The latest update of my buy list using this system was on 10/15/07. The previous update of my buy list was on 5/28/07. Interestingly, one stock, Potash (POT) was selected in both lists. Since Potash is the one remaining holding from the 5/28/07 list and two purchases have been made from the 10/15/07 updated buy list, this and future updates will be based on the 10/15/07 selections.
10/15/07 Buy List
|Stock [purchase date]||Shares||Purchase|
|Potash (POT) [6/7/07]||50|
|Southern Copper(PCU) [11/13/07]||40|
|CNH Global NV (CNH) [11/13/07]||50|
|BHP Billiton (BHP)||tbd|
While the buy list was created on 10/15/07, I had decided to wait before making any new purchases. Waiting a month has been fortuitous, since prices of my selections have dropped below their 10/15/07 price. At this point, the total portfolio is up $2073.90 for a 19.5% return. However, the new purchases of PCU and CNH are down slightly $9.10 for a -0.1% return.
The market activity continues to be concerning, with narrow breadth and a high number of new lows. However, the Fed interest rate cuts lead me to believe the bull market will last about another year, although it may be choppy. Currently, I am limiting my purchases until the market develops a more clear direction.
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This is not financial advice. Please consult a professional advisor.
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