Find similar models
Important Information
- Past performance is no guarantee of future results.
- Performance of the model manager’s account is calculated by Covestor on a daily time-weighted basis, including cash and broker commissions. Manager returns include trades that fail Covestor’s trading rules, do not reflect any Covestor suitability or risk score restrictions and are exclusive of Covestor fees. More
- Average subscriber performance (“Avg Sub”) is calculated by Covestor and is composed of the average, daily, time weighted returns of all active subscriptions to this model. These returns include cash, brokerage commissions, Covestor advisory fees, and reflect individual client suitability and risk score restrictions.
More » - Month to Date returns and Since Inception returns are revised daily. All other returns (month, 3 month, year to date, et al) are calculated as of the most recent month end date.
- All graph data is as of the end of day for the referenced period, unless otherwise specified.
- The subscription minimum is the minimum subscription required to follow a particular model. The minimum amount is determined by Covestor, based on the characteristics of the underlying model. It should not be considered as specific investment advice for your investment situation.
- Benchmark returns have been calculated by Covestor using a time-weighted calculation of daily index valuations and do not include cash or transaction costs.
- Leverage indicates the level of margin utilized and is calculated by dividing gross exposure by portfolio net liquidation value.
- All Model Manager information including personal data, profiles, strategies, monthly investment reports, and historical results outside of Covestor has been provided by the Model Manager. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor. Transaction history is available upon request.
Short term model (day trading) which buys credible growth stories and waits for the news to be priced into the stock. Prefers small to mid cap stocks.
Subscribe to this model
1.50% of assets p.a.
$5,000 subscription minimum
Daytrader: $30k Minimum Account Balance required.
To subscribe sign in or open a mirroring account
Call Customer Service on 1.866.825.3005 to discuss this model
Performance and Risk
Performance Summary (as at end of )
| Inception | Manager* | S&P 500 | Avg. Sub. |
|---|---|---|---|
| Month to date (%) | |||
| 1 month (%) | |||
| 3 month (%) | |||
| 1 year (%) | |||
| Annualized since inception (%) | ? | ? | ? |
| Since inception (%) | n/a | ||
| Sharpe (since inception) | n/a |
* Includes trades that fail Covestor Trading Rules
Past performance is not indicative of future performance
Strategy
Summary
The model relies on access to management pitches and conference calls and looks for powerful growth stories. It then takes a view on whether these are credible, and not yet fully valued in by the market. Short term model that buys credible growth stories and waits for the news to be priced in.
Asset Allocation
Top Holdings (excluding cash) (as at end of )
| Symbol | Security | Allocation(%) |
|---|---|---|
| GGP | General Growth Properties, Inc. | 87.50 |
| AUTC | AutoChina International Limited | 19.86 |
| JOEZ | Joe's Jeans Inc. | 15.54 |
| DCTH | Delcath Systems, Inc. | 14.54 |
| CBOE | CBOE Holdings, Inc. | 13.10 |
| Top holdings total (excluding cash) | 150.55% | |
| Cash | -87.34% | |
| Total number of holdings | 12 | |
| Leverage | 1.87 |
Investment Report
May 2010
In his "The Black Swan" Taleb called it "losing the noise" and 2009 was the year I did that by cutting off all financial news/information from any source which was not transparent with their investments/trades. I have earned my returns for the year by only seeing/hearing financial info from people/sources who show me what they are doing with their money.
When I have taken a position based on a theory I have stuck to it (and added to it when the position moved against me) in each case when I continued to believe the reason I initially opened the position remained valid.
I will be continue to be long China/Vietnam/Hong Kong, biotechs with late stage products, and “story” stocks. I will continue to day trade when I see what I think/hope are profitable trades.
Transactions
Latest Transactions (as at end of )
| Executed | Symbol | Security | Type | Price |
|---|---|---|---|---|
| September 01, 2010 | LVS | Las Vegas Sands Corp. | Sell | $29.15 |
| September 01, 2010 | TTWO | Take-Two Interactive Software, Inc. | Buy | $8.39 |
| September 01, 2010 | TTWO | Take-Two Interactive Software, Inc. | Buy | $8.39 |
| August 31, 2010 | LVS | Las Vegas Sands Corp. | Buy | $28.39 |
| August 31, 2010 | CBOE | CBOE Holdings, Inc. | Buy | $20.95 |
| August 31, 2010 | CMFO | China Marine Food Group Limited | Sell | $5.26 |
| August 31, 2010 | UCO | ProShares Ultra DJ-UBS Crude Oil | Sell | $8.94 |
| August 31, 2010 | UCO | ProShares Ultra DJ-UBS Crude Oil | Buy | $8.95 |





