Monday, November 12, 2007

Portfolio Subtractions After a Tough Week

There is a list of stocks that were stopped out because they pulled below their 50 day M.A. Here is the list:

Bolt Technology BTJ Purchase - $36.35 Stopped out - $39.50 on Nov 7, 2007 for a gain of $3.15 or 8.67%. First Recommended by Jordan Kimmel on 9/21/07.
E-House EJ Purchased - $30.13 stopped out - $26.00 on Nov 8, 2007 for a loss of $4.13 or -13.71%. First recommended by Paul Goodwin 10/25/07.
EMC Corp. EMC purchase - $22.57 stopped out @ $21.50 on Nov 8, 2007 for a loss of -$1.07 or -4.74%. first recommended by John Buckingham 10/10/07.
Petro China PTR - Purchase - $136.74. 20% trailing stop - $213.00 on Nov 7th, 2007 for a gain of $76.26 or 55.77%. First Recommended by Jim Trippon 8/28/07.
Brazilian water SBS Purchase - $51.97. 50 day M.A. stop @ $50.25 on Nov 7, 2007 for a loss of -$1.72 or -3.31%. First recommended by Gordon Pape 10/5/07.

We are exiting these positions with an average gain of 8.5% and we will continue to monitor them to see if they will meet the Portfolio requirements in the future.

Keep Your eye on these stocks as they approach their 50 day M.A. (on the down side)
Aegean Marine Petroleum ANW
Aspen Technology AZPN
China Mobil CHL
China Medical CMED
PowerShares G10 Currency ETF DBV
Focus Media Holding FMCN
iShares Singapore Index EWS
Kinder morgan Energy Partners KMP
Powershares Intl. Dividend Acheiver PID
Claymont Steel PLTE
United Online UNTD
Meridian Bioscience VIVO