Apple (AAPL) on the other hand should be moving higher as the iPhone 5 release approaches. I'm excited for this one! Mainly because I plan on buying a couple of iPhones for my wife and I. Also, Apple tends to do very well gearing up for the holiday season. On the conservative side Apple should be trading above $425.00 a share by year end.
Lastly, I would like to congratulate everyone who owned Westport Innovations (WPRT) over the past few months! What a monster move. Since the low of $20.38 a share back on August 08, Westport has been on a 52.64% run to close today at a 52 week high of $31.11 a share. Boom! Now don't get to excited unless you have sold over the past few days. If you take any of my advise I would sell a large portion of Westport tomorrow morning. That's right 9:30am! If you can sell it in pre market trading at a good price that would perfect! This stock is way overbought and it will be coming down hard in the near future. I've seen this many times with Westport and I don't want anyone to get caught at the top. Take a look at a chart and you will realize the buying volume is drying up.(Click on the highlighted Westport Innovations above and you can see what I'm talking about.) The stock started to collapse around 2:00pm today. Sell some tomorrow! Don't get me wrong I still like WPRT, but not at these prices.
MONSTER PORTFOLIO 2011
Balance: Inception 01/07/11
$1977.32 Stock
$13.65 Cash
Total $1990.97
Balance: End of Week 34 09/09/11
$2,306.62 Stock
$100.38 Cash
Total $2,407.00
Since Inception: -9.52%
Back out cash inflow and we have a balance of $1,801.50.
Current Holdings:
Apple (AAPL)
Cosi Inc. (COSI)
Weatherford International (WFT)
“When in doubt buy more!”
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