7/30/07 Stock Purchase Update - After The Carnage

In my 7/23/07 stock purchase update, I wrote about how my stock buy selections of Terex (TEX), Potash (POT), Shaw Communications (SJR) and Avnet (AVT) were performing. At that time, the portfolio was up $2310 for a 13.2% gain. However, the remaining four days of the week were not kind to my portfolio. At the close on 7/27/07, the portfolio down about 9%, but still up with gain of $768 for a return of 4.4% since buying the stocks. Here's the current status on the positions in these four stocks:

	My Wealth Builder Buy List
Stock	Shares	Purchase Price	Current Price 7/27/07
Terex (TEX)	50	$82.36	$83.50
Potash (POT)	50	$71.39	$77.73
Shaw Communications B (SJR)	50	$43.51	$49.35
Avnet (AVT)	200	$38.11	$38.62

Overall, I continue to be happy with the performance of these four stocks, given that the portfolio still has a positive return of 4.4%. Not bad for about 8-14 weeks of owning these stocks :-) Since the last update, TEX and AVT declined significantly, while POT declined slightly and SJR were flat.

I have been impressed with my ability to stay invested in these stocks, in spite of the market volatility. In the past, I would have closed out the entire position with this level volatility. However, while I believe we continue to be in a late stage bull market, I am concerned that the turning point may happen sooner than my estimated timing of next year. If the market turns significantly downward this week, I may close out these positions.

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This is not financial advice. Please consult a professional advisor.

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