I was disappointed that the system yielded only one stock for my buy list. In this update, no stocks passed all the Modified criteria and only one of the Top 5 picks appealed to me. Since I expect a market bottom is near, I will start reviewing the list at least every two weeks, in case the system identifies additional buys.
|My Wealth Builder Buy List - 1/12/09|
|Stock||System Used||Target Price||Target Shares|
|Southwestern Energy (SWN)|
less than $23
At this time, I plan to sell out of the money puts (strike price 17.5 to 22.5) on Southwestern Energy. Since I already own 50 shares, this approach will let me profit if the stock moves up or buy at a lower price if the stock moves down. My other option is to buy the stock outright if there is a market correction.
Disclosure: At time of publication, I own shares Southwestern Energy in our trading account.
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