No new picks.
Existing holdings:
| Symbol | Qty | Last | Gain($) | Gain(%) |
| AFAM | 7 | 41.25 | 17.36 | 6.40 |
| BABY | 12 | 22.04 | -25.32 | -8.74 |
| PEGA | 19 | 12.99 | -38.76 | -13.57 |
| WCG | 6 | 36.00 | -41.40 | -16.08 |
Contribution this week: $0
Starting account value = $2,072.34
Account value = $1,990.88 (without margin)
Buying power = $974.84
Portfolio Gain/loss this week = -3.93%
Portfolio Gain/Loss for SEPTEMBER 2008 = -5.89%
Portfolio Gain/loss since inception = -6.95%
Annual Return (CAGR): -6.95%
This week the market was pretty volatile. The entire value of the account dropped below $2,000, which is the limit for a margin. The margin was suspended until the balance rises back above this limit. Until then I adjusted my portfolio loss control plan to reflect this new buying power. No new trades shall be opened since the new settings show that the portfolio is over-invested. The portfolio also exceeded maximum amount allowed to risk. I will wait what would be the market direction next week and either contribute some funds to the portfolio or sell some positions to reduce risk.
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