8/13/07 Stock Purchase Update - The Difference a Day Makes

In my 8/6/07 stock purchase update, I wrote about how my stock buy selections of Terex (TEX), Potash (POT), Shaw Communications (SJR) and Avnet (AVT) were performing. The portfolio was up $495 for a 2.8% gain, down from a peak of $2310 and 13.2% on 7/23/07. At the close on 8/10/07, the portfolio only had a gain of $234 and a return of 1.3% since purchase. Due to hosting the Festival of Stocks #49, I delayed posting another update one day until this evening. As predicted in New Life For The Bull Market, the positions had excellent gains of up to 7% today, leading to a $913 gain and a 5.2% return 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 8/13/07
Terex (TEX)	50	$82.36	$78.30
Potash (POT)	50	$71.39	$87.57
Shaw Communications B (SJR)	100*	$21.755	$22.21
Avnet (AVT)	200	$38.11	$39.42

* 2 for 1 split on 8/3/07

Overall, I am still happy with the performance of these four stocks, given that the portfolio still has a positive return of 5.2%. Not bad for about 9-15 weeks of owning these stocks :-) Since the last update, TEX declined significantly, while AVT gained significantly (due to an upgrade by Citigroup) and POT 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 of volatility. However, the central bank interventions have convinced me that the bull market is in its last stage, and I will be looking to close out these positions during the next significant rally.

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

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