Wednesday, October 29, 2008

Nice Rally

The market has had a very nice rally the last two days, and so I decided to take some profits as I know the market will drop back down again. Sold 20% of my holdings in FRO, POT & CAT.

Sold FRO @ $31 + 24%
Sold POT @ $82 + 26%
Sold CAT @ $37 + 23%

I will be looking to buy shares back again when the market drops back down again. I wouldn't be surprised to see these back at the entry points I posted as soon as next week...

Thursday, October 23, 2008

FRO & CAT

Two entry points executed today... FRO @ $25 and CAT @$30.

Also bought more shares of Potash (POT) @ $65 to help bring down my average cost.

Monday, October 20, 2008

Uhg

Well... obviously it has been a while since I have posted. What a fun down hill ride this market has been. Definitely learned a lot about the stock market over the last few months, which is a good thing, but my portfolio is of course hurting like most other investors.
I have realised this is a great opportunity to start my long term portfolio positions buy getting into great stocks that have fallen to their lows.

Here are the stocks and prices points I will be looking to get into over the next month.
Most important are FRO, CAT & BAC as these three companies have nice dividend yields of 16%, 6% & 5%. I plan to sit on these dividend yields while this market continues to be crazy.

Company Name, Entry Point, Sector

Apple (APPL) ~ $85 Tech
Frontline LTD (FRO) ~ $25 Transportation
Caterpiller (CAT) ~ $30 Capital Goods
CV Therapeutics Inc ~ $7 Healthcare
Bank of America ~ $18 Finance