Hello Friends! I hope you all had a very good Thanksgiving and went light on the stuffing. I know I better be thinking about that Atkins Diet again! As always, please consult with your investment advisor before taking any action on stocks we discuss but feel free to use any ideas here for those discussions!
Didn't see much worth posting yesterday on the shortened session. As I like to do on Saturdays, it is nice to look back a bit and see how the selections on this website have been doing. Since last week, I have also started looking back to the early days of this site (6 months ago lol), and getting a bit better idea of the long term performance.
During the week of October 6, 2003, which you can review by clicking on the dates on the calendar to the left of these posts, I selected seven stocks for consideration. I have not purchased any of these issues, although I do have some shares of CVS in a separate managed account NOT under my direction. These seven stocks were: Inter Parfums (IPAR) at $10.98 on 10/6/03, Fargo Electronics (FRGO) at $14.82 on 10/6/03, Regis (RGS) at $35.17 on 10/7/03, CVS Corp (CVS) at $33.57 on 10/7/03, Ceradyne (CRDN) at $30.50 on 10/8/03, NetGear (NTGR) at $17.88 on 10/9/03, and Infosys Tech (INFY) at $77.40 on 10/10/03.
IPAR has done quite well since the post (too bad I didn't buy any shares). They closed yesterday, 11/28/03 at $20.26 for a gain of $9.28 or 84.5%.
Fargo closed 11/28/03 at $14.12, for a loss of ($.70), or (4.7%).
Regis (RGS), the salon firm, has done a bit better closing Friday, 11/28/03 at $40.95 for a gain of $5.78 or 16.4%.
CVS closed 11/28/03 at $37.46 for a gain of $3.89 or 11.6%.
Ceradyne (CRDN), the ceramic armor manufacturer, closed Friday 11/28/03 at $42.71, for a nice gain of $12.21 or 40%.
NTGR finished up the week at $13.49 for a loss of ($4.39) or (24.6%).
Finally, Infosys (INFY) closed Friday, 11/28/03 at $83.05 for a gain of $5.65 or 7.3%.
In summary, of the seven stocks, five had gains and two had losses. The average percent performance of these 7 stocks for approximately the last seven week period amounted to an 18.6% gain. This is a terrific performance for that week's selections.
Remember, past performance is no guarantee of future performance, but what the heck it was a great week wasn't it?
Thanks once again for visiting. If you have any questions or comments, please leave them right here under 'comments' or email me at email@example.com