It is Sunday again and we are facing another week of trading to commence in just a handful of hours. I think it is always helpful to see how our past picks have been performing. As this site develops (?), Maybe we can take a longer-term view. But for now, we have been checking up on our selections each weekend...with a trailing six week look.
The week of July 28, 2003, was fairly busy here with nine selections: Quality Systems (QSII) on 7/28/03, Coventry Health (CVH) on 7/29/03, Community Health (CYH) on 7/29/03, Charles River Labs (CRL) on 7/30/03, Guitar Center (GTRC) on 7/30/03, Chico's FAS (CHS) on 7/31/03, ManTech (MANT) on 7/31/03, United Online (UNTD) on 8/1/03, and Alliance Data Systems (ADS) on 8/1//03.
During the short period since we listed it, QSII has been an outstanding star both for this stock pick section and my actual trading portfolio. You can view my trading portfolio by linking to it via the main webpage http://bobsadviceforstocks.tripod.com
QSII closed Friday, September 12, 2003 at $43.21. We selected it on 7/28/03 at $30.67. This represents a gain of $12.54 or a gain of 40.9%.
Coventry (CVH) got slammed with a general downgrade of HMO stocks by a prominent analyst. It has been fighting its way back and closed on 9/12/03 on $52.20, down from its selection price of $55.77 on 7/29/03 by $(3.57) or down (6.4)%.
Community Health (CYH) is also in the health field but not as an HMO but as a hospital operator. It was selected on 7/29/03 at $19.79. CYH closed Friday, 9/12/03 at $22.55, for a gain of $2.76 or 13.9%.
Charles River Laboratories (CRL), a breeder and seller of specialty lab mice and animals, has not performed quite as nicely as some of the above. It was picked on 7/30/03 at $35.60 and closed Friday 9/12/03 at $31.80, a loss of ($3.80) or (10.7)%. CRL got hit on 9/2/03 after lowering their own outlook on growth in 2003.
Guitar Center (GTRC) struck a nice chord with us (ugh), when we selected it on 7/30/03 at $33.26. This stock closed Friday 9/12/03 virtually unchanged at $33.36 or a gain of $.10 for us.
Chicos FAS (CHS) was recently closed out of our trading portfolio with a 9% loss. However, we failed to make a timely purchase on CHS and waited until additional gains developed from our 'selection' before diving in. CHS was selected on 7/31/03 at $27.22. CHS has actually had a nice gain on this website closing at $31.23 on 9/12/03, a gain of $4,01 or 14.7%.
ManTech Int'l (MANT) showed up on the lists on 7/31/03 at $24.86. This IT company that emphasises National Defense closed on 9/12/03 at $24.00, a loss of $(.86) or (3.4)%.
United Online (UNTD) was picked on 8/1/03 at $33.64. This dial-up Internet access company closed on 9/12/03 at $37.51, a gain of $3.87 or 11.5%.
Finally Alliance Data Systems (ADS) was picked on 8/1/03 at $28.45. ADS closed Friday, 9/12/03 at $28.70. This was up $.25 or a small gain of .88%.
Assuming equal contributions into each of these investments, averaging the performances for the week by averaging the percentage changes yields for us a gain of 6.82% for the picks for the week of 7/28/03. Not too bad a performance at all!
Thanks for stopping by again. Please come back and visit often and consider leaving comments right here on the website...or email me at bobsadviceforstocks@lycos.com if you have any comments or questions!
Bob