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. One stock, Potash (POT), was selected in both lists. Thus, I am tracking the results of the 10/15/07 updated buy list, with Potash being purchased earlier. To be transparent, I will track the results with and without Potash, since it has gained significantly from its initial purchase in June, 2007.
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 my buy list was created on 10/15/07, I waited until November 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 $1577.90 for a 14.8% return, down from last week's high of $2073.90 for a 19.5% return. The new purchases of PCU and CNH are down $256.60 for a -3.6% return.
The market activity continues to be concerning, with either narrow breadth or 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 only making limited purchases until the market develops a more clear direction.
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This is not financial or investment advice. Please consult a professional advisor.
Copyright © 2007 Achievement Catalyst, LLC