Thanks to the market’s short-term memory loss and a mini-episode of “irrational exuberance”, I was serendipitously blessed today.
From time to time, without warning, the market can be forgetful and get excited over nothing. Then, it gets a surprise frontal lobotomy the next trading session. With this axiom in mind, I sold [[SGY]], [[FTI]], [[SID]], [[MTL]] and half my position in [[TTEK]]. What were formerly losses in some of these stocks yesterday, ended up being even smaller losses today, thanks to Joe Blow.
In addition, stocks like [[MEE]], [[WLT]], [[CLF]], [[CNX]], [[FLS]], [[AKS]], [[MOS]] and [[AGU]] all posted healthy gains.
After a difficult time, the portfolio ended up regaining some of the earlier losses in the week. All in all, this group of stocks was up 2.55% today.
So far, since inception:
Focus Stocks +8.22%
S&P 500 – 4.32%
Dow – 3.93%%
Naz – 4.69%
Top three winners (unrealized):
MEE +39.73%
CLR +30.63%
EAC +28.31%
Top three losers (realized):
MTL -6.50%
SID -5.91%
SGY -2.40%
Sector allocations: Energy 39%; Materials 32%; Industrials 15%; Info Tech 9%; Consumer Discretionary 5%.
Holdings: (most recent prices) and original purchase prices:
[[AGU]]@86.26 [[AKS]]@68.99 [[BIG]]@ 29.05 [[CLF]]@89.40 [[CLR]]@51.90 [[CNX]]@91.41 [[EAC]]@55.52 [[FDG]]@69.30 [[FLS]]@121.10 [[GLW]]@25.74 [[MA]]@291.75 [[MEE]]@58.50 [[MOS]]@126.98 [[PBR]]@65.55 [[POT]]@199.26 [[SE]]@ 26.64 [[TTEK]]@ 24.92 [[WFT]]@41.99 [[WLT]]@83.87I’ll be gone fishing for the weekend, so I’ll catch you on Monday. Have a great weekend and drink responsibly.
Disclaimer: This information is not intended to be used as the primary basis of investment decisions. Because of individual investors requirements, it should not be construed as advice designed to meet the particular investment needs of any investor. Consult your financial advisor prior to taking any actions. The information and opinions contained here are those of the author and are not necessarily the same as those of iBankCoin, its principals or its affiliates. Trade at your own risk.
