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Michael Arold

German Citizen
Personal Information
Education
University of Stuttgart, Germany
Qualifications
Master in Aerospace Engineering
Date of Birth
October 06, 1968
Job Title
Director, Channel Sales
Industry
Computer Software
Investment Experience
16 years private investing, 4 years short term equity trading

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Important Information

  1. Past performance is no guarantee of future results.
  2. Performance of a Personal Track Record is calculated by Covestor on a daily time-weighted basis of equity positions in the account provided by the member. It is exclusive of any commissions, fees, and cash in the portfolio.
  3. 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.
  4. All graph data is as of the end of day for the referenced period, unless otherwise specified.
  5. Benchmark returns are calculated by Covestor using a time-weighted calculation of daily index valuations and do not include cash or transaction costs.
  6. All Personal Track Record information including personal data, profiles, strategies, commentary, and historical results outside of Covestor has been provided by the Member. Covestor makes no representation or warranty of its accuracy, completeness or relevance and it does not represent the opinions of Covestor.

Personal Track Record

This is not an investment model

  • It is a record of a member’s personal broker account as reported to Covestor
  • It cannot be mirrored
INDIVIDUAL
INVESTOR
Technical Swing (M:ATSN)

Personal Track Record

Inception date June 18, 2007
Long/Short Long and Short
Cap bias Large cap
Holding Period Short term
Current holdings 6
Latest trade FDX

Performance and Risk

Performance Summary (as at end of September 01, 2010)
 Member  
Include cash 1M 3M YTD 1Y SI
Inception June 18, 2007 Member S&P 500
Month to date (%) -3.69 2.95
3 month (%) -2.30 -3.68
1 year (%) 15.06 2.81
Annualized since inception (%) 38.37 -3.21
Since inception (%) 183.71 n/a
Sharpe (annualized) 1.30 -0.13
% of positive months 64.10 61.40

Past performance is not indicative of future performance

Asset Allocation

Top 5 Holdings (as at end of September 01, 2010)
Security Allocation(%)
FedEx Corporation 22.35
Sherwin-Williams Company (The) 19.47
ProShares UltraPro Short S&P 500 17.80
iShares MSCI EMU Index Fund 17.48
Apple, Inc. 13.75
Total 90.86
Total no. of Holdings 6

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Geographic Breakdown (as at end of September 01, 2010)
United States
100.00%
Short
Long
Industry Breakdown (as at end of September 01, 2010)
Funds
44.42%
Industrials
41.82%
Technology
13.75%
Short
Long

Transactions

Latest Transactions (as at end of September 01, 2010)
Executed Symbol Security Type Price
June 29, 2010 FDX FedEx Corporation Sold $72.51
June 29, 2010 CRM Salesforce.com, Inc. Sold $88.63
June 29, 2010 BIDU Baidu.com, Inc. Sold $71.30
June 29, 2010 SNDK SanDisk Corporation Sold $43.82
June 29, 2010 SMN UltraShort Basic Materials ProShares Bought $42.99

View all transactions »

Commentary - Latest Posts

  • What the Utilities/Financials Ratio is Telling us About the Markets August 30, 2010

    Looking at the ratio of Utilities/Financials gave us valuable insights about the Equity markets in recent years. Financials for obvious reasons and Utilities as a proxy for defensive investor behaviour. It is quite interesting to plot this ratio against the S&P 500:

    [IMAGE]

    Note how both have been moving in opposite directions in the last years. In 2007, the ratio actually “front-ran” the big market decline, indicating weakness in the Financial sector before the overall market took notice. If a......

    Read More >

  • Recent NYSE TICK Textbook Examples August 30, 2010

    Stocks sold off in the morning last Friday. Unfortunately, I closed some of my longs during this period, but managed to recover during the afternoon rally.

    It could have been a nice profitable day if one would have watched the NYSE TICK. The indicator didn’t confirm the selloff for two reasons:

    1) there was only one reading below 1000. A sustained decline would require multiple readings.

    2) Divergence between Index and TICK, which started in the afternoon session of the prior day.

    The afternoon......

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  • Covestor Portfolio Update August 26, 2010

    Yesterday, I adjusted various positions in the Trading Portfolio.

    The latest housing numbers and durable good orders turned out much worse than consensus estimates. However, stocks didn’t really sell-off. When negative news don’t lead to declining prices, it is a sign that a short-term reversal could be at hand. As a consequence, I closed most of my short positions (Russel 2000 (TWM), Financials (SKF) and Navistar (NAV)) and went long the S&P (UPRO), Lazard (LAZ) and Bidu (BIDU). On the long......

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