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Security Selection

Security Selection. Group No.4 Investmentgo 鮑倫慈 經濟三 朱振瑋 經濟三 廖彥智 經濟三 劉傳偉 經濟二. Current Top 5 Holdings. Failures. Philip Morris International Inc. Stock Option expired on 4/19,2014 , strike price=$85.00 Kate Spade & Co. PM Stock Option.

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Security Selection

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  1. Security Selection Group No.4 Investmentgo 鮑倫慈 經濟三 朱振瑋 經濟三 廖彥智 經濟三 劉傳偉 經濟二

  2. Current Top 5 Holdings

  3. Failures • Philip Morris International Inc. StockOption expired on 4/19,2014 , strike price=$85.00 • Kate Spade & Co

  4. PM Stock Option Price crashed due to weak 1Q profit (fell by 12%) Option price=$0.02 Peak : option price=$0.88 Gained over $1500 Purchase 20 call options@$0.12 Stock price=$83.15 Stock price=$80.47 Stock price=$83.52

  5. Review • Total loss:$440(0.12*20*100+10*20) • Why strategy failed • Relative high commission • Not noticing the approaching expiration date • Didn’t aware of the date for quarter release

  6. Kate Spade & Co 4/4:”Average down strategy ” buy 200 shares@$34.86 3/13:Buy 200 shares@$37.81

  7. Review • 5/2 stock price:$35.47 Avg. cost=$36.34 Current Loss: $346 , -2.38% • Shortcomings • In lack of prior research in fashion industry • Overrated the potential growth

  8. Success stories • Taiwan Semiconductor Manufacturing Company Ltd. (ADR) • Google Inc.

  9. TSMC ADR 3/27:Sell 50 shares@ $20.00 3/20:Buy 300 shares@ $18.53 3/27:Sell 250 shares @ $19.452(Avg.)

  10. Google Inc. Shorted 15 shares @ $1160 Covered @ $1113.9

  11. Brief Summary &Current Strategy • Execute stop-loss decision strictly • Collect more information before trading • Increase the proportion in day-trading

  12. Thank you!

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