Bookkeeping: New Position in XXXX (XXXX) to Create Alternative Energy Mini Basket

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Bookkeeping: New Position in XXXX (XXXX) to Create Alternative Energy Mini Basket

27 June 2008, 11:30 am
by Fund my Mutual Fund

I'll update the name and some background in today's new name in an edit later but I am trying to build a 3 position basket of "alternative energy" (non solar) names. I started this basket with a small stake in American Superconductor (AMSC) which I actually added a bit to here as it pulls back to $36 and fills a gap from June 9th. [Jun 12: Starting a Beachhead in American Superconductor (AMSC)]

I'll update the next name when I have time to write a more full piece.

The third name is like a coal stock - it never pulls back :) I might just have to bite the bullet one of these days and buy it as its up 68% in the 6 weeks I've been watching it. And that's after a huge gap up post earnings. Grrr...

All these are highly speculative so as a basket I'll probably limit them to 5%ish of the portfolio, in case one implodes or is more hype than reality.

Today's purchase in American Superconductor pushes it up to a 1.65% stake.
The purchase in the new name is a 1.65% stake and comes after a 5 session pullback of 22%.

Long American Superconductor and TBD in fund; long TBD in personal account

Mission: Raise $7M from readers to launch a real mutual fund; this is my journey. By providing a transparent platform for a \\\'virtual\\\' growth mutual fund, I\\\'ll create a mechanism by which readers can view my thought process & results in creating a 3 year return worthy of investment. I\\\'ll invest in 50-60 positions with secular growth trends such as: global infrastructure, agriculture, energy, digital entertainment, etc. Economic and social commentary thrown in along the way. Comments welcome!

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