The overall portfolio gained 0.6% last week and now has total return of 21.3%. I sold Potash, to take advantage of a 0% long term gain tax rate, and Intuitive Surgical because its price had been below 50 day moving average for a while. My remaining holding is 20 shares of Google. Here's the current status of the the portfolio:
|Stock [purchase date]||Shares||Purchase Price|
Price When Sold
|Potash (POT) [6/7/07]||50|
sold 6/9/2008 @ 223.56
|Southern Copper* (PCU) [11/13/07]||40|
sold 2/19/08 @ 109.05
|CNH Global NV** (CNH) [11/13/07]||50|
sold 4/07/08 @ 56.87
|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.
Stock [purchase date]
Current Price 6/13/08
|Apple** (AAPL) [1/17/08]||25|
sold 4/25/08 @ $169.06
|Research in Motion (RIMM) [1/17/08]||25|
sold 2/22/08 @ 103.23
|Intuitive Surgical (ISRG) [1/18/08]||20|
sold 6/9/2008 @ 274.95
|Priceline (PCLN) [1/18/08]||25|
sold 5/20/08 @ 132.10
|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|
sold 5/12/08 @ 582.12
|Google** (GOOG) [2/26/08]||10|
sold 4/29/08 @ 552.99
*On 2/8/2008, the system gave a sell signal for CLB.
** On 3/7/2008, the system gave a sell signal for AAPL and GOOG. However, instead of selling at a loss, I will move this portfolio's remaining 20 shares of GOOG to my core holdings.
The market continues to be choppy. As of the close on 6/13/08, the Dow, Nasdaq and S&P 500 indices were respectively down 6.09%, 7.46%, and 6.47% year to date. Although significantly up from lows of 9.37%, 16.58% and 11.86% in my 3/17/08 Stock Purchase Update, the Nasdaq and S&P 500 are down about 0.8% from the previous week.
I continue to believe that the probability of a recession in 2008 is relatively high, if we are not already in one. 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 has caused the bull market to end earlier. For either case, I expect the market to continue to be choppy in 2008 with many short term rallies and declines. For now, I plan to close out the 10/15/2007 and January, 2008 buy lists. The remaining Google shares will be moved to my core holding portfolio. Hopefully, they can be sold in the future at a gain.
Overall, I am happy with the 27.9% gain from the sold shares. I will be updating the modified Unemotional Investor Growth stock buy list to identify new potential purchases for my trading portfolio.
Full disclosure: At the time of publication, I own shares of Google.
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This is not financial or investment advice. Please consult a professional advisor.
Copyright © 2008 Achievement Catalyst, LLC