Balance: Inception 01/07/11
$1977.32 Stock
$13.65 Cash
Total $1990.97
Balance: End of Week 23 06/24/11
$2,052.63 Stock$54.06 Cash
Total $2,106.69
Since Inception: -15.81% excluding cash inflow
Finally the momentum of the Monster Portfolio has turned into the right direction. Since last week’s results my picks have gained +5.44%. This move doesn’t include the recent positive action in Westport (WPRT) after yesterday’s announcement that Westport and GM plan to develop natural gas engines. (More detail in Reuters article)
http://www.reuters.com/article/2011/06/28/westport-idUSL3E7HS27R20110628?feedType=RSS&feedName=rbssEnergyNews&rpc=43
Shares of Westport surged +11.57% in yesterday’s trading! Westport’s chart is been in an uptrend for the past 8 trading sessions. I will be paying close attention to the trading action tomorrow. I believe the stock has another couple of days to run until the buying volume slows down. That means I may sell into strength over the next few days. Could we break through $26 a share? It definitely is a possibility!
In closing I would suggest for anyone that has been investing for a few years to venture into the world of options. Options are a great way to control more shares of a company with minimal capital and a tool to hedge against downward moves. I recently started paper trading options with https://www.optionsxpress.com/ and it’s a great way to learn and test your option skills. If your good and picking stocks that move higher options will add some muscle to your portfolio. There are many different ways to make money in options. You can make money in any market with options and that is what enticed me to learn how to add this investing tool to my portfolio. Plus options will make you pay attention to your money!
Current Holdings:
Apple (AAPL)
Cosi Inc. (COSI)
Westport Innovations (WPRT)
Have a great night!
Clay-
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