It is Saturday and it is a nice time to reflect on the first month's activity of our stock picks. Hopefully, as we maintain this site, we can give the stocks a little longer time period...and look at 6 month follow-ups!
June 16 found us recommending a stock that was soon to be acquired Whitman (WIX) that is thus no longer traded, oh well...and two interest sensitive stocks that as you know....now are under pressure as the interest rates appear to have bottomed at least temporarily.
American Home Mortgage (AHMH) was trading at $19.49 when it was posted on 6/16/03. It closed Friday at $19.10, a loss of $.39 or (2.0%) since the post.
We listed Dominion Homes (DHOM) on 6/16/03 trading at that time at $24.50. It closed Friday 6/25/03 at $24.29...down only $.21 since our post for a loss of (.9%).
Quest Diagnostic (DGX) was at $64.28 on 6/16 and is now trading at $48.78, a loss of $5.50 or (8.6%) since last month.
Factset Research (FDS) was selected on 6/17/03 at $40.39. Closing Friday at $44.00 this represents a gain of $3.61 or 8.9%.
Outback Steakhouse (OSI) was trading at $39.76 when it made our list. Friday OSI closed at $37.09, for a loss of $2.67 or (6.7%).
Tofu Time Inc. (TOF) traded at $2.82 when it was selected. TOF closed at $3.10 on 7/25/03 for a gain of $.28 or a gain of 9.9%.
LifeCell Corp (LIFC) was posted on 6/18/03 at $5.78. Currently trading at $4.99, this is a loss of $.79 or (13.7%).
Macrovision was selected on 6/18/03 at $21.15. Currently, MVSN closed at $22.69 on Friday for a gain of $1.54 or 7.3%.
Forest Labs was trading at $54.99 when we posted in on 6/20/03. Currently, FRX closed at $45.33, which was a loss of $9.46 (yikes Scott B. was right!)...representing a loss of (17.2%).
Laboratory Corp. (LH) was at $30.68 when we posted it on 6/20/03. Currently trading as of 7/25/03 at $31.20, this is a gain of $.54 or 1.8%.
Overall, a very dismal month for our picks of 6/16/03. We had 7 stocks with losses ranging from 17.2% to .9%, and 4 stocks with gains of 1.8% to 9.9%. Averaging this performance, we had an average loss of (2.73%) on the month from these stocks.
It will take longer to see how these stocks do over the intermediate future. But I have been stopped out on some of these stocks in my own trading portfolio and thus we limit our losses on issues to 8%.
Good luck investing and please stop by often and leave me a note at Bobsadviceforstocks@lycos.com or right here on the website if you have any questions, comments, or words of encouragement!
Bob