2007 2nd Quarter Portfolio Report
Current Holdings
As of June 29, 2007
| Symbol | Position | shares | Price |
| FCX | Long | 62 | 82.82 |
| CEO | Long | 62 | 113.69 |
| ACH | Long | 25 | 42.7 |
| MT | Long | 99.358 | 62.40 |
| PTR | Long | 35 | 148.68 |
| T | Short | 86 | 41.50 |
| AHM | Dividend | 123 | 18.38 |
Current Investment Strategy
I am an enterprise investor. Due to limited amount of leisure, I focus only in a few concentrated sectors and companies. About 90 percent of my holdings are in long-tem stocks. The other 10 percent are in short-term investments based on sound speculation, such as expected earnings, seasonal growth, hedge against current market movements.
I use the method of selective dollar cost averaging for monthly entrances, a quarterly portfolio assessments for intra-fund movements, and focused long-term investing in sound and well managed businesses with great growing potential that are valued fair and priced well.
Current Quarter Activities
The current strategy is to continue hold Long positions with periodic entrances to ones that dropped the most in price. Sell T when price is favorable to reduce funds in Short and Speculative positions. AHM is used as dividend long term stock, but due to current crisis for sub-prime and financial sector, dump AHM if necessary. Other utilities high div yield stocks are PWI and ERF.
Next Quarter Forecasts and Strategy
Watch housing and mortgage markets, possibly drop AHM. If mortgage severs, it might affect market movement to bearish, which can cause sell off in other high growth stocks for institutional and investors. If further worsens, FED might reduce rates to alleviate the problem, which then turn the Market into a positive one. In such case, buy more Long position, since the fundamental of the Long companies have not changed. As matter of fact, each of the Long positions had continuing to expand, according to the news from this quarter. Keep look out for High-Tech, going back to school, Christmas shopping, high tech, stocks for possible speculative purchase and hold through third and fourth quarters, dump after first quarter earnings in 2008. Then switch to Chinese stock. Chinese stock remain strong growth due to, current lowered valuation, continuing of Chinese current appreciation, Olympics of 2008, and the pretty girls effect of the Chinese government in strong support for the growth of its foreign listing companies. Both MT and FCX, although are not Chinese company, but they have an indirectly relationship to Chinese development. Also, might keep eye on other basic material companies, other than metals, oil and gas, to diversify a little. Eye on targets: GRMN, LFC, CHL, WMT, AMZN, BIDU, and BEIJF.