Text Box: Wiser Trader Stocks and Options Newsletter
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Issue No. 25 – May 9, 2005                             Prescott, Arizona                            Systems@WiserTrader.com

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1.0   Trading

 

      Wiser Trader Stock Advisory - $10 monthly – 1st month FREE.

 

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      Wiser Trader Trading Systems - Standard rates set by original system designers.

 

1.1     Trends

     

      A minor bounce this past week has left the major indices over-bought with respect to the Williams %R.  Volume on Friday was relatively low.  We need to be careful here.  There has been a lot of discussion about sector rotation lately.  Yet it has been difficult even for professional investors to follow market momentum.  REITs’ that fell out of favor in the first quarter due to fears of higher interest rates have since rebounded.  Energy stocks that surged in the first quarter have slumped due to fears of a slowing economy.  Fears about the outlook for the economy have sent investors into defensive stocks such as health care and consumer staples.  It is natural to expect rotation out of industrials and materials and movement into defensive plays, such as health care, as the maturing economic recovery heads cyclically towards recession.  However, the market is churning rather than having an orderly sector rotation.

 

      Rather than follow the evolving leadership too closely, it is better for investors to diversify.  Information recently added to the web site takes a queue from the Oxford Club’s concept of balanced asset allocation.   The Oxford Club model proposes 30% domestic stocks, 30% foreign stocks, 10% high grade bonds, 10% junk bonds, 10% inflation adjusted treasuries, 5% gold and 5% real estate.  Diversification reduces risk. 

 

      Based on Standard & Poor's Depositary Receipts (SPDRS) in Figure 1, all sectors were stable to slightly up over the past week.  Basic Materials (+2.7%), Consumer Discretionary (+2.4%), Energy (+1.4%) and Technology (+1.4%) lead the field.  The leaders slightly outperformed the S&P 500, which is a broader indicator than either the DOW or the NASDAQ. 

 

© 2005 WiserTrader.com, LLC.  Members of wisertrader.com are neither licensed brokers nor licensed advisors.   Trades discussed represent recommendations made by the editor for the wisertrader.com portfolio.  The newsletter and web site are for information only and should not be considered as personal advice.   While it is believed that the posted information is factual, mistakes can be made in transcription.  Investors should trade stocks only after verifying all information and consulting with a licensed broker or adviser.  WiserTrader.commarkets third party trading systems but has no other affiliation with trading system companies.

 

FIGURE 1

 

 

      The energy sector did not appear to have formed even a short term trend.  Coal is a leader.  A few coal companies with their Friday percentage gains are Westmorland Coal (WLB +6.92%), Natural Resource Partners (NRP +3.49%), Alpha Natural Resources (ANR + 2.90%) and Peabody Energy (BTU +2.74%).

 

      Jewelry and Silverware was a leading Consumer Discretionary industry.  Companies that lead on Friday are LJ International (JADE +3.81%), Movado Group (MOV +2.88%) and Charles & Colvard (CTHR +1.82%)

 

      Computer Storage Devices in the Technology Sector included MTI Technology (MTIC +5.67%), Seagate (STX +5.43%), Sandisk (SNDK +4.45%) and Dataram Corp (DRAM +3.75%).

 

      Last week’s newsletter discussed closed end sector and industry funds as an alternative to specific stocks.  These come in the form of Sector SPDR’s mentioned above, as well as, ETF’s that also trade like stocks.  A few of the leaders for the past week appear in Figure 2 along with the S&P 500.  The preponderance of Asian and Emerging Market funds could be significant. 

 

FIGURE 2

 

2.0 Market Analysis

 

      Industry leaders in Table 1 rank from highest to lowest.  

 


Table 1 - Market Summary - Week Ending 05/07/05


 

 Major Indices:
 Dow Jones     +1.5%
 NASDAQ        +2.4%
 S&P500 Index  +1.3%
 Russell 2000  +3.0%
 
 30 Year Bond 4.634%
 10 Year Note 4.266%
 
 Industry Leaders
 For the Past Week:
 Coal 
 Insurance Brokers 
 Tires 
 Automobiles 
 Trucking 
 Commodity Chemicals 
 Mining 
 General Mining 
 Automobiles & Parts 
 Full Line Insurance 
 
 Industry Leaders
 For the Past Month:
 Water 
 Biotechnology 
 Real Estate Holding & Develop 
 Real Estate Investment Trusts 
 Mortgage Finance 
 Soft Drinks 
 Internet 
 Beverages 
 Pharmaceuticals & Biotech 
 Specialty Finance  
 
 Crude Oil $50.96
 
 Gold for the past 30 days:
 USD    -0.23%
 CAD    +1.44%
 CHF    -0.02%
 GBP    -0.69%
 EUR    +0.20%
 JPY    -3.58


      The Federal Reserve raised overnight bank loan rates to 3% for the 8th consecutive increase of ¼%.  The move was expected.  The Fed stated that inflation expectations remain well contained and that the current “accommodative” stance can be removed at a measured pace.  This reduced fears of inflation and surging interest rates.

 

      The April employment report showed an increase of 274,000 in non-farm payrolls, well ahead of the expected 175,000 increase.  This helped raise confidence that payroll growth can sustain 3.1% average GDP growth.  There is still a little concern about consumer spending, however.

 

      The sudden confidence in GM by investors was followed by a downgrade to junk status.  Overall, though, market action was positive for the week.  The S&P notched its third straight weekly gain.  It is now up 3.1% from the lows this year set in April.  But it is still down 3.3% for the year.  The excessive pessimism from April has been wrung out of the market, but there are few expectations of a major rally in the summer months ahead.  This Thursday is the April retail sales report.  Also reporting are CISCO on Tuesday and Dell on Thursday.

 

      The 5 day and 5 week RSI for the DOW, S&P500 and NASDAQ are neutral. Other sentiment indicators are in Table 2.

 

Table 2

VTO Report on Market Sentiment Indicators

 

Sentiment Indicator

Value

Last Week

2 Weeks Ago

Complacent

Cautious

VIX

14.05

15.31

15.38

< 20

> 50

VXN

17.58

18.54

19.04

< 30

> 70

Put/Call Ratio

0.802

0.738

0.669

< 0.6

> 0.7

%Bulls - %Bears

13.1%

14.3%

21.5%

> 29

< 20

 

 

      Selected industry and sector performance over the past month are in Table 3.

 

Table 3

Selected Industry ETF's and Sector SPDR's 05/07/05

 

Industry or Sector

1 month

1 wk ago

2 wks ago

3 wks ago

4 wks ago

GOLD

-0.4%

-1.9%

-0.1%

2.3%

-0.7%

Transportation

-2.0%

3.0%

0.1%

1.3%

-6.1%

Semiconductors

-1.4%

3.9%

0.6%

2.5%

-7.9%

Real Estate

6.9%

0.6%

3.1%

1.2%

1.8%

Oil

-4.6%

2.9%

-6.3%

6.2%

-6.8%

Financials

1.5%

1.1%

2.5%

0.0%

-2.1%

Utilities

1.3%

-0.8%

1.1%

2.4%

-1.5%

Healthcare

2.3%

0.9%

1.3%

-1.0%

1.1%

Consumer Staples

-0.1%

1.3%

0.7%

-1.0%

-1.0%

Energy

-3.8%

1.4%

-3.5%

5.8%

-7.0%

Materials

-4.1%

2.7%

-0.2%

2.0%

-8.2%

Industrial

-2.1%

0.9%

0.1%

1.2%

-4.2%

Technology

-2.3%

1.4%

0.3%

1.9%

-5.7%

Consumer Discretionary

-3.4%

2.4%

-0.9%

-0.4%

-4.5%

Telecommunications

-2.2%

-1.3%

1.2%

0.7%

-2.8%

 

 

 

3.0 Procedure

 

      The following watch lists contain stock candidates for consideration.  They are not necessarily recommended trades.  The “Reference” is the date that a stock was added to the list.  The “% Change” is how the price has changed since a stock was added to the list.  Stocks that are down 10% or more after being listed are removed.  The “% from Max” is the last price relative to the maximum price reached after a stock was added to the list.  Stocks that are down 8% from their highs after being listed are flagged in yellow.  Stocks that are down 15% from their highs after being listed are removed.  More information on each of these filters is available on the web site.  Send me an email if you want more details on a filter.

 

 

Key

Passed Recent Filter

 

 

 

      Companies that have experienced net insider buying within the past 6 months of 5% or more of issued stock are listed in Table 3A.  IPSU declined more than 10% since being listed and was removed.

 

 

Table 3A

Net Insider Buying Stock Filter as of 05/07/05

 

Stock

Reference

% Chg

Company

Sector

Industry

% from Max

ACAD

04/29/05

-0.8%

ACADIA Pharmaceuticals Inc.

Health Care

Biotechnology & Drugs

-3.9%

CNST

04/29/05

0.2%

Constar International, Inc.

Basic Materials

Containters & Packaging

0.0%

FTD

04/08/05

-3.9%

FTD Group, Inc.

Services

Retail (Catalog & Mail Order)

-4.1%

FVRL

04/22/05

2.1%

Favrille, Inc.

Health Care

Biotechnology & Drugs

-5.1%

INHX

04/08/05

-4.2%

Inhibitex, Inc.

Health Care

Biotechnology & Drugs

-9.6%

IPXLE

04/29/05

3.7%

Impax Laboratories Inc.

Health Care

Biotechnology & Drugs

-0.6%

IRN

05/06/05

0.0%

Rewards Network Inc.

Services

Business Services

0.0%

ITMN

04/08/05

-1.6%

InterMune, Inc.

Health Care

Biotechnology & Drugs

-1.7%

MERCS

04/08/05

-8.4%

Mercer International Inc.

Basic Materials

Paper & Paper Products

-8.4%

MWY

04/08/05

-9.2%

Midway Games Inc.

Technology

Software & Programming

-11.1%

OSHC

04/08/05

-3.7%

Ocean Shore Holding Co.

Financial

S&Ls/Savings Banks

-3.8%

THLD

05/06/05

0.0%

Threshold Pharmaceuticals, Inc.

Health Care

Biotechnology & Drugs

0.0%

TRCA

04/29/05

13.1%

Tercica, Inc.

Health Care

Biotechnology & Drugs

0.0%

VSTA

04/08/05

-3.7%

VistaCare, Inc.

Health Care

Healthcare Facilities

-7.8%

ZHNE

05/06/05

0.0%

Zhone Technologies, Inc.

Technology

Communications Equipment

0.0%

 

 

      Companies with net cash positions that comprise at least 40% of their share price are listed in Table 3B. 

 

Table 3B

Capital Rich Companies Filter as of 05/07/05

 

Stock

Reference

% Chg

Company

Sector

Industry

% from Max

ACP

04/08/05

4.3%

American Real Estate Partners, L.P.

Services

Casinos & Gaming

0.0%

ADZA

04/08/05

11.8%

Adeza Biomedical Corporation

Health Care

Biotechnology & Drugs

0.0%

BCGI

05/06/05

0.0%

Boston Communications Group Inc

Services

Communications Services

0.0%

CDCO

04/22/05

-4.4%

COMDISCO HLDG CO INC

Services

Rental & Leasing

-4.4%

EXAR

04/29/05

3.7%

Exar Corporation

Technology

Semiconductors

0.0%

FDRY

04/29/05

-1.2%

Foundry Networks, Inc.

Technology

Communications Equipment

-1.2%

NCTY

04/08/05

35.6%

The9 Limited

Services

Business Services

0.0%

VNUS

05/06/05

0.0%

VNUS Medical Technologies, Inc.

Health Care

Medical Equipment & Supplies

0.0%

WSC

04/08/05

-4.1%

Wesco Financial Corp.

Conglomerates

Conglomerates

-5.3%

WZEN

04/22/05

-1.9%

Webzen Inc. (ADR)

Technology

Computer Services

-3.8%

 

 

 

      For the screen in Table 3C, the number of selections is reduced by eliminating stocks having P/E’s greater than 30.

 

Table 3C

Growth Momentum Watch List as of   05/07/05

Stock

Reference

% Chg

Company

Sector

Industry

% from Max

BDK

04/29/05

0.6%

The Black & Decker Corporation

Consumer Cyclical

Appliances & Tools

-0.2%

CHE

05/06/05

0.0%

Chemed Corporation

Services

Business Services

0.0%

CRAI

03/18/05

5.0%

Charles River Associates Incorporated

Services

Business Services

0.0%

ORCC

05/06/05

0.0%

Online Resources Corp.

Technology

Computer Services

0.0%

OSK

03/12/05

-4.3%

Oshkosh Truck Corporation

Consumer Cyclical

Auto & Truck Manufacturers

-8.9%

PNR

05/06/05

0.0%

Pentair, Inc.

Conglomerates

Conglomerates

0.0%

PTRY

04/29/05

6.2%

The Pantry, Inc.

Services

Retail (Grocery)

-0.5%

SFY

04/22/05

-2.3%

Swift Energy Company

Energy

Oil & Gas Operations

-5.7%

SPF

05/06/05

0.0%

Standard Pacific Corp.

Capital Goods

Construction Services

0.0%

SYT

04/08/05

-1.3%

Syngenta AG (ADR)

Basic Materials

Chemical Manufacturing

-2.6%

TDY

04/29/05

2.3%

Teledyne Technologies Incorporated

Services

Business Services

-0.6%

UNH

04/15/05

5.5%

UnitedHealth Group Inc.

Financial

Insurance (Accident & Health)

0.0%

WOS

04/01/05

-5.8%

Wolseley plc (ADR)

Capital Goods

Misc. Capital Goods

-8.7%

ZNT

04/15/05

13.4%

Zenith National Insurance Corp.

Financial

Insurance (Property & Casualty)

-0.3%

 

 

 

 

      For the Peter Lynch screen in Table 3D, the number of selections is reduced by eliminating stocks having P/E’s greater than 30.  

 

 

Table 3D

Peter Lynch Value Watch List as of   05/07/05

 

Stock

Reference

% Chg

Company

Sector

Industry

% from Max

BLSC

04/22/05

1.3%

Bio-Logic Systems Corp.

Health Care

Medical Equipment & Supplies

-1.2%

CAJ

01/31/05

2.6%

Canon Inc. (ADR)

Technology

Computer Peripherals

-0.7%

CHL

03/18/05

5.2%

China Mobile (Hong Kong) Limited (ADR)

Services

Communications Services

-0.1%

CSLMF

12/13/04

-4.5%

Consolidated Mercantile (USA)

Basic Materials

Containters & Packaging

-10.1%

GGB

04/22/05

8.9%

Gerdau S.A. (ADR)

Basic Materials

Iron & Steel

0.0%

GMK

05/06/05

0.0%

Gruma S.A. de C.V. (ADR)

Consumer Non-Cyclical

Food Processing

0.0%

KEP

12/13/04

10.2%

Korea Electric Power Corporation (ADR)

Utilities

Electric Utilities

-0.9%

KOF

04/29/05

1.0%

Coca-Cola FEMSA, S.A. (ADR)

Consumer Non-Cyclical

Beverages (Non-Alcoholic)

-0.4%

MKTAY

04/15/05

10.4%

Makita Corporation (ADR)

Consumer Cyclical

Appliances & Tools

0.0%

NHY

04/29/05

2.1%

Norsk Hydro ASA (ADR)

Conglomerates

Conglomerates

0.0%

NL

04/22/05

-5.2%

NL Industries, Inc.

Basic Materials

Chemical Manufacturing

-7.7%

NOLD

12/13/04

64.9%

Noland Company

Capital Goods

Misc. Capital Goods

-0.7%

NTE

05/06/05

0.0%

Nam Tai Electronics, Inc.

Technology

Electronic Instruments & Controls

0.0%

PKX

04/29/05

4.6%

POSCO (ADR)

Basic Materials

Iron & Steel

0.0%

RD

04/29/05

1.8%

Royal Dutch Petroleum Company (ADR)

Energy

Oil & Gas - Integrated

-0.4%

SC

04/29/05

0.7%

Shell Transport & Trading (ADR)

Energy

Oil & Gas - Integrated

-0.9%

SHI

04/22/05

0.2%

Sinopec Shanghai Petrochemical Co. (ADR)

Energy

Oil & Gas Operations

-0.1%

SKM

02/07/05

0.3%

SK Telecom Co., Ltd. (ADR)

Services

Communications Services

-6.5%

TKS

04/15/05

-6.4%

Tomkins plc (ADR)

Conglomerates

Conglomerates

-7.4%

TM

12/13/04

-0.9%

Toyota Motor Corporation (ADR)

Consumer Cyclical

Auto & Truck Manufacturers

-9.2%

VCP

05/06/05

0.0%

Votorantim Celulose e Papel S.A (ADR)

Basic Materials

Forestry & Wood Products

0.0%

VLCCF

12/13/04

25.6%

Knightsbridge Tankers Limited

Transportation

Water Transportation

0.0%

YPF

04/15/05

9.2%

YPF Sociedad Anonima S.A. (ADR)

Energy

Oil & Gas Operations

-4.2%

 

 

 

      The filter for Warren Buffet style stock picking in Table 3E is for the intermediate to long term.  Two requirements were added.  One was to include only optionable stocks in order to find LEAPS opportunities.  The other requirement was to include only those stocks having a PE of 17 or less.  

 

 

 

Table 3E

Warren Buffett Value Watch List as of   05/07/05

 

 

Stock

Reference

% Chg

Company

Sector

Industry

% from Max

ABFS

04/29/05

4.2%

Arkansas Best Corporation

Transportation

Trucking

0.0%

ACS

04/29/05

0.6%

Affiliated Computer Services

Technology

Computer Services

-0.4%

APPB

04/29/05

2.6%

Applebee's Int'l, Inc.

Services

Restaurants

-0.2%

CACH

04/29/05

7.9%

Cache, Inc.

Services

Retail (Apparel)

0.0%

DHI

04/15/05

19.4%

D.R. Horton Inc.

Capital Goods

Construction Services

0.0%

DSPG

02/07/05

-4.0%

DSP Group, Inc.

Technology

Communications Equipment

-8.3%

ELBO

01/31/05

62.2%

Electronics Boutique Holdings Corp.

Services

Retail (Technology)

-0.1%

HDI

04/15/05

6.7%

Harley-Davidson, Inc.

Consumer Cyclical

Recreational Products

-0.9%

HELE

04/15/05

-3.3%

Helen of Troy Limited

Consumer Cyclical

Appliances & Tools

-8.5%

LNCR

12/27/04

1.1%

Lincare Holdings Inc.

Health Care

Healthcare Facilities

-4.6%

LXK

04/29/05

-2.0%

Lexmark International, Inc.

Technology

Computer Peripherals

-2.0%

NUE

04/15/05

9.7%

Nucor Corporation

Basic Materials

Iron & Steel

-0.1%

PGR

12/27/04

10.4%

The Progressive Corp.

Financial

Insurance (Property & Casualty)

-0.3%

RS

04/15/05

2.4%

Reliance Steel & Aluminum

Basic Materials

Misc. Fabricated Products

-4.1%

SRT

05/06/05

0.0%

StarTek, Inc.

Services

Business Services

0.0%

STLD

04/15/05

-1.4%

Steel Dynamics, Inc.

Basic Materials

Iron & Steel

-8.1%

THO

04/15/05

5.7%

Thor Industries, Inc.

Capital Goods

Mobile Homes & RVs

-2.7%

TLK

04/29/05

3.5%

PT Telekomunikasi Indonesia (ADR)

Services

Communications Services

0.0%

TSCO

04/22/05

1.5%

Tractor Supply Company

Services

Retail (Home Improvement)

-0.7%

VLCCF

02/21/05

11.6%

Knightsbridge Tankers Limited

Transportation

Water Transportation

0.0%

 

 

      The stocks from Benjamin Graham’s style of utility investing are listed in Table 3F.  A requirement was added to include only those stocks having a PE of 17 or less.  

 

 

Table 3F

Benjamin Graham Utility Watch List as of   05/07/05

 

Stock

Reference

% Chg

Company

Sector

Industry

% from Max

ATG

04/29/05

0.1%

AGL Resources Inc.

Utilities

Natural Gas Utilities

-0.7%

ATO

04/01/05

-0.7%

Atmos Energy Corporation

Utilities

Natural Gas Utilities

-3.3%

CEG

04/29/05

0.5%

Constellation Energy Group

Utilities

Electric Utilities

0.0%

CPK

05/06/05

0.0%

Chesapeake Utilities

Utilities

Natural Gas Utilities

0.0%

KEP

01/10/05

19.0%

Korea Electric Power Corporation (ADR)

Utilities

Electric Utilities

-0.9%

NFG

04/08/05

-5.5%

National Fuel Gas Co.

Utilities

Natural Gas Utilities

-7.6%

OKE

04/15/05

4.3%

ONEOK, Inc.

Utilities

Natural Gas Utilities

-0.3%

PGN

01/10/05

-3.6%

Progress Energy, Inc.

Utilities

Electric Utilities

-5.6%

PNW

01/10/05

-1.4%

Pinnacle West Capital

Utilities

Electric Utilities

-3.3%

SRE

01/10/05

8.2%

Sempra Energy

Utilities

Natural Gas Utilities

-7.2%

WPS

02/07/05

3.4%

WPS Resources Corp

Utilities

Electric Utilities

-2.7%

 

 

4.0           Results

 

      This section lists historical results of stock and options trades.

 

4.1 Stock Trades

 

Table 4A

Closed Stock Trades

 

Stock

Ref Date

Ref.  Price

Last

Action

P/L(%)

Status

TXU

11/22/04

63.98

$82.75

Long

29.3%

Closed 04/14

SID

12/20/04

18.49

$21.95

Long

18.7%

Closed 04/08

AET

01/03/05

61.40

$71.24

Long

16.0%

Closed 04/14

AAPL

01/10/05

34.48

$37.26

Long

8.1%

Closed 04/14

TS

01/10/05

46.61

$54.89

Long

17.8%

Closed 04/14

MDRX

02/07/05

11.25

$13.50

Long

20.0%

Closed 04/14

VLO

02/07/05

58.26

$72.18

Long

23.9%

Closed 04/14

PCO

02/14/05

53.51

$57.49

Long

7.4%

Closed 04/14

BYD

02/18/05

49.96

$54.38

Long

8.8%

Closed 04/14

RETK

03/04/05

8.49

$11.25

Long

32.5%

Closed 04/12

WDC

04/09/05

13.78

$12.67

Long

-8.1%

Closed 04/14

ISRG

04/15/05

47.92

43.15

Long

-10.0%

Closed 04/22

WYNN

04/21/05

55.65

57.68

Short

-3.6%

Closed 04/26

UTHR

04/21/05

51.37

48.62

Long

-5.4%

Closed 05/02

DJ

04/15/05

33.98

33.08

Short

2.6%

Closed 05/02

GM

04/15/05

25.60

30.29

Short

-18.3%

Closed 05/03

 

Average Stock P/L in 2005 = 8.7%

Number of Closed Stock Trades in 2005 = 16

Hypothetical Profit at $1,000 per Trade = $1,399.08

 

4.2             Option Trades

Table 4B

Closed Option Trades

 

Stock

Buy Date

Buy Price

Last

Action

P/L(%)

Option

URBN

11/23/04

11.50

$9.00

Sold 11/30

-21.7%

URQ FG JUN 35.00 CALL

TXU

11/23/04

11.30

$6.30

Sold 12/2

-44.2%

TXU DK APR 55.00 CALL

USG

11/23/04

8.40

$12.80

Sold 12/15

52.4%

MAY 25.00 CALL

ADSK

12/20/04

8.20

$9.20

Sold 12/23

12.2%

ADQ GN JUL 70.00 CALL

MON

12/20/04

3.80

$4.80

Sold 12/23

26.3%

MON GJ JUL 50.00 CALL

POT

12/20/04

7.00

$8.00

Sold 12/23

14.3%

POT FP JUN 80.00 CALL

TXI

12/20/04

5.50

$9.00

Sold 12/23

63.6%

TXI GL JUL 60.00 CALL

AET

01/07/05

5.70

$7.10

Sold 01/19

24.6%

AET GX JUL 135.00 CALL

CLF

01/07/05

7.30

$9.20

Sold 01/19

26.0%

CLF GJ JUL 50.00 CALL  

MTH

01/21/05

6.80

$9.20

Sold 02/01

35.3%

MTH FZ JUN 62.50 CALL  

BZH

01/31/05

13.70

$17.30

Sold 02/01

26.3%

BZH HJ AUG 150.00 CALL

KBH

01/31/05

9.20

$11.10

Sold 02/01

20.7%

KBH GU JUL 110.00 CALL

BHP

01/28/05

2.25

$2.70

Sold 02/01

20.0%

BHP HE AUG 25.00 CALL

X

01/25/05

5.30

$4.90

Sold 02/02

-7.5%

X GK JUL 55.00 CALL

SFI

01/24/05

0.75

$0.30

Sold 02/04

-60.0%

SFI PH APR 40.00 PUT

EBAY

02/07/05

6.80

$5.60

Sold 02/08

-17.6%

XBA SO JUL 75.00 PUT

CCJ

02/04/05

6.60

$10.20

Sold 02/11

54.5%

CCJ IG SEP 35.00 CALL

MON

02/04/05

8.00

$8.20

Sold  02/15

2.5%

MON GJ JUL 50.00 CALL

TOL

01/02/00

7.10

$7.30

Sold 02/17

2.8%

TOL IR SEP 90.00 CALL

BZH

02/09/05

14.60

$16.90

Sold 02/17

15.8%

BZH HN AUG 170.00 CALL

KBH

02/07/05

11.10

$10.40

Sold 02/18

-6.3%

KBH GC JUL 115.00 CALL

VLO

02/24/05

6.98

$8.70

Sold 03/02

24.6%

VLO IN SEP 70.00 CALL

TXU

02/25/05

3.55

$4.70

Sold 03/04

32.4%

TXU GP JUL 80.00 CALL

SWN

03/03/05

6.50

$5.00

Sold 03/11

-23.1%

SWN IL SEP 60.00 CALL

GM

03/09/05

2.20

$5.80

Sold 03/17

163.6%

GM UZ SEP 32.50 PUT

VLO

03/17/05

6.60

$7.50

Sold 03/18

13.6%

YGY AP JAN 80.00 CALL

BHP

02/24/05

2.25

$2.40

Sold 03/22

6.7%

BHP HF AUG 30.00 CALL

QQQQ

03/29/05

1.05

$0.85

Sold  03/31

-19.0%

QQQ RJ JUN 36.00 PUT

TNX

03/14/05

6.80

$4.80

Sold 04/07

-29.4%

TNX LI DEC 45.00 CALL

PCO

03/17/05

5.00

$6.50

Sold 04/12

30.0%

PCO IL SEP 60.00 CALL

VLO

04/04/05

10.30

$11.10

Sold 4/11

7.8%

YGY AP JAN 80.00 CALL

AAPL

04/12/05

4.40

$2.25

Sold 4/14

-48.9%

QAA GV JUL 42.50 CALL

PCO

04/19/05

5.70

$13.20

Sold 04/25

161.6%

PCO IL SEP 60.00 CALL

VLO

04/19/05

8.80

$10.50

Sold 04/25

19.3%

YGY AP JAN 80.00 CALL

WYNN

04/21/05

6.40

$5.20

Sold 04/26

-18.8%

UWY UK Sep 55.00 PUT

WYNN

04/26/05

2.75

$2.20

Sold 04/28

-20.0%

UWY FL JUN 60.00 call

DJ

04/18/05

2.70

$2.60

Sold 05/03

-3.7%

DJ UG SEP 35.00 PUT

UTHR

04/25/05

5.20

$4.70

Sold 05/03

-9.6%

FUH HJ AUG 50.00 CALL

 

 

Average Option P/L in 2005 = 13.7%

Number of Closed Option Trades in 2005 = 31

Hypothetical Profit at $1,000 per Trade = $4,241.01

 

5.0 Conclusion

 

      Performance since the beginning of 2005:

 

Average Profit Per Trade in 2005:

Stock Advisory            +8.7%

Options Advisory         +13.7%

 

Major Indices in 2005

DOW:              -4.2%

NASDAQ:       -9.8%

S&P500:          -3.4%

Russell 2000     -8.7%

 

 

Appendix

Investment Conference Schedule

      Below are links to conference registration sites where you can sign up.  

 

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