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Magic Charts Newsletter
August 3rd, 2002 |
This issue includes...
1) "How is the sample portfolio ?"
2) "Where to go from here ?"
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1) "How is the sample portfolio ?"
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The sample portfolio is on -20.5% now, we also suffered
severe from the market situation where we where forced to
sell all our stock on the minus 20% level except our only
UK stock 'Havelock Europe' which is doing remarkably well
in spite of the market.
There is a screen shot at the bottom of this page
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2) "Where to go from here ?"
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We have experienced a worst
case scenario for our portfolio,
we where forced to sell stocks at 20% under their highest
point, and bought new stocks (Nucor, Big Lots, and Autozone)
which we also had to sell at 20% under their highest points
when the stock markets kept on declining.
This way we went from a nice +24% at the end of May to -20%
now.
Last month when we where on -7.5% we still hoped that we
where able to gain some ground again, but the markets kept
on going down.
But what is the current situation on the stock markets?
As we stated, there is not much reason for the poor condition
on the stock markets now, other then investors sentiment.
In June when the bad news was piling up again, the investors,
tired of bad news, became jumpy at every rumor, and
punishing even companies which where formally known as money
machines.
With the current market situation we stay put and wait until
the beginning of September when everybody is back from there
holiday, and the markets are hopefully more realistic.
By then we expect to find more stocks who have found the way
up again using our 'Buy the Winner' view and we hope to be
able to find enough promising stocks to put our portfolio on
the track again!
If you don't already have a subscription on the Magic Charts
subscribe now! and be ready when the markets find there way
up again!
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 08-02-2002
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