MONSTER PORTFOLIO 2011
Balance: Inception 01/07/11
$1977.32 Stock
$13.65 Cash
Total $1990.97
Balance: End of Week 33 09/02/11
$2,341.13 Stock$100.38 Cash
Total $2,441.51
Since Inception: -7.78%
Back out cash inflow and we have a balance of $1,836.01.
It was a pretty quiet week for stocks last week. Smooth sailing until Friday. Today the market started deep into the red, but made its way to close well above the lows. Weatherford International (WFT) took a big hit today earlier in the morning and closed down on the day. One thing that caught my eye was WFT opened near the low of the day at $15.21 a share and paired its losses to close near the high of the day at $15.94. That is a 4.79% move to the upside throughout the day. Pay close attention tomorrow to the oil service companies. (Hint SLB, HAL, BHI, and WFT) I’ve seen this chart many times and the buying action on the dip today increases the likelihood that increased buying is yet to come. If I was a gambling man I would put my money on a positive day for the oil service companies tomorrow.
Until next time “when in doubt buy more”
Buy List
Westport Innovations (WPRT) Stock is to cheap vs. the potential. Chart shows increased buying action near the end of the day. Remember energy isn't a want, but a need!
Kinder Morgan Energy Partners (KMP) Currently pays out a 6.60% or $4.60 a share. I don't know about you, but your savings account pays less than 1.00% If your looking for some income this is the perfect stock for you. If the stock didn't go anywhere you would double your money in 10.9 yrs (Rule of 72 72/6.60=10.90) This a great stock to have for retirement.
Current Holdings:
Apple (AAPL)
Cosi Inc. (COSI)
Weatherford International (WFT)
Clay-
“When in doubt buy more!”
No comments:
Post a Comment