Hello Friends! It is time for the Saturday morning review. Almost sounds like one of my favorite shows, Saturday Night Live! But not quite as funny I don't think. As always, please remember to check with your investment advisor before making any decisions based on information on this website!
During the week of 11/10/03, I selected six stocks for mention on this site. I do not own any shares of these six stocks nor did I own them when I posted them! They are: CollaGenex Pharmaceuticals (CGPI), Fossil (FOSL), Coinstar (CSTR), Medtronic (MDT), Whole Foods Market (WFMI), and Medical Technology Systems.
On 11/10/03, I picked CollaGenex (CGPI) at $10.45. CGPI closed on 1/2/04 at $11.01 for a gain of $.56 or 5.4%.
Fossil (FOSL) and Coinstar (CSTR) were picked on 11/11/03. FOSL closed on 1/2/04 at $27.95, for a loss of $(.47) from its selection price of $28.42 or (1.7)%. CSTR was picked at $17.18 and closed 1/2/04 at $18.19 for a gain of $1.01 or 5.9%.
Medtronic (MDT) and Whole Food Market (WFMI) were picked on 11/13/03. MDT was $46.39 on the selection date and closed on 1/2/04 at $48.42 for a gain of $2.03 or 4.4%. WFMI was picked at $64.68 and closed at $66.45 on 1/2/04 for a gain of $1.77 or 2.7%.
Finally, Medical Technology Systems (MPP) was picked on 11/14/03 at $6.00. MPP closed on 1/2/04 at $6.37 for a gain of $.37 or 6.2%.
In summary, we had six stocks which had an average gain of 3.82%. This isn't too bad considered the time period was only about 7 weeks. This does NOT take into consideration transaction costs and taxes of course which would reduce the theoretical performance!
Thanks again for stopping by! If you have any questions, comments, or words of encouragement, please feel free to post them right here or email me at bobsadviceforstocks@lycos.com
Bob