There have been a higher than normal weekly turnover in stocks included in the evaluation, which sometimes signals a correction in the market. The table shows the set of three stocks on my buy list and the one stock that was sold because it has dropped off the buy list.
|My Wealth Builder Buy List|
|Stock, Shares and Purchase Date||Purchase Price||Date Sold||Price Sold|
|Avnet (AVT), 200, 4/20/07||$38.11|
|C. B. Richard Ellis (CBG), 200, 4/20/07||$36.39|
Since my April 23, 2007 post, Cognizant Technology (CTSH) and C. B. Richard Ellis (CBG) have dropped off my buy list. While I had not purchased CTSH yet, I sold CBG on 5/7/07 and 5/8/07 at $37.47 and $37.31, for a small gain of about 3%. I continue to hold AVT, which closed at 43.07 on May 11, 2006. At this time, I still have not purchased Coach (COH) or Albemarle (ALB), which is fortunate since COH is down about $5 and ALB is down about $2 during this period.
For now, I do not plan to make any additional purchases since the indicators in my system show the market may correct soon.
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This is not financial advice. Please consult a professional advisor.
Copyright © 2007 Achievement Catalyst, LLC