Friday, November 02, 2007
Second LTM Buy...
LTM faded lower with the markets over the last two sessions, hitting my target of $57.25. I placed an order for the AM folioFN window and got 1.75593 shrs @ $56.95. My cost basis is 3.41568 shrs @ $58.553, from which values I will set my 12.5% stop loss and 25% target ($51.233 and $73.191, respectively).
Not many new candidates, which is good as I am beginning to think I have too many stocks. I prefer a concentrated portfolio of winners, not a difficult to manage mutual fund-like portfolio. SMG got killed yesterday and may be out. On the other hand, WDC just blew out their numbers and it is up 25% from my original buy point. I'll have to look at the chart and see if I can find a suitable add-on buy point.
For now,
Masterjaz out
Not many new candidates, which is good as I am beginning to think I have too many stocks. I prefer a concentrated portfolio of winners, not a difficult to manage mutual fund-like portfolio. SMG got killed yesterday and may be out. On the other hand, WDC just blew out their numbers and it is up 25% from my original buy point. I'll have to look at the chart and see if I can find a suitable add-on buy point.
For now,
Masterjaz out
# posted by Masterjaz Out @ 9:31 AM 
