. . . . . Phoenix Plays AGAIN. . . . . .
If we had better identified some of these Phoenix plays early on, we would be holding about a dozen DOUBLES in the past month. Yet, thanks to AJ, we were able to identify many of them in time for some serious gains. Like I keep saying, despite the market direction, there are stocks out there that are steadily gaining momentum and price. . .making base-upon-base. . . and even doubling in as little as 4 weeks.
Here is another portfolio for tracking purposes. . . .I made the date of purchase roughly that of when we added these to the Phoenix list, as best as I can re-enact the discussion. Again, this is for educational purposes, so that we may demonstrate that there exists a group of stocks under steady accumulation [mostly by mutual funds], which outperform the markets and rise from the ashes of a weak market. . . hence the name Phoenix.
Stocks which fail to continue their upward trend, begin to break down on weakening volume or just fizzle out. . .are removed from the list. Those which strengthen and show gains over a 2 to 4 week period, where the SAME period in the associated index was clearly lower are called Phoenix plays.
It is very difficult to add a Phoenix. . . but easy to remove one. I use 100 shares of each as my standard for portfolios. . . this method automatically weights them with more money in the larger caps and less in the smaller ones. I call it a Board, since it was not originally constructed as a portfolio.
I hope you enjoy this board. . . and accept it in the spirit with which it is presented.
HOME grown Phoenix Board:
siliconinvestor.com
Thanks,
Rande Is |
