|Stock [purchase date]||Shares||Purchase Price|
Current Price 2/29/08
|Potash (POT) [6/7/07]||50|
|Southern Copper* (PCU) [11/13/07]||40|
sold 2/19/08 @ 109.05
|CNH Global NV** (CNH) [11/13/07]||50|
|BHP Billiton*** (BHP) [11/27/07]||50|
sold 2/19/08 @ $73.98
*On 1/18/2008, the system gave a sell signal for PCU.
**On 2/1/2008, the system gave a sell signal for CNH.
***On 2/15/2008, the system gave a sell signal for BHP.
I will try to sell CNH during an upcoming market rally, hopefully above the purchase price.
Stock [purchase date
Current Price 2/29/08
|Apple (AAPL) [1/17/08]||25|
|Research in Motion (RIMM) [1/17/08]||25|
sold 2/22/08 @ 103.23
|Intuitive Surgical (ISRG) [1/18/08]||20|
|Priceline (PCLN) [1/18/08]||25|
|Core Labs* (CLB) [1/25/08]||25|
sold 2/19/08 @ $121.67
|Google (GOOG) [1/25/08]||20|
|Google (GOOG) [2/1/08]||10|
|Google (GOOG) [2/26/08]||10|
*On 2/8/2008, the system gave a sell signal for CLB.
The market activity is testing the short term bottom. As of the close on 2/29/08, the Dow, Nasdaq and S&P 500 indices were respectively down 7.11%, 14.36%, and 9.05% year to date, near or just past previous lows of 2008.
I continue to believe that the probability of a recession in 2008 is relatively high. The multitude of negative factors will eventually outweigh any actions by the government and financial institutions. Originally, the Fed interest rate cuts and other actions led me to expect that the bull market would last through summer, 2008. However, the economic data in early 2008 may cause the bull market to end earlier. For either case, I expect the market to continue to be choppy in 2008. At this time, I plan to sell CNH and continue to hold the balance of the portfolio. If the market goes down this week, I may also sell ISRG and PCLN. I do not plan to add any more to the amounts that I have already invested in the above tables.
Full disclosure: I own all the stocks mentioned in this post that are not indicated as sold.
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This is not financial or investment advice. Please consult a professional advisor.
Copyright © 2008 Achievement Catalyst, LLC