To: Jenna who wrote (5780 ) 3/7/1998 9:34:00 PM From: LastShadow Respond to of 120523
Weekly Update: SYMBOL PURCHASE PRICE CLOSE CHANGE %* COST BASIS P&L CRUS 10.875 10.625 (5.71%) $3,277.50 ($90.00) FONR 2.656 2.531 (2.33%) $811.87 ($52.50) FTPS 1.688 2.281 12.50% $521.40 $162.90 IPIC 7.937 9.062 14.06% $2,396.25 $322.50 PEP 37.000 38.000 (0.51%) $11,115.00 $285.00 PFP 13.875 13.750 (0.92%) $4,177.50 ($52.50) PNF 5.062 4.562 (12.20%)**$1,533.75 ($161.25) PQT 0.750 0.813 7.63% $240.00 $3.90 PXD 23.687 23.687 1.32% $7,121.25 ($15.00) UTI 13.625 14.125 2.30% $4,102.50 $135.00 TOT/AVG 11.716 11.944 1.61% $35,297.02 $538.05 * CHANGE % = since OPEN 3/2 ** PNF Stopped out at 4.625 The above chart may not display well, but the bottom line is that deducting the $165 trading (10 entries, one exit @ $15) the account made $538, or 1.6%. Although that may not sound terribly impressive, one needs to look at the longer term potential. 1.6%/week on the total amount annualizes to over 128% return, and just looking at the net gain $538/week would make $28k/year and end up being a 79% return without reinvesting. The $1372.50 cash in the account is not sufficient to buy 300 shares of any of the candidate stocks, which I will discuss next. Stops were set at 8% below entry Wednesday morning, and PNF exit filled at 4 5/8. Since the general market is a little iffy, its probably not a bad idea to wait to reenter anyway. PNF is still oversold and may be worth reconsidering if the stock starts to move on volume again. Upcoming candidates include Schwab (SCH) which besides being technically in good shape also should reap the added benefit of all the volume trading going on right now. TOY is showing some improvement as well. My guess from looking at the charts of the existing portfolio is that CRUS and FONR may both exit next week. FONR looks like it may also turn south an hit its stop, and CRUS is moving a little too horizontal. lastshadow