Chris Lau - Seeking Alpha

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Thursday, April 10, 2014

Q1 2014 Performance Review

Originally posted here: http://seekingalpha.com/instablog/71188-chris-lau/2828863-q1-2014-performance-review
To measure investment calls more accurately, positions added and removed throughout the quarter were recorded on Kapitall (off topic: which just made a major redesign today). The practice portfolio, which mirrors some of the real-world trades, peaked with a total return of 47.4%:
(click to enlarge)
The six-month performance looks much better, since it outperformed the S&P 500.
(click to enlarge)
6 Month return ~ 17%
Q1 2014 Return: ~7%
Chart as at April 10 2014
With the Nasdaq dropping 129.79 (3.10%) on April 10, 2014 and the S&P 500 dropping 39.10 points (2.09%), this portfolio might finally start to outperform the index.
The allocation in (AMD) continues to fluctuate. The chip maker is likely range-bound in the short term, but the intention is to build a large position throughout 2014. Closing below $4, AMD should be valued at much higher prices as profitability improves. The top three positions in this portfolio are:
  1. Bombardier (BDRAF)
  2. SeaDrill (SDRL)
  3. BlackBerry (BBRY)
Note: $66,000 / $144,425 available in the Kapitall portfolio is in cash.
Companies viewed as having value include: Nuance (NUAN) and Arena Pharma (ARNA).
Position in Kindred (KIN) and (ADHD) might increase in the current quarter.

Saturday, March 29, 2014

Facebook and Oculus Innovative Sciences

This is what happens when speculators confuse Facebook's acquisition of Oculus VR with the other company, Oculus Innovative Sciences, Inc.

Image Source: finviz