Monday, August 06, 2007

8/6/07 Stock Purchase Update - The Pain Continues

In my 7/30/07 stock purchase update, I wrote about how my stock buy selections of Terex (TEX), Potash (POT), Shaw Communications (SJR) and Avnet (AVT) were performing. At that time, the portfolio was up $768 for a 4.4% gain, down from a $2310 and 13.2% from the previous week. However, the past week again was not kind to my portfolio. At the close on 8/3/07, the portfolio down 10.4% from the 7/23/07 update, but still up with gain of $495 and a return of 2.8% since buying the stocks. Here's the current status on the positions in these four stocks:

My Wealth Builder Buy List
StockSharesPurchase Price
Current Price
Terex (TEX)50
Potash (POT)50
Shaw Communications B (SJR)100*
Avnet (AVT)200

* 2 for 1 split on 8/3/07

Overall, I continue to be happy with the performance of these four stocks, given that the portfolio still has a positive return of 2.8%. Not bad for about 8-14 weeks of owning these stocks :-) Since the last update, TEX and AVT declined significantly, while POT gained significantly and SJR was flat.

I have been impressed with my ability to stay invested in these stocks, in spite of the market volatility. In the past, I would have closed out the entire position with this level volatility. I am now concerned that a correction may be happening sooner than my estimated timing of next year. If the market rallies this week and the new high to new low ratio remains weak, I may close out these positions.

For more on Strategies and Plans, check back every Monday for a new segment.

This is not financial or investing advice. Please consult a professional advisor.

Copyright © 2007 Achievement Catalyst, LLC

1 comment:

dong said...

Admit, you just want to buy POT because of it's ticker symbol. I like to meet the CFO who decided to go with POT.