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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Jenna who wrote (6622)3/26/1998 9:32:00 PM
From: LastShadow  Read Replies (1) of 120523
 
Weekly Portfolio

I've decided to exit CRUS at open, at market, tomorrow morning as it has lost $200 and doesn't appear to be moving since acquired on 3/2. That will leave a little over $10,850 cash for new purchases, and about $30,915 (today's sales value) in stocks.

After looking over the candidate stocks that qualify for the weekly portfolio, I will enter limit orders equal to today's close for 300 shares of each of the following:

IPIC - 8.250
IOM - 6.875
VVUS - 10.1875 (I know Jerry, but what do I know...)

All of the above are sound companies with depressed stock prices, decent potential and some recent positive price and volume movement.

Additionally I will add 400 shares of PNF (4.50) and 700 shares of PQT (limit @ .75)to bring both those holdings to 1,000 shares each. The PNF buy averages down the cost of that one and prevents me from buying any more, lest I go over my self-imposed 1k share limit per ticker <g. This will leave about $860 cash in the account, which is now up over $6,700 (19.24%) so far this month.

Next Monday evening I will recap the first 4 week's activity and post a three part explanation of the method used to establish and manage a position trading account.

lastshadow

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