Hello friends. It is a weekend again, thank goodness and time to look back on our progress or lack of progress. I do not claim that this is a 'get rich scheme' but rather a reasonable method of picking 'quality stocks' that will appreciate over time. Let's see how our June 9th picks are doing.
First pick was Accredited Home Lenders (LEND) on June 9, 2003 when it was trading at $19.58. Currently as of close of trading on July 18, 2003, LEND is at $20.10, a gain of $.52 or 2.65%.
On June 10, 2003, we selected Caremark Rx (CMX) at $24.66. Currently CMX is trading at $25.13, a gain of $.47 or a gain of 1.9%.
June 10, 2003, also found us looking at Packeteer (PKTR) at $15.10. PKTR had a TERRIBLE day today....yikes...down $2.59 to $13.67. This is overall a loss of $1.43 from our purchase price or a loss of (9.47%).
Pediatrix (PDX) was selected on June 10, 2003, at $38.80. Currently PDX is trading at $39.70, a gain of $.90 or a gain of 2.31%.
June 11, 2003, we selected WebEx Communications (WEBX) at $14.41. WEBX closed today (7/18/03) at $15.19. This is a gain of $.78 or 5.4%.
Our next pick was Lennar (LEN) at $75.45. The homebuilders have been under a lot of pressure the past few weeks as mortgage rates have been reflating. (is that a word?) Anyhow, LEN closed at $68.35, a loss of $7.10 or a loss of (9.4%).
Charles River Associates (CRAI) was picked on 6/12/03 at $27.95. CRAI closed on 7/18/03 at $31.05 a gain of $3.10 or (11.09%).
Oshkosh Truck (OSK) was picked on 6/12/03 at $62.50. OSK closed today at $58.60 or a loss of $3.90 or (6.2%).
The final pick that week was Lannett Company (LCI) which was selected at $21.53. LCI closed today (7/18/03) at $20.50 a loss of $1.03 or a loss of (4.78%).
This was overall a mediocre performance for this group of stocks. Hopefully long-term we shall see improved performance....but the jury is out and we'll continue to monitor our performance to see if we need to change our rules of investing!
Regards to all of my friends....