HTO weekly report: Ouch!
I really didn't mean to be prophetic.
In my last post I wrote: "For the last week (4 days) of March, HTO beat the index by +1.77% to +0.71%. That brought the month totals to +6.32% to +3.40%. On a daily basis I beat the market 16-3 with one tie. One month doesn't prove much but it matches my testing and gives me a little cushion if April isn't so kind."
My daily score for April so far: 0-5. For the week I lost to the index as HTO was down 2.76% while the index was down 1.31%. Ugly.
It could have been worse. I sold ANCX at the beginning of the week after holding it for only one week. I had lost 3% while holding it but it has gone down 26% since. I also sold CFI and bought IP and PIKE.
So it goes. Some days, weeks, months and even years will be losers. Stay the course.
Meanwhile, everyone is talking about this raging bull market but have they noticed that the market is basically flat to slightly down over the last four weeks?