BUS-432 Security Analysis (Huffman)
Tentative Schedule for Spring 2010
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All chapters are from the Reilly/Norton text (unless
noted otherwise) Introduction and Review: Ch 5: Review
IPS and asset allocation Ch
11: EIC methodology Day #1 2-02 Tuesday Day #2 2-04 Thursday (Article
& Market Student Presentations begin) WK1--Stock-Trak: Establish
initial position in buy and hold portfolio and in the active portfolio. Stock-Trak trading begins on Monday, February 8th and
ends on Friday, April 30th.
Students are required to establish a passive portfolio and active
portfolio using the given asset allocation using primarily ETFs (except for
Treasuries). Please note that all
trades for each week must be completed by Friday at 3pm (true for all weeks,
except if Friday is a holiday or if the market is closed for some other
reason). Also, be aware that volume may be an issue for
trading low volume securities.
Students may need to submit several smaller orders. Ch
11: EIC Methodology Ch 13: Economic
Analysis Day #3 2-09 Tuesday Stock-Trak
demonstration Day #4 2-11 Thursday Time for economy groups to meet WK2--Stock-Trak: 3 Stops, shorting (1 ETF) and buying on
margin (3 ETFs) only in active portfolio—Target active portfolio value of
$1,500,000 Ch 13: Economic
and Industry Analysis Day
#5 2-16 Tuesday WK1 Stock-Trak summary to
D2L dropbox by noon Day
#6 2-18 Thursday 4 Group Presentations of Economic Forecasts
(report
due to D2L discussion by noon) WK3--Stock-Trak: Rebalancing and buying mutual funds (buy mutual
funds, levered ETFs, and short ETFs) Ch 15: Company
Analysis and Stock Valuation ( Day #7 2-23 Tuesday WK2
Stock-Trak summary to D2L dropbox
by noon Day #8 2-25 Thursday Valuation discussion WK4--Stock-Trak: Use futures
contracts to increase or decrease exposure to commodities and foreign
currencies. Use bond index future
contracts to increase or decrease the interest rate risk of the active
portfolio. Ch 15: Company
Analysis and Stock Valuation (DCF, PE, and Firm Value) and Market Analysis Day #9 3-02 Tuesday WK3
Stock-Trak summary to D2L dropbox
by noon Day #10 3-04 Thursday
(Report
due to D2L discussion by noon) WK5--Stock-Trak: Use equity index future contracts to
increase or decrease systematic risk of the active portfolio. Use sector ETFs to
establish over- or under-weighting of sectors in the active portfolio. Ch
14: Financial Statement Analysis and
Example Ch
19: Equity futures Day #11 3-09 Tuesday WK4 Stock-Trak summary to
D2L dropbox by noon Day #12 3-11 Thursday
(Report due to D2L discussion by noon) WK6--Stock-Trak: Buy 3
stocks, 3 out-of-the money call options and 3 in-the-money calls on the same
three stocks. (see D2L announcement note
for option symbol) Day #13 3-16 Tuesday WK5 Stock-Trak summary to
D2L dropbox by noon, Remaining
6 Group Presentation of Sector Analysis
(Reports due to D2L discussion by noon) Day #00 3-17 Wednesday Exam #1 in
Testing Center (90 minutes maximum time) OR Day #14 3-18 Thursday Exam #1 in
Testing Center (90 minutes maximum time) SPRING BREAK WK7--Stock-Trak: No required
trades, but trades can occur (Turn in summary to dropbox
in D2L (due 3/30/2010
along with a summary of week 7 trading) WK8--Stock-Trak: Basic option
strategies: 3 Protective puts, 3
covered calls, Ch 15:
Company Analysis and ROE Ch 17:
Review Option Strategie Day #15 3-30 Tuesday Stock-Trak summaries to
D2L dropbox by noon (combined WK6 and WK7) Day #16 4-01 Thursday WK9--Stock-Trak: Advanced
option strategies: Long Straddle,
Short Straddle, Bull (or Bear) Spread and Collar Ch
14: Financial Statement Analysis and
Example Day #17 4-06 Tuesday WK8 Stock-Trak summary to
D2L dropbox before class Day #18 4-08 Thursday DRAFT of Company
Valuation Project due to D2L dropbox WK10--Stock-Trak: Trade 10
stocks, of which two are from a foreign exchange and two are ADRs Day #19 4-13 Tuesday WK9 Stock-Trak
summary to D2L dropbox by noon Day #20 4-15 Thursday EXAM #2 in Day #00 4-16 Friday EXAM #2 in WK11--Stock-Trak:
Begin to close derivative positions (especially, the low volume
contracts) Buy 3 and
short sell 2 of the stocks that were presented on Tuesday, and Buy 3 and short sel1 2 of the stock
that were presented on Thursday. Ch 21: Evaluation
of Portfolio Management Day #21 4-20 Tuesday WK10 Stock-Trak summary to D2L dropbox by
noon,
Company Presentations (PowerPoint to D2L dropbox
by noon) Day #22 4-22 Thursday Company
Presentations
(PowerPont and Final report to D2L dropbox by noon) WK12--Stock-Trak: Rebalance the portfolio to be within the asset
allocation guidelines after closing all
derivative positions and short positions (volume may
be an issue for closing some of these positions—try several times during the
week for low volume issues). Financial
articles Ch
16: Technical Analysis Ch 21: Evaluation
of Portfolio Management Day #23 4-27 Tuesday WK11 Stock-Trak summary to
D2L dropbox by noon Day #24 4-29 Thursday Financial articles Ch 21: Evaluation
of Portfolio Management Day #25 5-04 Tuesday 15 Stock-Trak
2 minute presentations (PowerPoint due by noon) Day #26 5-06 Thursday Remaining Stock-Trak
3 minute presentations (PowerPoint due by noon) Ch 5: Investment
Policy Statements and Asset Allocation Issues Day #27 5-11 Tuesday Stock-Trak Final Report due,
Discussion of Stock-Trak performance Day #28 5-13 Thursday In-Class EXAM (Location—CC23) |
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Note: No class on March 18 or April 15 (exams in testing center) |
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