Week 35 - Portfolio Review
September 1st, 2008, 10:43 pm. Posted under AppleOption ATP, AppleOption LTP, AppleOption STP, Portfolio Review by AppleOption.
Week 35 of 2008 trading was marked by hurricane Gustav fear in a sell-off before the long weekend! Examine the following year-to-date performance.
Apple NASDAQ S&P 500 Dow Jones -14.41% -10.09% -11.39% -11.51%
Now, compare that performance to the AppleOption Portfolios.
AppleOption Short-Term Portfolio (STP)
Started the January 2008 with $10,000
Current portfolio value $5,120.84 (after commission/fees)
Year-to-Date Loss -49.8%
AppleOption Long-Term Portfolio (LTP)
Started the January 2008 with $25,000
Current portfolio value $18,509.42 (after commission/fees)
Year-to-Date Loss -25.9%
AppleOption Auto-Trade Portfolio (ATP)
Minimum Allocation: $1,500 per trade or max of 12.5% of account value
Minimum Account Value: $12,000 provides 8 allocations
Average Percentage Gain for Total Capital Risked: 2.7%
Performance since Inception: 68.4% Winning Trades (13 wins / 19 trades)
Number of Open Trades: 2
** Members can view all current portfolio holdings by viewing the Members-Only Page then selecting the Account View: Current Portfolio.
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Weekly Review of Portfolio Trades
AppleOption Auto Trade Portfolio
The ATP opened 2 new trades this week. We are patiently waiting for the “storm to pass” as Apple’s fundamental story should start taking hold in the next few weeks. Plus we are likely to see a new product release by September 16th.
Interested in trading the ATP? For more information please refer to the AppleOption Auto-Trade Portfolio (ATP) page.
AppleOption Short-Term Portfolio
The STP placed two buy back orders this week, one on Wednesday and the other on Thursday. Friday’s sell-off would have been a better time, but things will balance out just fine. Because of this sell-off the account value took a hit this week.
AppleOption Long-Term Portfolio
The LTP has had no changes this week. We are well positioned and will try buy back one of our September callers if the opportunity presents itself on Tuesday.
Technical Apple Review
The Moving Average Indicators help traders identify an appropriate position that follows the current short or long term trend.
Key Reference Points:
5-MA: $172.82
20-MA: $171.79
50-MA: $1169.75
200-MA: $163.76
1st Resistance: $177 - triple
2nd Resistance: $187.9 - double
1st Support: $160.4 - triple
2nd Support: $148.8 - double
Up-Coming Earning Reports:
Apple will announce Quarter 4 earnings on Wednesday October 22.