Wednesday, November 21, 2007

Portfolio Update; Nov. 21, 2007

Here comes the daily list of the Good, The Bad, and the Ugly.
THE GOOD:
China Medical CMED - released quarterly results that beat estimates and early this morning Bear Sterns favorably initiated coverage on the stock.
BRAZIL - This country continues to work for the Portfolio.
THE BAD:
Aegean Marine Petrol ANW - Another big loss pushed stock through 50 day MA of $37.70. Hit a new 5 & 20 day low of $34.53
Yamana Gold AUY - $12.40 is the 20% trailing stop. An up day gives this stock a little breathing room above its 50 day M.A. of $13.12
Aspen Technology AZPN - Day two below 50 day M.A of $15.62.
China Mobil CHL - Climbed just under its 50 day M.A. of $86.08. I will look to lock in the 40% gain soon. The Volatility on this stock makes me sea-sick
Core Labs CLB - A slight up day could not push the stock above 50 day M.A. of $131.38. Oil is up pre-market and that could take this stock with it.
Devon Energy DVN - Closed at its 50 day M.A. of $86.53
iShares European Monetary Union EZU -2 points to the upside brought the stock near 50 day M.A. of $121.55
European DJ Stoxx 50 FEU - Closed up 1 point and slightly below 50 day M.A. of $53.73
Focus Media Holding FMCN - Another horrible day brings the stock to $52.00, well below 50 day M.A. of $56.40. I will have to figure how to bring this trade to profitability.
Noble Corp. NE - Closed above 50 day M.A. of $50.41
Owens Illinois OI - Little changed yesterday, below its 50 day M.A. of $42.74
Claymont Steel PLTE - Finally an up day, and a close above 50 day M.A. of $19.66
Potash POT - up 2.5%, closing above 50 day M.A. of $108.94
UCN Inc. UCNN - Closed $0.20 above 50 day M.A. of $4.25. I will look to lock in profits on another dip.
United Online UNTD - closed 1 point above its 50 day M.A. $15.56
Meridian Bioscience VIVO - Closed up slightly, but still below 50 day M.A. of $30.62
THE UGLY: Tightening the reigns in these troubled times.
Cypress Semi CY - Added @ $30.86. Removed @ $30.90 on Nov. 20, 2007 for a gain of $0.04 or 0.13%. Mentioned by John Buckingham on 10/10/07. This is a tough pill to swallow, but it hit the trailing stop of $30.90. This is a good stock that should end up in the Value or Growth portfolios, when created.
Hittite Microwave HITT - Added @ $43.45. Removed @ $42.91 on Nov. 20, 2007 for a loss of -$0.54 or -1.24%. Mentioned by Tony Weber on 9/20/07. He liked this stock because it consistently beat estimates, but this quarter was in line and the Street did not like that.

Disclaimer: This is a model portfolio, and in no way should these hypothetical positions replace your investment professional. These stocks are recommendations from my interviews with financial professionals, and I am attempting to put the stocks into an easy to understand format. Consult an investment advisor before making any purchases or sales in the equity markets.