Monday, December 03, 2007

12/3/07 Stock Purchase Update - Benefited From the Rebound

In my 11/26/07 stock purchase update, I wrote about how the 10/15/07 updated buy list of Potash (POT), Southern Copper (PCU), and CNH Global (CNH) was performing. In that article the portfolio was showing the effects of the market correction, but was still up $1577.90 for a 14.8% return, down from previous week's high of $2073.90 for a 19.5% return. On 11/27/07, I purchased 50 shares of BHP Billiton (BHP) at $71.54. As of 11/30/07, the portfolio achieved a new high of $3,041 for a 21.4% gain. The new purchases of PCU, CNH and BHP are now up $616.40 for a 5.8% return. Here's the current status of 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. However, the Fed interest rate cuts lead me to believe the bull market will last through summer, 2008, although it may be choppy. At this time, I plan only to invest a limited amount in the buy selections.

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

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