Week 8 Performance - Up 0.52%
Week 8 Performance
Broader market gain/loss: -1.7% Dow (10717), -1.6% S&P (1248)
LIVEROCKET gain/loss: +0.52%
Year to Date Performance (since inception Nov 3rd)
(Nov 3rd - Dow closed 10522, S&P closed 1219)
Broader market gain: 1.9% Dow, 2.3% S&P
LIVEROCKET gain: 9.52%
(Note: I miscalculated the Week 7 Update – we closed at 9% not 7.2%. So this week is a 0.5% gain NOT 2.3%.)
Weekly Performance
LIVEROCKET beat Dow/S&P: 5 out of 8 weeks
Dow/S&P beat LIVEROCKET: 2 out of 8 weeks
LIVEROCKET tied Dow/S&P: 1 out of 8 weeks
Individual Stock Performance
Stock growth >20% 2 out of 14
Stock Growth >10% 2 out of 14
Stock Growth 5%~10% 5 out of 14S
tock growth 0%~5% 3 out of 14
Stock growth <0% 2 out of 14
----------------------------------------------------------
Week in review:
A slow week in general.
ACL – Down 3%. Still hurting from that lawsuit. We hit our stop loss of $130 for a whopping 10.3% LOSS.
BCSI – Up 5% thanks to being added to S&P Small CAP (broader buying base because some investors buy the index)
GILD – Down 6% from its high 2 weeks ago!!!! As mentioned previously, GILD stubbornly wants to stay in the $50~$55 range. But it does this. Look at the last year, for example. It runs up after earnings release, then drifts for 2 months. I expect it to break out of the $55 level and stay above in the next 3 weeks.
JBLU – Flat for the week but down 9% from its high last week. Lots of positive news on airline stocks the last week. When I first discussed JetBlue (Nov 10th), I called out my belief that it would explode from higher margin holiday traffic and moderating fuel costs.
JLG – Down 5% for the week and 7% from its high last week.
JOYG – Up 1% for the week but down 4% from its high last week.
MDR – Up 4% for the week on very strong volume (~2X). MDR also touched a new 52 week high today.
MRVL – Down 1% this week and 8% from it’s high 2 weeks ago.
WFMI – Up 1% thanks to being added to S&P 500 (broader buying base because some investors buy the index)
Notice a pattern? Most stocks had fantastic news and surged to new highs in the last 2 weeks, only to pull back 5%~10%: JBLU, JLG, MRVL, GILD, WFMI, JOYG. I like the upside movement and direction. I don’t mind the profit taking and end of the year positioning. I see these stocks as continuing their climb.
But this does beg the question – should we trade more aggressively to lock in profits. The answer is yes, but that is not the focus of the current portfolio.
The LIVEROCKET Test Portfolio is intended for the average person who has limited time and will do light trading.
I am happy to set up a second portfolio for the more aggressive trader who is willing to assume the additional risk and effort. Please let me know if that is of interest.
2005 was not a bull market. In fact, only 1 year out of the past 5 has been a bull market: 2003. I think that we are still paying for the dotcom excess (aka 7 fat years and 7 lean years).
Shares Price Stop
JOYG 242 37.17 38.5
MDR 211 42.74 41
BCSI 227 39.5 42
WFMI 68 146 75
GILD 200 50 51.5
MRVL 200 49 53
JLG 263 38 44J
BLU 810 12.3 14.5
Cash $22,817
Broader market gain/loss: -1.7% Dow (10717), -1.6% S&P (1248)
LIVEROCKET gain/loss: +0.52%
Year to Date Performance (since inception Nov 3rd)
(Nov 3rd - Dow closed 10522, S&P closed 1219)
Broader market gain: 1.9% Dow, 2.3% S&P
LIVEROCKET gain: 9.52%
(Note: I miscalculated the Week 7 Update – we closed at 9% not 7.2%. So this week is a 0.5% gain NOT 2.3%.)
Weekly Performance
LIVEROCKET beat Dow/S&P: 5 out of 8 weeks
Dow/S&P beat LIVEROCKET: 2 out of 8 weeks
LIVEROCKET tied Dow/S&P: 1 out of 8 weeks
Individual Stock Performance
Stock growth >20% 2 out of 14
Stock Growth >10% 2 out of 14
Stock Growth 5%~10% 5 out of 14S
tock growth 0%~5% 3 out of 14
Stock growth <0% 2 out of 14
----------------------------------------------------------
Week in review:
A slow week in general.
ACL – Down 3%. Still hurting from that lawsuit. We hit our stop loss of $130 for a whopping 10.3% LOSS.
BCSI – Up 5% thanks to being added to S&P Small CAP (broader buying base because some investors buy the index)
GILD – Down 6% from its high 2 weeks ago!!!! As mentioned previously, GILD stubbornly wants to stay in the $50~$55 range. But it does this. Look at the last year, for example. It runs up after earnings release, then drifts for 2 months. I expect it to break out of the $55 level and stay above in the next 3 weeks.
JBLU – Flat for the week but down 9% from its high last week. Lots of positive news on airline stocks the last week. When I first discussed JetBlue (Nov 10th), I called out my belief that it would explode from higher margin holiday traffic and moderating fuel costs.
JLG – Down 5% for the week and 7% from its high last week.
JOYG – Up 1% for the week but down 4% from its high last week.
MDR – Up 4% for the week on very strong volume (~2X). MDR also touched a new 52 week high today.
MRVL – Down 1% this week and 8% from it’s high 2 weeks ago.
WFMI – Up 1% thanks to being added to S&P 500 (broader buying base because some investors buy the index)
Notice a pattern? Most stocks had fantastic news and surged to new highs in the last 2 weeks, only to pull back 5%~10%: JBLU, JLG, MRVL, GILD, WFMI, JOYG. I like the upside movement and direction. I don’t mind the profit taking and end of the year positioning. I see these stocks as continuing their climb.
But this does beg the question – should we trade more aggressively to lock in profits. The answer is yes, but that is not the focus of the current portfolio.
The LIVEROCKET Test Portfolio is intended for the average person who has limited time and will do light trading.
I am happy to set up a second portfolio for the more aggressive trader who is willing to assume the additional risk and effort. Please let me know if that is of interest.
2005 was not a bull market. In fact, only 1 year out of the past 5 has been a bull market: 2003. I think that we are still paying for the dotcom excess (aka 7 fat years and 7 lean years).
Shares Price Stop
JOYG 242 37.17 38.5
MDR 211 42.74 41
BCSI 227 39.5 42
WFMI 68 146 75
GILD 200 50 51.5
MRVL 200 49 53
JLG 263 38 44J
BLU 810 12.3 14.5
Cash $22,817
posted by Andrew at
4:42 PM
4 Comments:
Andrew,
This is the first time I visited your blog. Was reffered to by a Cisco employee. I like some of your picks and the reasoning.
I am interested in investing in companies working on alternate sources of energy. I keep hearing Solar panels and cells a lot nowadays. What do you think?
EMKR and SPWR are couple of companies I track in this area. Do you have any thoughts on these companies and in general the prospects for such compnies?
Do you think it's good idea to short AAPL, SNDK, AMD, GOOG now thru their earnings?
Can you commnet on JBLU in regards to the Independance Air Bankruptcy? Should this help or hurt JBLU in your opinion?
I am really looking for a quality alternative energy company. We had DESC for a while and I used to be in ENER. Thanks for your suggestions - I'd like to review and get back to you.
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Shorting, I am long SNDK. I also like GOOD and AMD and wouldn't short them. Only AAPL feels overpriced to me, but market enthusiasm will keep them high for longer than should be. I would consider shorting AAPL next quarter, when sales start to slow and reality starts to creep in.
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Independence Air's crash was a big plus for Jetblue, which will absorb their passengers. I love the JBLU story.
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