bought some PBTH shares (now a 1.2% position).

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#16) On November 11, 2010 at 10:20 AM, portefeuille (99.59) wrote:

sold short to open 100 VMW shares.

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#17) On November 11, 2010 at 12:30 PM, portefeuille (99.59) wrote:

bought some VICL shares (now a 0.6% position).

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#18) On November 11, 2010 at 2:43 PM, portefeuille (99.59) wrote:

sold short to open 100 VMW shares.

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#19) On November 11, 2010 at 4:00 PM, portefeuille (99.59) wrote:

sold short to open 70 VMW shares.

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#20) On November 15, 2010 at 9:06 AM, portefeuille (99.59) wrote:

sold some VOW:GY shares (now a 1.2% position).

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#21) On November 15, 2010 at 9:13 AM, portefeuille (99.59) wrote:

VOW:GY.



enlarge

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#22) On November 15, 2010 at 10:11 AM, portefeuille (99.59) wrote:

bought to cover 350 VMW, currently at $78.26.

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#23) On November 15, 2010 at 11:11 AM, portefeuille (99.59) wrote:

sold some AIB shares (now a 1% position).

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#24) On November 18, 2010 at 8:45 AM, portefeuille (99.59) wrote:

sold some EXEL shares (now a 0.8% position).

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#25) On November 18, 2010 at 11:01 AM, portefeuille (99.59) wrote:

bought some TKMR shares (now a 0.6% position).

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#26) On November 18, 2010 at 1:45 PM, portefeuille (99.59) wrote:

bought some ALNY shares (now a 10.5 % position).

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#27) On November 18, 2010 at 2:01 PM, portefeuille (99.59) wrote:

sold some EMC shares (now a 34% position).

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#28) On November 19, 2010 at 11:37 AM, portefeuille (99.59) wrote:

sold some VICL shares (now a 0.2% position).

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#29) On November 19, 2010 at 1:08 PM, portefeuille (99.59) wrote:

sold some EMC shares (now a 32% position).

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#30) On November 19, 2010 at 2:14 PM, portefeuille (99.59) wrote:

sold short to open 200 VMW shares.

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#31) On November 19, 2010 at 3:59 PM, portefeuille (99.59) wrote:

bought some ALNY shares (now a 12.5 % position).

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#32) On November 22, 2010 at 12:19 PM, portefeuille (99.59) wrote:

bought some RXII shares (3.18 USD, now a 3% position), bought some MRNA shares (1.73 USD, now a 0.7% position).

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#33) On November 22, 2010 at 12:30 PM, portefeuille (99.59) wrote:

bought some TKMR shares (now a 4% position).

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#34) On November 22, 2010 at 12:31 PM, portefeuille (99.59) wrote:

TKMR is currently at around $5.31.

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#35) On November 22, 2010 at 12:35 PM, portefeuille (99.59) wrote:

sold some EMC shares (now a 27% position).

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#36) On November 22, 2010 at 1:52 PM, portefeuille (99.59) wrote:

bought some VOW:GY shares (now a 3.5% position).

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#37) On November 22, 2010 at 2:28 PM, portefeuille (99.59) wrote:

current top20 long positions.

EMC (26.2%), ALNY (11.8%), TKMR (4.1%), ANTH (3.9%), EMC call options (3.8%), VOW:GY (3.5%), RXII (3%), ATPG (3%), TSRX (2.9%), IDRA (2.7%), QGEN (1.5%), BION:SW (1.2%), AMLN (1.2%), NTAP (1.2%), PBTH (1.1%), VIP (1.1%), CRME (1%), SVNT (0.9%), AIB (0.9%), EXAS (0.9%).

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#38) On November 22, 2010 at 2:35 PM, portefeuille (99.59) wrote:

My next buy will probably be some SLN:LN shares, currently a 0.6% position.

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#39) On November 22, 2010 at 3:37 PM, portefeuille (99.59) wrote:

sold some TSRX shares (now a 1.5% position).

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#40) On November 23, 2010 at 3:39 PM, portefeuille (99.59) wrote:

bought some STD shares (now a 0.8% position).

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#41) On November 24, 2010 at 3:55 AM, portefeuille (99.59) wrote:

bought some PAH3:GY shares (now a 1% position).

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#42) On November 29, 2010 at 11:45 AM, portefeuille (99.59) wrote:

bought some DB shares (now a 0.4% position), bought some SLN:LN shares (now a 2% position), bought some TEF shares (now a 0.5% position).

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#43) On November 30, 2010 at 1:08 PM, portefeuille (99.59) wrote:

sold 200 TSRX shares at around $3, 150 shares left in the portfolio (a 0.1% position).

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#44) On November 30, 2010 at 3:49 PM, portefeuille (99.59) wrote:

sold 200 TSRX shares at around $3, 150 shares left in the portfolio (a 0.1% position).

sold 200 INHX shares at around $3, 150 shares left in the portfolio (a 0.1% position).

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#45) On November 30, 2010 at 4:00 PM, portefeuille (99.59) wrote:

bought some ALNY shares (now a 15% position).

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#46) On November 30, 2010 at 4:07 PM, portefeuille (99.59) wrote:

currently 6000 ALNY shares in the portfolio with break-even of around $10.10.

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#47) On November 30, 2010 at 4:39 PM, IgnoreTheCrowd (< 20) wrote:

May I ask what your idea with current valuation for ALNY is?

Do you have specific price target for the share?

Thanks.

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#48) On November 30, 2010 at 4:57 PM, portefeuille (99.59) wrote:

No, I don't have a price target. A recent post on ALNY is here.

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#49) On December 02, 2010 at 3:01 PM, portefeuille (99.59) wrote:

bought some ANDS shares (now a 4% position).

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#50) On December 03, 2010 at 12:41 PM, portefeuille (99.59) wrote:

bought some EXAS shares (now a 1.1% position).

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#51) On December 03, 2010 at 1:12 PM, portefeuille (99.59) wrote:

bought some AEI:GY shares (now a 0.3% position).

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#52) On December 03, 2010 at 2:53 PM, portefeuille (99.59) wrote:

bought some ABPI shares (now a 0.1% position), bought some BVTI shares (now a 0.1% position).

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#53) On December 03, 2010 at 3:34 PM, portefeuille (99.59) wrote:

sold short to open 80 VMW shares.

currently -400 VMW shares in the portfolio with break-even of around 82.33 USD.

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#54) On December 03, 2010 at 3:41 PM, portefeuille (99.59) wrote:

#53 The -400 VMW shares are a part of an arbitrage position (the other part is a part of the 4250 EMC shares in my portfolio).

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#55) On December 03, 2010 at 4:04 PM, portefeuille (99.59) wrote:

is a

maybe that should be

are a.

maybe not ...

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#56) On December 03, 2010 at 4:08 PM, portefeuille (99.59) wrote:

A part of the 4250 EMC shares in my portfolio are the other part of the arbitrage position

or

A part of the 4250 EMC shares in my portfolio is the other part of the arbitrage position

???

 

-400 VMW shares are my only short position

or

-400 VMW shares is my only short position

???

 

In German both versions are alright, I think ...

my OCD again, hehe ...

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#57) On December 05, 2010 at 10:01 PM, HedgeFund007 (55.48) wrote:

WOW, AIB??? I know it's a small position but you are a brave man!

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#58) On December 06, 2010 at 6:47 AM, portefeuille (99.59) wrote:

bought some M3V:GY shares (now a 0.2% position).

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#59) On December 06, 2010 at 11:22 AM, MyunderratedLife (83.99) wrote:

What's the story with ANDS?

 

It seems to be taking quite a shellacking lately. 

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#60) On December 06, 2010 at 5:47 PM, portefeuille (99.59) wrote:

#59 no news I know of.

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#61) On December 07, 2010 at 4:34 AM, portefeuille (99.59) wrote:

bought some DAX call options (now a 1.5% position), bought some KOSPI call options (now a 0.4% position).

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#62) On December 07, 2010 at 5:34 AM, portefeuille (99.59) wrote:

bought some MDAX call options (now a 0.5% position).

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#63) On December 07, 2010 at 1:46 PM, portefeuille (99.59) wrote:

sold some AIB shares (now a 0.6% position).

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#64) On December 09, 2010 at 4:00 PM, portefeuille (99.59) wrote:

bought some ALNY shares (now a 21% position), sold some EMC shares (now a 15% position).

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#65) On December 10, 2010 at 1:08 PM, portefeuille (99.59) wrote:

sold some ALNY shares (now a 20% position).

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#66) On December 10, 2010 at 2:40 PM, portefeuille (99.59) wrote:

sold some ALNY shares (now a 17% position).

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#67) On December 13, 2010 at 9:58 AM, portefeuille (99.59) wrote:

sold some EMC shares (now a 14% position).

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#68) On December 13, 2010 at 8:18 PM, portefeuille (99.59) wrote:

current top20 long positions.

ALNY (17.3%), EMC (13.8%), EMC call options (5.1%), ANDS (3.5%), VOW:GY (3.5%), TKMR (3.4%), RXII (3.3%), ANTH (3%), ATPG (3%), IDRA (2.2%), DAX call options (1.9%), SLN:LN (1.5%), QGEN (1.4%), TSRX (1.3%), PAH3:GY (1.2%), NTAP (1.2%), BION:SW (1.2%), AMLN (1.2%), PBTH (1.1%), CRME (1.1%).

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#69) On December 13, 2010 at 8:31 PM, portefeuille (99.59) wrote:

17.3%

That is an approximation of the ratio of the current value of the ALNY position to the current value of all long positions.

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#70) On December 13, 2010 at 8:34 PM, MyunderratedLife (83.99) wrote:

Hm, did you ever write one your your sort blurbs on why you liked IDRA or throw up any links?  There seems to be scant information on that pick.

Is Anthera something you're optimistic about at this currently level?

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#71) On December 13, 2010 at 8:52 PM, portefeuille (99.59) wrote:

#70 A post on IDRA is here, a post on ANTH is here. ANTH is still one of my favourite stocks.

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#72) On December 13, 2010 at 11:04 PM, MyunderratedLife (83.99) wrote:

Are you contemplating or would you add more IDRA, ANTH, or TKMR at a lower price level?  

I like the style you outlined earlier about not delving to much into the "boring" aspects of evaluating these... 

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#73) On December 13, 2010 at 11:38 PM, portefeuille (99.59) wrote:

#72 That mostly depends on the news.

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#74) On December 14, 2010 at 5:32 AM, portefeuille (99.59) wrote:

My next buy will be a few DSCO shares.

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#75) On December 14, 2010 at 10:35 AM, portefeuille (99.59) wrote:

bought some DSCO shares (now a 2.3% position).

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#76) On December 14, 2010 at 10:40 AM, portefeuille (99.59) wrote:

sold some EXEL shares (now a 0.4% position).

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#77) On December 14, 2010 at 10:58 AM, portefeuille (99.59) wrote:

sell 550 CYPB, limit 5.35 USD.

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#78) On December 14, 2010 at 10:59 AM, portefeuille (99.59) wrote:

sold 550 CYPB 5.39 USD.

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#79) On December 14, 2010 at 11:00 AM, portefeuille (99.59) wrote:

#77,78 Those comments belong here.

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#80) On December 14, 2010 at 12:16 PM, portefeuille (99.59) wrote:

bought to cover 70 VMW, currently -330 VMW shares in my portfolio.

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#81) On December 15, 2010 at 6:21 AM, portefeuille (99.59) wrote:

update on the EMC call options (now a 5.5% position).

still "decent representatives" of my "EMC call options" position are these options/warrents (see comments #35,36,56,63,119,129,130,173,176,194,235 here).

June 2011 $22 call warrent (Optiosschein) (1,2).



enlarge

 

EMC April 2011 $22 call option (1).



enlarge

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#82) On December 15, 2010 at 12:59 PM, portefeuille (99.59) wrote:

bought to cover 140 VMW, currently -190 VMW shares in my portfolio.

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#83) On December 16, 2010 at 8:27 AM, portefeuille (99.59) wrote:

bought some DSCO shares (now a 3.2% position (60000 shares)).

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#84) On December 16, 2010 at 10:05 AM, portefeuille (99.59) wrote:

bought some DSCO shares (now a 5.4% position (100000 shares)).

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#85) On December 16, 2010 at 10:14 AM, portefeuille (99.59) wrote:

sold some EMC shares (now an 11.2% position (1900 shares)).

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#86) On December 16, 2010 at 12:58 PM, portefeuille (99.59) wrote:

sold short to open 60 VMW shares.

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#87) On December 16, 2010 at 3:03 PM, portefeuille (99.59) wrote:

sold some ALNY shares (now a 15.9% position (5900 shares)).

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#88) On December 17, 2010 at 8:50 AM, portefeuille (99.59) wrote:

bought some ITMN shares at 28.75 USD (now a 3% position (400 shares)).

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#89) On December 17, 2010 at 1:54 PM, portefeuille (99.59) wrote:

sold some ITMN shares at 34.90 USD (now a 2.7% position (300 shares)).

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#90) On December 20, 2010 at 6:27 AM, portefeuille (99.59) wrote:

sold some DAX call options (now a 1.4% position).

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#91) On December 20, 2010 at 6:33 AM, portefeuille (99.59) wrote:

#81 June 2011 $22 call warrent (Optiosschein) (1,2).



enlarge

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#92) On December 20, 2010 at 10:52 AM, portefeuille (99.59) wrote:

sold 250 CHTP shares at 7.30 USD (now a 0.7% position (350 shares)).

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#93) On December 20, 2010 at 12:17 PM, Starfirenv (< 20) wrote:

#56- " a part" IS singular.
"some parts" ARE plural

or, 400 VMW shares is my only short position
???.>
This one is a little trickier. The 400 shares "are" referred to as a single position. So I think this single position of 400 shares "is" your only short. I think either could be correct depending on how the sentence is structured.
so- "the" 400 share position IS your only short and "those" 400
shares Are your only short position.

I hope that helps. Happy holidays to you sir!

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#94) On December 20, 2010 at 1:00 PM, portefeuille (99.59) wrote:

sold 250 ARNA shares at 1.86 USD (now a 0.2% position (350 shares)).

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#95) On December 22, 2010 at 2:46 PM, portefeuille (99.59) wrote:

sold 70 XOMA shares at 4.74 USD (now a 0.1% position (120 shares)).

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#96) On December 22, 2010 at 2:48 PM, portefeuille (99.59) wrote:

120 shares

110 shares

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#97) On December 23, 2010 at 11:24 AM, portefeuille (99.59) wrote:

sold 1100 PARD shares at 0.56 USD (now a 0.1% position (600 shares)).

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#98) On December 23, 2010 at 5:03 PM, portefeuille (99.59) wrote:

current top20 long positions.

ALNY (14.8%), EMC (11.2%), DSCO (6.2%), EMC call options (4.9%), ANDS (4.3%), TKMR (3.2%), VOW:GY (3.1%), ANTH (3%), ATPG (2.9%), ITMN (2.8%), IDRA (2.4%), RXII (2.2%), SLN:LN (1.6%), DAX call options (1.4%), QGEN (1.3%), TSRX (1.3%), AMLN (1.2%), EXAS (1.2%), BION:SW (1.2%), NTAP (1.1%).

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#99) On December 23, 2010 at 5:26 PM, portefeuille (99.59) wrote:

continued here.

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#100) On January 07, 2011 at 9:11 AM, portefeuille (99.59) wrote:

Optiosschein

Optionsschein

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