The overall portfolio gained 0.8% last week and now has total return of 18.5%, with almost all the remaining holdings all being slightly positive. I decided to sell 10 shares of Google with the greatest gain, missing out on part of the rally this week. Here's the current status of the stocks in the portfolio:
| Stock [purchase date] | Shares | Purchase Price | Current Price 5/2/08 |
| Potash (POT) [6/7/07] | 50 | $71.59 | $186.61 |
| Southern Copper* (PCU) [11/13/07] | 40 | $108.24 | sold 2/19/08 @ 109.05 |
| CNH Global NV** (CNH) [11/13/07] | 50 | $55.22 | sold 4/07/08 @ 56.87 |
| BHP Billiton*** (BHP) [11/27/07] | 50 | $71.54 | sold 2/19/08 @ $73.98 |
*On 1/18/2008, the system gave a sell signal for PCU.
**On 2/1/2008, the system gave a sell signal for CNH.
***On 2/15/2008, the system gave a sell signal for BHP.
Stock [purchase date] | Shares | Purchase Price | Current Price 5/2/08 |
| Apple** (AAPL) [1/17/08] | 25 | $160.93 | sold 4/25/08 @ $169.06 |
| Research in Motion (RIMM) [1/17/08] | 25 | $88.71 | sold 2/22/08 @ 103.23 |
| Intuitive Surgical (ISRG) [1/18/08] | 20 | $261.81 | $290.03 |
| Priceline (PCLN) [1/18/08] | 25 | $92.33 | $128.38 |
| Core Labs* (CLB) [1/25/08] | 25 | $116.25 | sold 2/19/08 @ $121.67 |
| Google** (GOOG) [1/25/08] | 20 | $582.66 | $581.29 |
| Google** (GOOG) [2/1/08] | 10 | $521.27 | $581.29 |
| Google** (GOOG) [2/26/08] | 10 | $457.44 | sold 4/29/08 @ 552.99 |
*On 2/8/2008, the system gave a sell signal for CLB.
** On 3/7/2008, the system gave a sell signal for AAPL and GOOG. Previously, I had planned to hold GOOG since it is part of my core holdings. However, now I will sell this portfolio's remaining 30 shares (or an equivalent number of shares purchased earlier) of GOOG over the next few weeks, if the shares continue to rally.
The market appears to have risen significantly from the near term bottom. As of the close on 5/2/08, the Dow, Nasdaq and S&P 500 indices were respectively down 2.10%, 8.65%, and 4.21% year to date, still up from lows of 9.37%, 16.58% and 11.86% in my 3/17/08 Stock Purchase Update.
I continue to believe that the probability of a recession in 2008 is relatively high, if we are not already in one. The multitude of negative factors will eventually outweigh any actions by the government and financial institutions. Originally, the Fed interest rate cuts and other actions led me to expect that the bull market would last through summer, 2008. However, the economic data in early 2008 has caused the bull market to end earlier. For either case, I expect the market to continue to be choppy in 2008 with many short term rallies and declines. For now, I do not plan to add any more to the amounts that I have already invested in the above tables and may take some profits on long term gains at a 0% tax rate on Potash and Google when possible.
Full disclosure: I own all the stocks mentioned in this post that are not indicated as sold.
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 © 2008 Achievement Catalyst, LLC
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