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Magic Charts Newsletter
June 8th, 2002 |
This issue includes...
1) "How is the sample portfolio ?"
2) "What is happening and what to do now?""
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1) "How is the sample portfolio ?"
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The sample portfolio is on 5.7%, which is quite a drop from
the 19.8% we had last month, but when the market changes
direction such a drop although annoying is not uncommon.
At first it seemed like a correction, but we where forced to
sell LVL medical, Intermet, Sharper image and Harmony Gold,
for a long time the motor from our portfolio.
There is a screen shot at the bottom of this page
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2) "What is happening and what to do now?"
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At first it looked like a rumble of the stock prices, prices
went up and down like Yo-Yo's but finally they started to
drop too deep and LVL medical, Intermet, Sharper image and
Harmony Gold went through there support line, and the 20%
under their highest point so we sold them.
Since it is June and we promised to buy new stock
(if possible) in March, June, September and December we
bought 277 shares of Autozone which performed well the last
period so we strengthen its position in our portfolio. New
in our portfolio is: Nucor Corp and Big Lots inc. each for
about $23000.
With these adjustments we have got rid of the stocks which
have run out of gas and added some promising stocks, so
we expect that our portfolio will find the way up soon again!
We send our sample portfolio every day to our subscribers,
so if you like to follow what is going to happen with our
sample portfolio, subscribe to one or more modules of the
Magic Charts!
Download the demo from the download section and install it.
After installation, it will generate a base code with which
you can subscribe to the Magic Charts.
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Copyright 1998-2002 by Magic Charts. All rights reserved.
This document may not be copied in part or full without
express written permission from the publisher.
Trading in stocks involves risk. You can lose money. We are
not making recommendations to buy or sell any stock. We share
our views about how to trade stock.
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Magic Charts sample portfolio per 06-07-2002
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