Archive for February, 2007

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Picks extend gains over the markets

Wednesday, February 28th, 2007

Here is where the portfolio stands as of today (end of February)

Liquid: $5,780.45
Equity: $4,973.64
Total assets: $10,754.09
Investment results: +7.54% (up 0.30% from Jan 31)

In the same period (Nov-Feb), here is what the three major indexes in the US did:
S&P: 2.08% (down from 4.38%)
Dow: 1.54% (down from 4.48%)
NASDAQ: 2.09% (down from 4.11%)
3-index average: 1.90%

Five Percent Stocks Portfolio: OUTPERFORM (397% higher, 5.64% net)

Categories: Potpourri
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CLOSED POSITION: Wells Fargo & Company (Public, NYSE:WFC)

Tuesday, February 27th, 2007

Five Percent Stocks announced that Wells Fargo & Company (Public, NYSE:WFC) has hit its stop loss price in the Five Percent portfolio. The blog has closed its position in Wells Fargo & Company (Public, NYSE:WFC).  

Sell price: $34.75
Days held: 15 days
Position opened at: $35.88
Return: -3.3%
Reason closed: Stop loss

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 pre-determined stop loss benchmark noted in the original BUY posting 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.

See the original BUY posting for (WFC)

Categories: Losses, Closed positions
Comments: 1 Comment

CLOSED POSITION: Movado, Inc (MOV)

Tuesday, February 27th, 2007

Five Percent Stocks announced that Movado, Inc (MOV) has hit its stop loss price in the Five Percent portfolio. The blog has closed its position in Movado, Inc (MOV).  

Sell price: $28.11
Days held: 21 days
Position opened at: $29.43
Return: -4.4%
Reason closed: Stop loss

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 pre-determined stop loss benchmark noted in the original BUY posting 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.

See the original BUY posting for (MOV)

Categories: Losses, Closed positions
Comments: Be the first to comment

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