New [tag]stock picks[/tag] this week:
Netezza Corp. (NZ)
Existing & new [tag]holdings[/tag]:
Symbol | Qty | Last | Gain($) | Gain(%) |
[tag]JADE[/tag] | 34 | 3.22 | -8.84 | -7.47 |
[tag]MED[/tag] | 8 | 26.69 | 47.20 | 28.38 |
[tag]NZ[/tag] | 10 | 10.62 | -5.00 | -4.50 |
[tag]ORS[/tag] | 67 | 0.79 | -20.06 | -27.48 |
[tag]RINO[/tag] | 4 | 28.00 | 21.08 | 23.19 |
[tag]V[/tag] | 11 | 80.00 | 127.17 | 16.89 |
Contribution this week: $0
Current [tag]capital exposure[/tag]: -2.09%
New positions available to open: 1
Starting [tag]account value[/tag] = $1,922.05
Account value = $1,920.32 (without margin)
Buying power = $446.19
[tag]Portfolio Gain/loss[/tag] this week = -0.09%
[tag]Portfolio[/tag] Gain/Loss for NOVEMBER 2009 = 6.35%
Portfolio Gain/loss for 2009 = -20.31%
[tag]Annual Return[/tag] (CAGR): -26.01%
The stock market reacted pretty much as I expected. To add to it next week I expect it slowing down more. This week I also realized how much I deviate from my rules when selecting stocks to buy. I had to write them down and be more careful when selecting stock for purchase.
I also learned another lesson. It is about my money management plan, which allows me to buy new shares even though some of the existing holdings are still losing small money. I might consider waiting for all positions to turn into positive numbers prior purchasing new positions.
Are you interested in Reverse Scale Strategy and see how it works when implemented to even a small account?
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