The action was fast and furious today. Adding to yesterday’s two REAP re-allocations, we have another two today.
| REAP TRADES | ||||||||
| # | Trade | Qty | Stock | Symbol | Price | Grp | ||
| 63 | Sold | 31% | HBP Oil Sht ETF | HOD | @ | $8.21 | 3 | |
| 63 | Bought | 72% | Cree Inc | CREE | @ | $20.24 | 3 | |
| 64 | Sold | 41% | Sun Hydraulics | SNHY | @ | $39.32 | 5 | |
| 64 | Bought | 49% | HBP NGas Bull+ ETF | HNU | @ | $25.48 | 5 | |
| Reap methodology detailed in the blogroll under “My Portfolio” | ||||||||
| Qty % are amount by which shares counts are decreased/increased | ||||||||
The energy ETFs have really jumped in this month – with 4 trades in natural gas alone, and now the first in crude oil. (Hallelujah!) Despite the hedges, REAP is still keeping pace with the S&P500 in this equities rally. Some key ETFs and stocks that piled on today with big gains were the ProShares Ultra Financials (UYG), Buffalo Wild Wings (BWLD), Genesee & Wyoming (GWR), Sun Hydraulics (SNHY), the oil short ETF that traded today (TSX:HOD), and Q-Logic (QLGC). The natural gas long ETF (TSX:HNU) that also traded today, and Formfactor (FORM) went big the other way.
This is the second time in 4 trading days that REAP has bought natural gas. We might even see a quick short-term turn-around profit if gas has a sharp snap-back rally – which it is prone to do
So now we’re not doing all that badly in 2008, down only 2.5% and still well ahead of the S&P500 by 8.6%. The portfolio long/short bias gradually shifted over the month from about 43% net long up to 53% net long, reflecting the profit-taking in the short hedges – particularly the commodity shorts.
| PORTFOLIO SUMMARY | 22-Jul-08 | ||||
| (in $C, adjusted for $US exchange rates) | |||||
| PORTFOLIO | S&P500 | S&P500 | SP500 $C | REAP | vs S&P |
| Reference Date | Start | Last | % | % | Var. |
| Inception MAR 07 | 1395.4 | 1277.0 | -24.6% | -24.2% | 0.3% |
| Re-start OCT 07 | 1565.2 | 1277.0 | -16.9% | -12.0% | 5.0% |
| 2008 Year to Date | 1468.4 | 1277.0 | -11.1% | -2.5% | 8.6% |
| Discretionary Trading P&L (included in above results) | -5.3% | ||||
| Dividend Yield (current) | 0.89% | ||||
| Canadian dollar | Last | Inceptn | Var. | Restart | Var. |
| 0.9921 | 0.8547 | -16.1% | 1.0069 | 1.5% | |
| Currency Mix | |||||
| Canadian Investments/Cash | 32.9% | ||||
| US Investments | 61.6% | ||||
| Other (country ETFs) | 5.6% | ||||
| Market Bias | Long | 53.1% | |||
| Cash | 0.6% | ||||
| Net Short | 23.2% | ||||
| Net Long | 76.2% | ||||
| Theme Mix | |||||
| Energy / Commodity | 14.9% | ||||
| Short Commodities | 15.1% | ||||
| Environment / Infrastructure | 8.9% | ||||
| Financial | 11.3% | ||||
| Health Care | 10.0% | ||||
| Technology | 13.8% | ||||
| Short Equities | 8.1% | ||||
| Transportation | 8.5% | ||||
| Hospitality | 3.2% | ||||
| Asia | 5.6% | ||||
| Cash | 0.6% | ||||
| Portfolio Notes | |||||
| Inception date is when I started tracking portfolio performance in | |||||
| this blog. I track it to reflect total performance after initial mistakes | |||||
| and discretionary trading losses. A more accurate representation | |||||
| of REAP’s “pure” performance is as of 10 Oct 07, when I | |||||
| re-established it after selling out the portfolio twice due to | |||||
| sub-prime systemic concerns. | |||||
| CANADIAN MARKET HOLDINGS | |||||
| Stock | Sym | Cost | Last | Gain % | Weight |
| Husky Energy | HSE | $42.12 | $41.35 | -1.83% | 3.1% |
| HBP NGas Sht ETF | HND | $10.77 | $11.30 | 4.97% | 3.4% |
| HBP Gold Sht ETF | HGD | $9.98 | $8.78 | -11.99% | 3.4% |
| ING Canada | IIC | $41.12 | $38.65 | -6.01% | 2.3% |
| HBP Ag Grains Bull+ ETF | HAU | $16.07 | $15.84 | -1.46% | 2.1% |
| HBP Oil Sht ETF | HOD | $11.13 | $8.23 | -26.08% | 3.9% |
| IGM Financ’l | IGM | $42.08 | $40.41 | -3.97% | 2.5% |
| HBP Ag Bear+ ETF | HAD | $22.35 | $23.52 | 5.25% | 4.4% |
| Precsn Drilling | PD.UN | $17.65 | $23.58 | 33.60% | 3.8% |
| HBP NGas ETF | HNU | $27.24 | $25.77 | -5.39% | 3.4% |
| US MARKET HOLDINGS | $C Adj | ||||
| Stock | Sym | Cost | Last | Gain % | Weight |
| Broadcom | BRCM | $26.12 | $27.64 | 6.67% | 1.7% |
| Gen & Wyom | GWR | $25.56 | $41.76 | 64.71% | 4.5% |
| PrSh S&P Sh ETF | SDS | $63.30 | $67.15 | 6.93% | 1.9% |
| PrSh Ultra Financ’l | UYG | $25.16 | $22.60 | -9.45% | 6.6% |
| ISh Australia ETF | EWA | $26.59 | $26.22 | -0.62% | 2.6% |
| Formfactor | FORM | $26.57 | $18.50 | -29.81% | 2.7% |
| Harley Davidson | HOG | $49.90 | $38.03 | -23.18% | 4.0% |
| Roch. Medical | ROCM | $12.37 | $10.82 | -11.84% | 2.5% |
| Forest Labs | FRX | $35.70 | $35.49 | 0.19% | 4.4% |
| Nvidia | NVDA | $23.05 | $11.38 | -50.24% | 3.3% |
| PrSh Rus2000 Sh ETF | SKK | $81.18 | $69.92 | -13.18% | 2.4% |
| Buff Wld Wings | BWLD | $29.29 | $29.26 | 0.69% | 3.2% |
| Cree Inc | CREE | $24.32 | $20.19 | -16.32% | 4.2% |
| PrSh Dow Sh ETF | DXD | $54.46 | $61.70 | 14.19% | 1.0% |
| iSh Asia ex-Japn | EPP | $135.60 | $135.22 | 0.51% | 2.9% |
| Credo Petrlm | CRED | $11.39 | $11.92 | 5.45% | 2.5% |
| Q-Logic | QLGC | $15.95 | $17.95 | 13.42% | 6.1% |
| PrSh NASD Sht ETF | QID | $45.37 | $45.51 | 1.12% | 2.7% |
| PrSh Ultra Health ETF | RXL | $56.38 | $56.87 | 1.67% | 3.0% |
| Sun Hydr’lics | SNHY | $24.85 | $40.62 | 64.78% | 1.7% |
| Trina Solar | TSL | $35.67 | $27.55 | -22.15% | 3.0% |
It looks like everything’s working. 
Cheers,
Allocator
a.k.a. George Parkanyi
gparkanyi@hotmail.com
Copyright 2008 – all rights reserved
