by Paul Douglas Boyer
See! Being patient pays off (or so we hope.) I’m talking about the previous post where I said we would wait to buy Southern Copper Corp. (PCU) for $81.81. And today, with the commodities down, we did get filled. I’ll update the portfolio page tonight with the details.
Mon, March 6 2006 » Announcements » 1 Comment
I’ve made the trades to the portfolio as promised. We sold 814 Votorantim Celulose VCP at $15.21 for $12,380.94. That’s a gain of $2376.88 on our $10,004.06 investment or 23.8% in two months. Fantastic!
Fri, March 3 2006 » Announcements » Comments Off on Two of three filled so far…
OK, we watched Citi Trends (CTRN) go down, then up, then back down. Let’s not do the same with our other winners: Votorantim Celulose (VCP) up 24%, Bancolombia (CIB) up 18%, and Seagate Technology (STX) up 38%. We’re going to sell all of them tomorrow at 10:00 AM. Then we will have to hunt for […]
Thu, March 2 2006 » Announcements » Comments Off on We Will Not Be Slaughtered!
With Nabors Industries (NBR) down so much, I think for our Portfolio Smackdown we’re going to sell and take that short-term capital loss to help offset some of our previously realized short term capital gains. We’ll sell NBR tomorrow at 10:00 and swap it into National Oilwell Varco (NOV). We bought 168 shares of NBR […]
Thu, February 23 2006 » Announcements » 1 Comment
Our new speculative play to replace the laser company Palomar PMTI will be one that Jim featured on the 15th: Crocs Inc CROX the maker of lightweight footwear. I personally bought some (the stock) and I will buy some shares for the Portfolio Smackdown. He says it could go to $35, so that is our […]
Thu, February 16 2006 » Announcements » Comments Off on It’ll be CROX
Jim said on the 14th that we should back away from all laser stocks. This includes Palomar Medical Technologies, which happens to be the worst performer in our Portfolio Smackdown, down over 17%. PMTI was in our Speculative category. What should we replace it with? Send your suggestions to (feedback AT MadMoneyMachine.com). I will sell […]
Wed, February 15 2006 » Announcements » Comments Off on SELL PMTI
On Monday’s show, Jim said swap out of Cummins Inc and into Paccar. So after waiting a few days, I’ll make the trade in the Portfolio tomorrow at the 10:00 prices. We’ll keep Seagate Technology (STX) as he says it should go to $31 or so. No other changes at this time.
Thu, February 9 2006 » Announcements » Comments Off on Swapping CMI for PCAR
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