AllStarPortfolio (23.20)

AllStarPortfolio - Status of Caps picks not yet in WSS simulation portfolio

July 24, 2009 – Comments (11) | RELATED TICKERS: DRYS , AMD , JJG

First, let me say, I’m busy. As a farmer, my summers are rather busy. And my computer was down for a week, again, and I was using a borrowed computer and my tools and bookmarks were not on it.

   Also, though we owe congratulations to the few bulls who predicted this market well, I feel that the recent surge was faster than most of us foresaw. I won’t bore you by citing the same blogs you’ve already read here on caps. These two small excuses are all I have.

   Secondly, I will try to repost this blog throughout the weekend and allow anyone who wants to change the plan below say so. I could easily wait till after Monday’s open and see which direction the market is going. Personally, though I don’t vote to make this a traders portfolio, I do encourage those with a knack for timing the market to close their pick if they are ready. Portefeuille posits we may be in for a copy of the 80’s tech collapse, and binve thinks we may approach 500, but then some of these stocks are already chosen with those themes in mind.

   A few of these stocks have a story, and a few fell through the cracks. I will attempt to resolve this issue promptly.

ABAT- 460 shares, market order Monday morning EOD.

ACN- 55 shares, market order Monday morning EOD. Some of these stocks I think will come down, but somehow I am getting the feeling that I was wrong about this one.

DRYS-313 shares, market order Monday EOD. I missed this one on a limit at 5.26 for 370 shares, because I forgot to hit GTC and my limit expired. It dropped again, and I missed it at a limit of 4.90 for 400 shares on July 7th, even though it reached 4.90. I am fairly miffed about that, because it is so high, and because I predict it will go to 4.25 soon. There, I said it. Time will tell.

FACT- 236 shares, market order Monday morning EOD. Long story already posted in this blog, kinda’ boring, hope you missed it.

FAZ – Doesn’t fit current portfolio guidelines.

FRMSF.PK - WallStreetSurvivor doesn’t allow Pink Sheets. This is a major drag, because I feel that these are two very good picks from a caps perspective.

FSUMF.PK PK - WallStreetSurvivor doesn’t allow Pink Sheets .

MVG- 380 shares, market order Monday morning EOD. I remember this one. I was not sure if MVG fit the limits of the MSN portfolio. The blog requirement says we should refrain from blogging about stocks with low volume. I think the requirement is 500,000 dollars a day. However, I now believe we are allowed to make it a part of the portfolio, but not highlight it in a blog, because of its low volume and possible pump and dump or front running schemes.

RFMD- 393 shares, market order Monday EOD. I liked this stock right away, and I just got busy, and then sorta’ forgot that it was there, while it was shooting for the sky.

  In retrospect, i could have been more attentive. As always, i am willing to share passwords with a few someones if that would help. 

As a side note, the WSS simulation allows two portfolios, for testing strategies against each other. I plan on setting deep limits on these stocks on the second portfolio. These limits will be built around resistance from SPY 800 and lower. I will attempt to use beta and RSI to infuence my decision, though i am no master at those things. If anyone is interested in this experiment let me know. I would be happy to let any picker set such limits on their pick in this alternate portfolio.

-solaris.

The stocks in my ticker today are the lowest picks, which might be contrarian indicators signaling a buy point. Particularly JJG which looks to me like a good buy at 36.50, and a better buy at anything below, which might happen next week.