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Magic Charts Newsletter
October 7th, 2002 |
This issue includes...
1) "How is the sample portfolio ?"
2) "When do we start earning some money ?"
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1) "How is the sample portfolio ?"
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Our sample portfolio is on -33.4%
We sold:
A.C.Moore Arts & Crafts, Consolidated Mercantile, WSFS
Financial Corp and Energy Technique because they could not
hold there promising pattern and went through the -/- 20%
under their highest point.
The rest of the portfolio held there value while the major
indices (Dow Jones Industrial, Nasdaq Composite and S&P 100)
lost about 10% of there value.
There is a screen shot at the bottom of this page
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2) "When do we start earning some money ?"
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We where anticipating a recovery of the stock market last
month, but the threat of a war against Iraq and the
disappointing figures of the American growth and the current
sentiment on the stock markets drove them even further down.
When is the right moment to start buying ??, We don't know,
we have seen so many scandals this year that it is hard to
predict what the real bottom is. One thing is sure, the
prices are historical low (which does not mean they can not
go lower), so the stocks are available at bargain prices.
If you have the guts to start buying we suggest to buy a few
stocks at the time, if the stock market goes even further
down, you are able to buy again at lower prices and work
with average prices.
For our sample portfolio we use a different approach as
explained in our previous newsletters.
If you want to see when the stock markets start to recover
subscribe to our Magic Charts service!
Download the demo from the download
section of this website
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 10-04-2002
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