Monday, December 10, 2007

12/10/07 Stock Purchase Update - New Portfolio High

In my 12/3/07 stock purchase update, I wrote about how the 10/15/07 updated buy list of Potash (POT), Southern Copper (PCU), CNH Global (CNH) and BHP Billiton (BHP) was performing. In that article, the portfolio had just achieved a new high of $3,041 for a 21.4% gain. As of 12/7/07, the portfolio achieved another new high of $4,024 for a 28.3% gain. The new purchases of PCU, CNH and BHP are now up $1,134 for a 10.6% return. Here's the current status of the stocks I own in the portfolio:

My Wealth Builder
10/15/07 Buy List
Stock [purchase date]SharesPurchase

Current Price

Potash (POT) [6/7/07]50



Southern Copper (PCU) [11/13/07]40



CNH Global NV (CNH) [11/13/07]50



BHP Billiton (BHP) [11/27/07]50



The market activity continues to be concerning, with either narrow breadth or a high number of new lows. I believe that the probability of a recession in 2008 is relatively high. The multitude of negative factors will eventually outweigh any actions by the government. However, the Fed interest rate cuts lead me to expect that the bull market will last through summer, 2008, although it may be choppy. At this time, I do not plan to add any more to the amounts that I have already invested in the above table.

For more on Strategies and Plans , check back every Monday for a new segment.

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

Copyright © 2007 Achievement Catalyst, LLC

2 comments: said...

Love the POT! That didn't sounds so good, but the trade sure looks great. I looked at it again today and although there has been slight short term weakness it still looks like a strong market.


Smart Scan Chart Analysis continues positive longer term. Look for this market to remain firm. Strong Uptrend with money management stops. A triangle indicates the presence of a very strong trend that is being driven by strong forces and insiders.

Based on a pre-defined weighted trend formula for chart analysis, POT scored +90 on a scale from -100 (strong downtrend) to +100 (strong uptrend):

-10 Last Hour Close Below 5 hour MA
+15 3 Day High on Tuesday
+20 Last Price Above 20 Day MA
+25 3 Week High, Week Ending Dec 15
+30 New 3 Month High in December

+90 Total Score

Oh and by the way congrats on your super early retirement.

Happy holidays,

Lindsay at the TradersBlog

George said...

It looks like your portfolio is doing great. I'm sure this week's readers of the Festival of Stocks will find this update interesting.