Hello friends! Once again I will remind you to always remember to consult with your investment advisor as the stocks I discuss may or may not be a good idea for you!
I have been having a bit of a problem with the site builder program from Lycos, so we have not updated all of our picks and prices on the attached page. I will be working on that this week!
What I like to do on weekends is look back a bit and see if what we are picking has done well in the market. Only fair to check on what we write don't you think?
Two weekends ago we looked at the selections of 9/15/03. Last weekend we took a pass on posting so tonight I will look at the week of 9/22/03. You can view the actual selections by paging back on the calendar to the left of this blog and get to the mentioned days. That is how I knew which stocks to review right here!
On September 22, 2003 I posted two stocks: Bio-Reference Labs (BRLI) at $11.63 and TBC Corp. (TBCC) at $24.13. BRLI has actually done quite well (too bad I don't own any shares!) and closed Friday, 11/14/03 at $17.10. This is a gain of $5.47 or 47% in the past 7 weeks. TBCC has also done well since my posting (also I do not own any shares of this either shucks) and closed Friday, 11/14/03 at $29.00 for a gain of $4.87 or 20.2%.
September 23, 2003, was without any picks. On September 24, 2003, I selected America's Car-Mart (CRMT) at $29.61 and Multimedia Games (MGAM) at $34.30. CRMT closed Friday, 11/14/03, at $30.15 for a small gain of $.54 or 1.8%, and MGAM closed Friday, 11/14/03 at $42.80 for a gain of $8.50 or 24.8%.
On September 25, 2003, the WD-40 Company (WDFC) caught my eye at $31.20 and Cree, Inc. (CREE) at $22.16. WDFC closed Friday, 11/14/03, at $33.55 for a gain of $2.35 or 7.5%, and CREE closed on 11/14/03 at $17.99, for a LOSS of ($4.17) or (18.8%). I did not purchase and do not own any of these either.
Finally, on September 26, 2003, I picked Cherokee, Inc. (CHKE) at $20.90 and Abaxis, Inc. (ABAX) at $13.40. CHKE closed Friday, 11/14/03, at $21.75 for a small gain of $.85 or 4.1%, and ABAX closed Friday, 11/14/03, at $17.58 for a gain of $4.18 or 31.2%.
This was actually quite a good week with stocks gaining: 47%, 20.2%, 1.8%, 24.8%, 7.5%, 4.1%, and 31.2%, and one stock down with a loss of (18.8%). The average performance since posting about 7 weeks ago for these 8 stocks was a gain of 14.7%. Too bad I didn't buy any of them!
Thanks for stopping by! We will try to find some more picks next week for you to chew on. Also, if we get a chance, we have been up for a bit over 6 months now, so it will be fun to look at our picks from the "early days" and see how they have stood up. It has been easy picking these stocks these past six months since it has been a good market to do this. The true test will come as we enter a correction phase and get through that as well.
Anyway, thanks again for stopping by. Remember to consult with your investment advisor prior to taking ANY action on these stocks as they may or may not be suitable for you and may result in a significant loss of money!
If you have any questions, comments, or words of encouragement, please feel free to email me at bobsadviceforstocks@lycos.com.
Bob