Tuesday, March 1, 2011

Monster Portfolio 2011 Week 7 Results

MONSTER PORTFOLIO 2011

Balance: Inception 01/07/11
$1977.32 Stock
$13.65 Cash
Total $1990.97

Balance: Week 7 02/28/11
$1650.04 Stock
$437.74 Cash
Total $2,087.78

Sorry for the delay. I was in the process of buying a new car yesterday. Had to celebrate a bit with my wife!

Excluding cash inflow of $119.00 we have a balance of $1,968.78. From last week the Monster Portfolio tacked on $15.79 or +.08%. I’m very happy with this week’s results as the stock market as a whole was quite volatile and a lot of money was given back over the past few days. I can contribute the positive gain to Westport Innovations (WPRT). With the uncertainty of oil this stock has definitely come back into favor as alternative energy will continue to be enticing to the fund managers that look to profit off high oil prices. From my first purchase of WPRT at $15.86 back on 01/31/11 and my recent sell on Thursday 02/24/11 at $18.16 I managed to lock in a +14.5% gain excluding transaction fees. Not too bad for 24 days of work. I did sell out of WPRT, but I believe this crude oil scare is a bit overdone and WPRT had a quick move too far too fast. I will reenter back into WPRT when the moment is right. For the time being I will sit on some cash to determine my next move.

Since Inception: -1.1% overall (Man I have to break this negative number)

Current Holdings:
Apple (AAPL)
Cosi Inc. (COSI)

Have a great night!

Buy List
Weatherford International (WFT) This stock is 10.4% off its high of $26.25 at the current price of $23.52 a share. Please start to create a position in WFT. This company will make you money! At this price it’s a definite buy!

Clay-

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