Monster Portfolio Week 37 Results

MONSTER PORTFOLIO 2011


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

Balance: End of Week 36 09/23/11

$2,246.80 Stock
$12.05 Cash
Total $2,258.85

Since Inception: -16.96%

Back out cash inflow and we have a balance of $1,653.35. 

What a roller coaster! I’m glad last week is now over.  My portfolio was brutally beat up.  Weatherford (WFT) was destroyed beyond belief!  The whole commodity market sold off in fears of a global slowdown and all stocks related to commodities were not spared from significant losses.

The last time I mentioned Weatherford the stock was at $15.56 a share.  I thought that price was extremely cheap, but the market took WFT down to $12.90 a share.  That’s a 17.09% decline.  Goodness!  I however made a big bet and purchased even more of WFT on Wednesday at $15.06 a share and Friday at $13.21 a share.  I’m all in.  Of course I still have the captain of the portfolio Apple for stability, but I believe my all in bet on WFT will pay off.  This is how confident I am about the long term upward trend in energy over the next few years.  Remember gas/fuel isn’t a want, but a need! 

Today there was definitely some positive buying action for stocks!  I’m betting this trend will continue as the European debt crisis eventually will become irrelevant and earnings season will propel stocks higher into the end of the year.  So in the short term please sit tight and have confidence in your investment positions.  I know I will!

Clay-

“When in doubt buy more!”

Current Holdings:
Apple (AAPL)
Cosi Inc. (COSI)
Weatherford International (WFT)