|Stock [purchase date]||Shares||Purchase Price|
Current Price 3/28/08
|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 3/28/08
|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.
** On 3/7/2008, the system gave a sell signal for AAPL and GOOG.
I will try to sell AAPL in an upcoming rally. I plan to hold GOOG since it is part of my core holdings.
The market appears to still be at a near term bottom. As of the close on 3/28/08, the Dow, Nasdaq and S&P 500 indices were respectively down 7.36%, 14.75%, and 10.53% year to date, still up from lows of 9.37%, 16.58% and 11.86% in my 3/17/08 Stock Purchase Update.
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 already 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. At this time, I plan to sell CNH, AAPL into a near term rally and continue to hold the balance of the portfolio. 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