Nov 1, 2013 Benchmark Investing (BI) Selections
There are several stocks to discuss this week along with changes in any holdings. Here is a snapshot of this week’s activities.
This week’s candidates:
EIX (Edison Intl) http://caps.fool.com/Ticker/EIX.aspx– I am closing all open shorts after further consideration of applying the methodology. On further reflection the methodology seems to be appropriate for Long positions and closing of Long positions, but no holding Shorts. As a result I will be closing all open Shorts. Decision: Buy to Cover
PCG (PG&E) http://caps.fool.com/Ticker/PCG.aspx– closing short per reason mentioned in EIX. Decision: Buy to Cover
SRE (Sepra Energy) http://caps.fool.com/Ticker/SRE.aspx– closing short per reason mentioned in EIX. Decision: Buy to Cover
Every week a refresh of key financial data, stock prices, and economic data are evaluated. This information is analyzed using Kenneth Lee's selection process as described in “Trouncing the Down". Individual stocks are selected based on their relative valuation. The systematic approach allows for a scientific based decision making to buy and sell stocks. This mechanical investing approach has proven to yield superior results over time.
Each week a broad set of stocks are considered to be bought, sold, or held as part of the process. Also indicated is if the pick is a Long or Short candidate as well as if it they are New or Current holdings.
Tickers discussed here: EIX, PCG, SRE