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