Technology Returns

Description

Technology sector above $500M. Names are ranked on the same four keys as the large-cap sleeve: both model heads (positive and volatility), price against analyst target, and analyst rating. Holds up to 5 names with no maximum hold: a position leaves when it falls out of the ranking or hits its 25% stop-loss.

Strategy

Equal capital is invested in every stock recommendation. Recommendations are published a few hours before the open, and each one is placed as a market order with a 25% stop-loss attached, so buys and sells fill at the opening price. If the price touches the stop during the day, the position is sold there, at 75% of its entry price. There is no maximum holding period: a position exits when it drops out of the ranking or when the stop is hit. Reported returns are measured from those opening prices and include every stop-loss exit.