Archive for November, 2006

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Performance Report Month 1: OUTPERFORM

Thursday, November 30th, 2006

After month one here is where we are with our five percent stocks short term investing portfolio.

DJIA: 1.12%
S&P Return: 1.65%
Nasdaq: 2.88%
Average of 3 indexes: 1.88%

Five Percent Return: 2.22%

Account currently holds: $302.54 in liquid assets and $9,919.71 in equity.  Many of our open positions are still recovering from the early week downturn.  Also, as some people have emailed me and ask, I am going to keep tabs on the portfolio assuming all positions are long term investments and remain open.  The return of that portfolio (assuming all buys but none of the sells) was 1.4%.  As you notice, we nearly flipped the performance return with the S&P when compared to our first review half way through the month.  Part of this was because I opened up enough positions to cover the entire portfolio, thereby helping soften the blow of any losses I incurred.

Categories: Potpourri
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BUY: Swift Energy Company (SFY)

Thursday, November 30th, 2006

BUY: Swift Energy Company (SFY): $51.27 (11/30/2006)

Sell price: $53.83 or
Sell date: December 30, 2006

Moving Average Convergence/Divergence (MACD) indicates a Bullish Trend.
Chart pattern indicates a Strong Upward Trend.
Relative Strength is Bullish.
Up/Down volume pattern indicates that the stock is under Accumulation.
The 50 day Moving Average is rising which is Bullish.
The 200 day Moving Average is rising which is Bullish.

Profile: Swift Energy Company (Swift) is engaged in the acquisition, exploration, development and operation of oil and gas properties located primarily in the United States and in New Zealand. During the year ended December 31, 2005, the Company had proved reserves of 761.8 billions of cubic feet equivalent. In 2005, Swift Energy’s proved reserves consisted of approximately 51% crude oil, 38% natural gas and 11% natural gas liquids (NGLs), of which 50% were proved developed. Its proved reserves are concentrated in areas, including 52% in Louisiana, 31% in Texas, 16% in New Zealand and 1% in other states. The Company’s core development and exploration project areas are the AWP Olmos area in South Texas, Brookeland in east Texas, Lake Washington in South Louisiana, Masters Creek in Central Louisiana, and the Rimu/Kauri and TAWN in New Zealand.

Categories: Buys
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CLOSED POSITION: NOVA Chemical (NCX)

Thursday, November 30th, 2006

Five Percent Stocks announced that NOVA Chemical (NCX) has run its 30-day course in the Five Percent portfolio. The stock failed to hit its goal or stop loss price during that time.  The blog has closed its position in NOVA Chemical (NCX).

Sell price: $29.31
Days held: 1 month
Position opened at: $29.30
Return: 0.0%
Reason closed: 30-day limit

Please keep in mind that Five Percent Stocks works strictly to its mission of short-term investments seeking the magic 5% number within 30 days. We have a -10% benchmark to close immediately any position. Closing the position is not an indication of our view of this stock as a long term investment. To repeat, we are not professional brokers and do not intend for this advice to influence your own investments.

Categories: Closed positions
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