The latest update of my buy list using this system was on 10/15/07. The previous update of my buy list was on 5/28/07. Interestingly, one stock, Potash (POT) was selected in both lists. Since Potash is the one remaining holding from the 5/28/07 list and two purchases have been made from the 10/15/07 updated buy list, this and future updates will be based on the 10/15/07 selections.
10/15/07 Buy List | |||
|---|---|---|---|
| Stock [purchase date] | Shares | Purchase Price | Current Price |
| Potash (POT) [6/7/07] | 50 | $71.59 | $113.05 |
| Southern Copper(PCU) [11/13/07] | 40 | $108.24 | $110.05 |
| CNH Global NV (CNH) [11/13/07] | 50 | $55.22 | $53.59 |
| BHP Billiton (BHP) | tbd | tbd | tbd |
While the buy list was created on 10/15/07, I had decided to wait before making any new purchases. Waiting a month has been fortuitous, since prices of my selections have dropped below their 10/15/07 price. At this point, the total portfolio is up $2073.90 for a 19.5% return. However, the new purchases of PCU and CNH are down slightly $9.10 for a -0.1% return.
The market activity continues to be concerning, with narrow breadth and a high number of new lows. However, the Fed interest rate cuts lead me to believe the bull market will last about another year, although it may be choppy. Currently, I am limiting my purchases until the market develops a more clear direction.
For more on Strategies and Plans , check back every Monday for a new segment.
This is not financial advice. Please consult a professional advisor.
Copyright © 2007 Achievement Catalyst, LLC
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