Hello Friends! I got a bit of a late start this weekend...so let's get right down to business. One of the things I like to do is to review the stock picks in a methodical fashion on weekends. Currently, I am looking back about two months, and about seven months. As the BLOG gets older, I will probably drop the two month review and stay with about a 7 month and a 1 year review. If you have additional ideas, please email me and let me know. Also would appreciate knowing if this review process is helpful. I think I owe it to any reader who comes by, to review past picks to find out how this whole process is working! And I am certainly NOT always making profitable picks!
During the week of January 5th, 2004, I made six stock selections: Applied Films (AFCO), Dollar Tree (DLTR), UniFirst (UNF), Kenneth Cole Productions (KCP), Resources Connection (RECN), and American Medical Systems (AMMD).
On January 5, 2004, I posted Applied Films (AFCO) at $37.46/share. AFCO closed 3/12/04 at $31.00/share for a loss of $(6.46) or (17.2)%.
Dollar Tree (DLTR) was picked on Bob's Advice on 1/6/04 at $31.85. DLTR closed on 3/12/04 at $29.63 for a loss of $(2.22) or (7.0)%. Clearly this latest correction in the NASDAQ took a toll on our stocks as well!
UniFirst (UNF) was posted on the blog on 1/7/04 at a price of $27.11. UNF closed on 3/12/04 at $25.41 for a loss of $(1.70) or (6.3)%.
Kennect Cole Productions (KCP) was posted on Bob's Advice on 1/7/04 at a price of $31.95/share. KCP closed 3/12/04 at $32.41 for a gain of $.46 or 1.4%.
Resources Connection (RECN) was selected for the blog on 1/8/04 at a price of $34.50. RECN closed 3/12/04 at a price of $34.00 for a loss of $(.50) or (1.4)%.
Finally, American Medical Systems (AMMD)was picked on Bob's Advice on 1/9/04 at $25.96. AMMD closed 3/12/04 at $28.15 for a gain of $2.19 or 8.4%.
Overall, my six stock picks during this eight week session had an average loss of (3.7)%. This was a tough period for the NASDAQ which has given up all of its gains for 2004, and my picks did not escape the downdraft!
Thanks so much for stopping by! As always, please be sure to do your own due diligence on these and all stock picks on the blog. Be sure to consult with your financial advisor to make sure that the stock discussed is appropriate for you as all investments involve risk of losses as well as gains!
If you have any questions, please feel free to email me at email@example.com and I will try to get back to you ASAP!