Monday, September 17, 2007

9/17/07 Stock Purchase Update - Bracing For The Wild Ride This Week

In my 9/10/07 stock purchase update, I wrote about how my stock buy recommendations of Terex (TEX), Potash (POT), Shaw Communications (SJR) and Avnet (AVT) were performing. In that update, the portfolio was up $959 for a 5.5 % gain, down from a peak gain of $2310 and 13.2% on 7/23/07. As of 9/14/07, the portfolio is up slightly from last week at a $1,053 profit for a 6.0% gain. Also, I have sold half my position in Avnet (at $40.17 for a $184 gain) since my system dropped it off the buy list in the week ending 9/7/07 . 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) (dropped 9/7/07)100



* 2 for 1 split on 8/3/07

Overall, I am still happy with the performance of these four stocks, given that the overall decline of the market. Since the last update, POT and SJR were up slightly, TEX and AVT were down slightly. Thus, the overall portfolio was relatively unchanged. I plan to sell the remaining 100 shares in AVT during the next rally.

I continue to be impressed with my commitment 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 of volatility. Given the performance of the portfolio, I am glad I held my positions instead of allowing myself to be whipsawed by the market each week. However, the recent events (credit crunch, central bank interventions) have convinced me that the bull market is in its last stage, and I will consider closing out these positions during the next significant rally.

This week will be quite an exciting one, as the Fed will make an interest rate decision on Tuesday. Depending on whether a rate cut occurs and the magnitude, the market will either swing way up or way down. It will be a wild ride.

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

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

Copyright © 2007 Achievement Catalyst, LLC

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