Browsing Category: "FPF Value"
I added a half position in Wells Fargo & Company (WFC) today to the Fat Pitch Financials Portfolio. In my Marketocracy account that tracks this portfolio, my order for 1,400 shares of WFC at an average price of $34.85 was filled just before the market closed today. I based my decision in part on the news that Warren Buffett had [...]
The Fat Pitch Financials Portfolio ended the third quarter battered. This Marketocracy portfolio ended the month down -7.10% versus -8.84% for the S%P 500. Over the past quarter, the portfolio is down -1.77% versus -7.05% for the S%P 500 over the same period. Thankfully, the portfolio is still up 18.51% since inception. The annualized performance [...]
The market got nervous again today as this weekend’s financial rescue plan was presented to Congress, which appears likely to debate the plan. As stock prices declined again today, my bid for eBay (EBAY) was triggered at $21.75. I added a half position in this online auctioneer and online payment processor to the Fat Pitch [...]
Sotheby’s (BID) stock dropped almost 12% today just on the heals of a $198 million auction for Damien Hirst’s art earlier this week. This was a record sale for an auction by a single artist according to Sotheby’s. The auction total was much higher than any of the expectations I saw published. So what’s with the steep [...]
The Fat Pitch Financials Portfolio has maintained its downward trajectory this past month. The portfolio ended June with a balance of $1,225,136.89 versus the May balance of $1,291,425.91. On a positive note, while the Fat Pitch Financials Port was down only 4.09%, the S&P 500 was down 8.43% this past month according to the Fat Pitch Financials [...]
I just wanted to provide you with a quick update on the Fat Pitch Financials Portfolio. This Marketocracy portfolio ended the month of May with a total value of $1,291,425.91 (the account started with $1 million). The portfolio was down 1.48% for the month of May. For the last 12 months, the portfolio is down 2.58%. Nevertheless, [...]
Today I added shares of art auction house Sotheby’s (BID) to the Fat Pitch Financials Portfolio. The shares were purchased earlier this morning for an average price of $24.55. As is typical with any new purchase, shares of Sotheby’s dropped further today to a low of $23.75. It always seems like a little pain is [...]
The Fat Pitch Financials Portfolio was down 1.21% in April. Considering that the S&P 500 was up 4.87% last month, this performance was rather disappointing. Looking back over the past 12 months, performance was was a bit better. The Fat Pitch Financials Port was up 0.36% versus a negative -4.93% for the S&P 500. Most importantly, [...]
The Fat Pitch Financials Portfolio first quarter 2008 performance update is a bit overdue at this point. I’ve been playing around with the new SEC EDGAR XML feeds all week and a few things have taken a backseat, including this post. It’s been a tough quarter for stocks. The S&P 500 was down 9.44%. Thankfully, the Fat [...]
I went shopping for diapers at Amazon (AMZN) today, and I discovered a big mistake. I use an old email account for my Amazon account, which is also the same email address that I use for my Marketocracy account. I haven’t check this email address in well over a week. I found the following email in [...]
