So, before I begin tracking the investools strategy here, I needed to evaluate my current portfolio. Also, how does the fact that I have a current portfolio affect the results I plan on reporting here??
As for evaluating the current portfolio, I currently own 3 stocks: AAPL
, PCU and FCX. AAPL just got a buy signal at 135.5 and the fundamentals are sound. I'll hold, but for this exercise, I'll reset my returns and track as if I had actually gotten in @ 135.5 PCU and FCX are trickier. Both have two green arrows and closed close to the 30 day moving average. FCX passes Phase 2 while PCU does not. Both are on tremendous upswings. Though it doesn't matter, I should point out that I am off ~7% in each already. I could take the small loss and love it or ride it out. Both are really strong on Phase 1. For today, I am going to hold them both but not track them in this strategy . . . they don't fit the investools model. I would love if any of my class buddies are reading, some input on these two stocks . . .
So, there you have it, the first investools move. When I make moves, I put them at the bottom of the post, so here is the first one.
Today's Moves:
In AAPL @ 135.5
Current Investools Return: 0%
2 comments:
looking at pcu and fcx... they don't look that bad and they are about to have 3 greens... if I already had them, I would hold as well. However that is probably a good question for the coach.
They both have support around $15 from their current $. I would expect the stock at this point will go sidewise :) (look I sound all intelligent)
Yea, that is what I was kinda thinking. If they don't break through, I got the first half of a double-bottom. :D Maybe they will break through then. . .
Wrong attitude Dave . . . bad, bad!!
Seriously, I am gonna put my stops on them to limit the fallout from a riskier decision.
The sideways move is an interesting note. I wish I had more free cash in my account, sounds like a Akido move is in order (though I don't know how).
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