As I like to do on weekends, hopefully before gathering my kids and taking them off to Sunday School, I like to reminisce. Not too far back but look back about six or seven weeks and see if 'our system is working'. As I have mentioned before, if I am able to hang in there with this website, we will soon start looking back six months to check our performance....and really need to think about updating our entries....my entries...anyhow, let's look at August 25, 2003. (Last week we checked out the August 18th week!.)
On August 25, 2003, I picked Electronic Clearing House (ECHO) at $6.36. ECHO closed 10/10/03 at $7.76. This was a great performance with an increase of $1.40 or 22.0%. Also on 8/25/03, I picked Invivo (SAFE) at $20.39. Now SAFE closed 10/10/03 at $15.67 which doesn't look like it was doing well, however, SAFE had a 3:2 split on 9/12/03, and the $15.67 price needs to be adjusted to an effective price of $23.51 meaning a gain of $3.12 or 15.3%.
August 26, 2003, this day I picked only Engineered Support System (EASI) at $54.37. EASI closed on 10/10/03 at $63.50. This was a gain of $9.13 or 16.8%.
On August 27, 2003, my only pick was NetFlix (NFLX) at $32.66. NFLX closed on 10/10/03 at $44.65. Another terrific performance this past six weeks, NFLX has gained $11.99 or 36.7%.
I was busier on August 28, 2003, with 3 picks: SupportSoft (SPRT), Quiksilver (ZQK), and Michaels Stores (MIK). SupportSoft was selected at $8.94. SPRT closed 10/10/03 at $12.24. This is a gain of $3.30 or 36.9%. ZQK closed at $17.90 on 10/10/03. I posted it when it was trading at $18.42. This was a LOSS of ($.52) during this period or (2.8%). MIK was selected at $43.01. MIK closed 10/10/03 at $45.75. This is a gain of $2.74 or 6.4%.
The final pick of the week was Wilson Greatbatch (GB) which was picked on 8/29/03 at $39.24. GB closed 10/10/03 at $36.88. This was a loss of ($2.36) or (6.0%).
Thus for the week which we selected eight stocks we had six with gains ranging from 6.74% to 36.9%, and two with losses of (2.8%) and (6.0%). The average performance for this stellar week was a gain of 15.7%. This is certainly one of our better weeks we have examined...so no claim we can do this every six weeks...but it is interesting to note! Of these stocks, the only stock that I personally own is NetFlix which I have some shares in a managed retirement account.
I hope you had a great weekend and come back and visit here next week!
Bob