New stock picks this week:
Green Mountain Coffee Roasters Inc (GMCR)
International Paper Co (IP)
Existing & new holdings:
Contribution this week: $0
Starting account value = $2,254.50
Account value = $2,093.10 (without margin)
Buying power = $2,398.60
[tag]Portfolio Gain/loss[/tag] this week = -7.16%
[tag]Portfolio[/tag] Gain/Loss for JUNE 2009 = -5.76%
Portfolio Gain/loss for 2009 = -5.28%
[tag]Annual Return[/tag] (CAGR): -20.71%
Although the stock market ended higher for the week, almost all my stocks in my watch list and in my account were hit hard. So, let’s see what will happen next week. Is this down trend beginning of a long term correction, or just profit taking? The most important would be Monday’s trading to find out.
Are you interested in Reverse Scale Strategy and see how it works when implemented to even a small account?