Hello Friends! We are now looking at stocks about nine weeks out...at this point from the week of December 1, 2003. As regular readers of this BLOG may know, I like to use the weekend to post updates on past performances of selection. This is my way of determining whether anything I do here really makes sense. I have to look and share with you the results of the selections. I hope you find this informative!
During the week of December 1, 2003, I selected five stocks for this website: Thomas Nelson (TNM) was selected on 12/2/03 at $19.91, Kensey Nash (KNSY) was posted on 12/3/03 at $22.20, Pogo Producing (PPP) was selected on 12/4/03 at $46.66, ResMed (RMD) was picked on 12/5/03 at $41.76, and finally, Medical Action Industries (MDCI) was selected on 12/5/03 at $17.25.
Thomas Nelson was posted on "Stock Picks Bobs Advice" on 12/2/03 at a price of $19.91. TNM closed at $25.56 on 2/6/04 for a gain of $5.65 or 28.4%. I have never had shares of this stock.
Kensey Nash was selected for "Bobs Advice" at a price of $22.20. KNSY closed on 2/6/04 at $26.56 for a gain of $4.36 or 19.6%. I have shares of this stock in my trading portfolio.
Pogo Producing was posted on Bobs Advice on 12/4/03 at a price of $46.66. This stock was purchased in my trading account and sold shortly thereafter with a small loss. PPP closed 2/6/04 at $40.64 for a loss of $(6.02) or (12.9)%.
The fourth stock listed is an interesting company that I have never had the opportunity of owning shares: ResMed. RMD was picked for Bobs Advice on 12/5/03 at $41.76. RMD closed on 2/6/04 at $47.80 for a gain of $6.04 or 14.5%.
The final stock selection of the week is another stock that I have never owned shares: Medical Action Industries (MDCI) which was posted on this website on 12/5/03 at a price of $17.25. MDCI closed today, 2/6/04 at $16.93 for a loss of $(.32) or (1.9)%.
Thus, these five stocks, during a period of only nine weeks, had an average performance of a gain of 9.54%. This was a nice group of stocks that performed well for us.
Please let me know by email if you have any questions, comments, or words of encouragement. Please feel free to leave your comments right here or email me at bobsadviceforstocks@lycos.com
Bob