Well, I am buying back Visa (V) tomorrow. I shall buy 7 shares @ $64.41 and if so, the stop loss will be @ $59.31. I will update this post after the trade opens tomorrow morning.
I have bought Visa:
07/17/2009 09:30:14 Bought 7 V @ 64.25
And set the stop loss at $59.15
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The market seems to be bound for reversal. I purchased a new position of Allscripts-Misys Healthcre Solutions Inc (MDRX):
07/15/2009 14:57:57 Bought 19 MDRX @ 15.6794
The stop loss was set at $13.07 which is 3% from the entire portfolio. The total exposure should be $49.71 (16.62%) if the trade turns against me. I adjusted my ATR value a bit which reduces the loss by allowing buying less shares.
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Another data from the industries and sectors proving we are in correction, which based on historical data may be around 15%. We may expect the Dow Jones to decline down to around 7000 – 7500 level. No new positions shall be opened.
Last 30 days [tag]performance[/tag] (top 5):
| Health Care | +2.29% |
| Utilities | -0.23% |
| Consumer goods | -1.63% |
| Technology | -3.67% |
| Telecoms | -4.37% |
(Data retrieved from [tag]financial[/tag] websites such as [tag]MarketWatch[/tag], [tag]MSN Money[/tag], [tag]Yahoo Finance[/tag], and others)
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New stock picks this week:
No new picks
Existing & new holdings:
No holdings
Contribution this week: $0
Starting account value = $1,742.57
Account value = $1,657.02 (without margin)
Buying power = $1,657.02
[tag]Portfolio Gain/loss[/tag] this week = -4.91%
[tag]Portfolio[/tag] Gain/Loss for JULY 2009 = -4.91%
Portfolio Gain/loss for 2009 = -25.01%
[tag]Annual Return[/tag] (CAGR): -37.23%
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This morning Synaptics, Inc. (SYNA) was sold on stop loss order.
07/08/2009 09:37:28 Sold 26 SYNA @ 35.0606
The account is 100% cash.
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I almost missed to post my findings from the last week. So here we go. The results indicate quite clearly that markets entered its correction period. No new positions shall be opened and let’s wait how long this downtrend will last.
Last 30 days [tag]performance[/tag] (top 5):
| Health Care | +1.21% |
| Utilities | +0.57% |
| Telecoms | -1.57% |
| Consumer goods | -1.78% |
| Technology | -4.02% |
(Data retrieved from [tag]financial[/tag] websites such as [tag]MarketWatch[/tag], [tag]MSN Money[/tag], [tag]Yahoo Finance[/tag], and others)
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Today, Visa (V) was sold on stop loss order, which I have already expected to happen. I still consider this stock as a great value driven down by the market and economic situation only as I wrote in my previous post, so I am ready to buy it back when it shows a bullish turnover.
Here is the result:
07/07/2009 15:49:00 Sold 27 V @ 59.59
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New stock picks this week:
No new picks
Existing & new holdings:
| Symbol | Qty | Last | Gain($) | Gain(%) |
| SYNA | 26 | 37.84 | 24.46 | 2.55 |
| V | 27 | 60.08 | -160.65 | -9.01 |
Contribution this week: $0
Starting account value = $1,857.88
Account value = $1,742.57 (without margin)
Buying power = $0
[tag]Portfolio Gain/loss[/tag] this week = -6.21%
[tag]Portfolio[/tag] Gain/Loss for JUNE 2009 = -21.54%
Portfolio Gain/loss for 2009 = -21.14%
[tag]Annual Return[/tag] (CAGR): -33.99%
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Here are the sectors from the last week.
Last 30 days [tag]performance[/tag] (top 5):
Technology +7.01%
Utilities +5.57%
Health Care +4.24%
Telecoms +2.06%
Consumer goods +0.25%
(Data retrieved from [tag]financial[/tag] websites such as [tag]MarketWatch[/tag], [tag]MSN Money[/tag], [tag]Yahoo Finance[/tag], and others)
Dividends4Life
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Stock Market Analysis at DeepMarket
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New stock picks this week:
No new picks
Existing & new holdings:
| Symbol | Qty | Last | Gain($) | Gain(%) |
| SYNA | 26 | 38.10 | 31.22 | 3.25 |
| V | 27 | 63.82 | -59.67 | -3.35 |
Contribution this week: $0
Starting account value = $1,813.05
Account value = $1,857.88 (without margin)
Buying power = $0
[tag]Portfolio Gain/loss[/tag] this week = 2.47%
[tag]Portfolio[/tag] Gain/Loss for JUNE 2009 = -16.35%
Portfolio Gain/loss for 2009 = -15.93%
[tag]Annual Return[/tag] (CAGR): -29.62%
Dividends4Life
Dedicated to the process of identifying superior dividend investments…
Stock Market Analysis at DeepMarket
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