The recent weakness has resulted in two trades stopping out: Terremark Worldwide, Inc. [[TMRK]] last Friday and Smith & Wesson Holding Corporation Smith & Wesson Holding Corporation [[SWHC]] on Monday. The Hershey Company [[HSY]] was closed out Monday for a small loss. Kirby Corporation [[KEX]] was added on Monday’s open.
There are two trades to be closed on Tuesday’s open: [[PLX]] and Annaly Capital Management, Inc. [[NLY]] .
This will leave the model portfolio with only three open positions. This is a beautiful thing (hopefully) as there are a plethora of new Power Dips to buy on Tuesday’s open, and they are as follows:
China Nepstar Chain Drugstore Ltd. [[NPD]] , Entertainment Properties Trust [[EPR]] , Saks Incorporated [[SKS]] , Cohen & Steers Quality Income Realty Inc [[RQI]] , and Actuate Corporation [[ACTU]] .
The model portfolio will be full after these purchases.
The Power Dip is KILLING it. Woohoooooo….