October was another solid month for the Oxen Report, but some gains were limited by two major losses in FSI International (FSII) and Skechers (SKX). Our Buy/Overnight/Week Trade Portfolio for 2010 is up 109% so far this year with 155 trades. We have gotten 117 of these 155 actionable trades correct, giving the portfolio a 75.5% success rate thus far for the year. The Short Sale Portfolio is up nearly 39% thus far this year on 71 trades, and it has over an 83% success rate with 59 correct trades. Month-over-month, the Buy Portfolio went up 8% from September, and Short Sale Portfolio went up 5%. Finally, we have a new portfolio that just started in September, which is the Longterm Ratings. This portfolio is summarized below. Our 2009 portfolios ended with Buy Picks up 108% in 9 months. The Short Sale Portfolio ended up 10% in 6 months.
The way that my portfolio works is that for Buy/Overnight/Week, I have started with $10000 in 2010. This amount is divided between four mini-accounts that each have $2500 in them. These mini-accounts A-D are rotated through each other so that I can account for multiple positions being open at one time and having time to let money settle after selling a position. Below the account portfolio for September of 2010 is available. The portfolio shows entry, exit, amount gained/lost, changes in account and total money, and the date of action. If you would like to view January – June, click here.
The Buy/Overnight/Weekly Portfolio
