New stock picks this week:
none
Existing & new holdings:
Symbol | Qty | Last | Gain($) | Gain(%) |
FUQI | 3 | 26.33 | -8.01 | -9.21 |
MED | 6 | 19.42 | 6.49 | 5.90 |
STEC | 3 | 26.77 | -15.09 | -15.81 |
Contribution this week: $0
Current capital exposure: -3.13%
New positions available to open: 0
Starting account value = $1,735.29
Account value = $1,679.39 (without margin)
Buying power = $1,403.57
[tag]Portfolio Gain/loss[/tag] this week = -3.22%
[tag]Portfolio[/tag] Gain/Loss for OCTOBER 2009 = -4.31%
Portfolio Gain/loss for 2009 = -27.29%
[tag]Annual Return[/tag] (CAGR): -34.32%
This week was the weakest one since the rally started. It seems the market may be entering into a correction. The job loss data hit stocks hard and as I expected some stocks were dragged down by the market. Visa has been stopped out and I am expecting further fall next week. I have no trades available to open, so I will be waiting aside and keep my stop loss orders tight. Let’s see how the market will react the next week and deal with the economic data.
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