The week of September 1, 2003, was a quiet one for this website. During that week we made three selections: Sohu.com (SOHU)at $32.47 on September 2, 2003, Take-two Interactive (TTWO) at $35.75 on September 3, 2003, and Interpore Int'l. (BONZ) at $17.50 (the price I paid for the 300 shares I bought the same day as I did not list a price that day on the pick!).
SOHU closed 10/17/03 at $35.20. for a gain of $2.73 or a gain of 8.4%, TTWO closed 10/17/03 at $39.34 for a gain of $3.59 or a gain of 10.0% over the period. We didn't have as much luck with BONZ which closed on 10/17/03 at $12.00 for a loss of ($5.50) or a loss of (31.4%). Averaging these three selections, we have an average loss of (4.3%) during this period. In real life, we stopped out of our actual purchase of BONZ with a 9% loss. This would also have assisted the performance of these three! Shows the importance of limiting losses doesn't it?
Have a great weekend everyone! Thanks again for stopping by and if you have any questions, comments, or words of encouragement please leave them right here (post under the comments where it says something like "no comments"...) or email me at bobsadviceforstocks@lycos.com .
Bob