Stein's Current Portfolio
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average rating: 3.20 / 4 ratings
Created by Matthew Stein
DESCRIPTION:

Date updated:09-25-2007

First time updating this in months, sorry if people had been checking it.

I'm experimenting with using various combinations of options and common on fewer different companies.

My target allocation is 50-50 options and common. That offers a balance of some stability and yet still high risk/reward exposure.

symbol name last price % change open
  • +
  • EMC
    E M C Cp
  • $10.44
  • -1.23%
  • $10.68

This one has finally taken off. I'm long the stock at a cost basis of 19.14. I traded around the Sept 18's, closing them out for a smaller than expected gain on thursday of expirations week. I held the Oct 17's with a cost basis of 2.10, Recently selling half the position to cover most of my cost. I expect to sell the rest of them off if the stock trades above 21. I am also holding the Jan 19s with a cost basis of 1.72. I expect these to be held for several months, as I will effectively have them for free after the gains recorded from the Oct calls. The significant support at 20 should protect these from loosing all their value should something bad happen to the company.

People owning EMC also tend to own: AAPLAMTAMZNATHRBEASCTSHGOOG

TheStreet.com Rating: B- What is this?

  • +
  • GLS
    Genesis Lease Lim
  • $5.37
  • -13.11%
  • $6.21

I had been a fan of this company, and when I saw it was trading below 22, I took the opportunity to get a full position relatively quickly. Cost basis of 21.9, This one quickly rose above my basis, and I plan on holding this one for a core stability position. The 8% yield is very attractive, especially with the fed cutting rates.

People owning GLS also tend to own: ACASAHRBSDMDFRFEEDFMDKCAP

TheStreet.com Rating: D What is this?

  • +
  • LMC
    Lundin Mining Cor
  • $1.93
  • -2.03%
  • $2.08

Zinc play in a world of rising commodity prices. I've been in and out of this stock over the last several months. I made my first buy as it was rising quickly, and it's now above my cost basis of 12.35. I look to make the next buy if it trades back under 12.

People owning LMC also tend to own: BENCCAKECHSCMCSAFRGGS

TheStreet.com Rating: D What is this?

  • +
  • LULU
    Lululemon Athleti
  • $18.16
  • -4.92%
  • $19.36

This Yoga apparel play sat quietly for a few weeks allowing me to accumulate shares around 34.74. Then after their great quarter, and another segment on MadMoney, this one rocketed up to 40. I expect this stock to be one of the highest growth companies out there and I'm glad to have a full position on the books. Since I expect significant upside for this one, I won't be trimming shares until it starts to cross the 50$ mark. This is a streach of discipline for me, but again, I'm expecting great things from this stock.

People owning LULU also tend to own: BHPCATCTVDELLGOOGTEXTPX

TheStreet.com Rating: No Rating What is this?

  • +
  • RHT
    Red Hat Inc
  • $13.55
  • -7.51%
  • $14.61

Following Steve Smith's move in the options alerts portfolio, I picked up some Oct 20 calls for a quick play on their quarter reported 9/25. I was able to get a cost basis of .88 for the calls, and expect to sell at least 2/3rds of them on 9/26. I'm listening to a very bullish conference call as I type this. They remarked that they are certified for security and other uses with the Russian Government as well as other governments around the world. I won't turn this trade into an investment, but that should position them for future growth.

People owning RHT also tend to own: AAPLANZBY.PKBAMBBDEBAYGOOGIFN

TheStreet.com Rating: C+ What is this?

  • +
  • RIG
    Transocean Inc
  • $77.67
  • -4.92%
  • $83.45

I've owned this one before, and really like this company. Very well positioned in this market for increasing oil, I decided I needed to add some exposure as Oil looks to be heading above 80 again soon. OCT 115 calls are slightly out of the money. But, I think this stock can easily trade above, or at least near that mark. I won't press this one for a large gain, and will look to protect my profits if it gets over a 50% gain.

People owning RIG also tend to own: ABKBBDCFCDEFCXFREFWLT

TheStreet.com Rating: A- What is this?

 

Start Price

Return Value

Start Date

RIG 78.90 -1.56% Mar 21st
LMC 11.07 -82.57% Mar 27th
EMC 20.51 -49.10% Sep 25th
GLS 24.22 -77.83% Sep 25th
LULU 39.37 -53.87% Sep 25th
RHT 19.00 -28.68% Sep 25th

Average return:

-13.68%

Success rate:

0%

Deleted Stocks:

CAT 65.43 +18.78% Mar 21st
GSF 61.41 ------ Mar 21st
GSTL 31.82 ------ Mar 21st
HAL 30.33 +27.17% Mar 21st
JCP 79.93 -11.27% Mar 21st
LVLT 6.16 -25.00% Mar 21st
MA 108.23 +31.44% Mar 21st
SHLD 175.60 -26.63% Mar 21st
UNP 100.62 +10.70% Mar 21st
USG 48.63 -22.97% Mar 21st
GNK 34.50 +87.28% May 2nd
GLW 25.39 -5.20% Jun 26th
FCX 79.25 +35.91% Jun 26th
RIMM 165.21 -42.80% Jun 26th
SWIM 9.98 +17.84% Jun 26th

Deleted Hate Stocks:

SOFO 3.81 -43.57% May 2nd
VG 3.24 -39.51% May 2nd
MSFT 30.5526 -4.82% May 2nd

Tracking Started: 03-21-2007

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