Here is where the portfolio stands as of today (end of January)
Liquid: $1,759.75
Equity: $8,962.77
Total assets: $10,722.52
Investment results: +7.22%
In the same period (Nov-Jan), here is what the three major indexes in the US did:
S&P: 4.38%
Dow: 4.48%
NASDAQ: 4.11%
3-index average: 4.32%
Five Percent Stocks Portfolio: OUTPERFORM
BUY: Evergreen Income Adv. Fund (EAD): $14.48 (1/29/07)
Sell price: $15.20 or
Sell date: March 3, 2007
Stop loss: $13.98 (-3.4%)
EMA very bullish
7-day avg directional indicator bullish
50-day MA vs. price
Strong 7 day MA crossover of 15 day MA
Profile: Evergreen Income Advantage Fund (the Fund) is a diversified closed-end management investment company. The primary investment objective of the Fund is to seek a high level of current income. During the fiscal year ended April 30, 2005, the Fund’s investment portfolio included Marquee Holdings, Inc., Mediacom LLC, American Achievement Corp., CSK Auto, Inc., Oxford Industries, Inc., B&G Foods Holdings Corp. and Chiquita Brands International, Inc.
Five Percent Stocks announced that FreightCar America Inc (RAIL) has met its short-term investment goal of 5 percent. The blog has closed its position in FreightCar America Inc (RAIL).
Sell price: $57.88
Days held: 6 days
Position opened at: $55.12
Return: 5.0%
Reason closed: Met 5% goal
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. 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.