8/23/2008 11:29:54 AM
Hello Everybody
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Trade Actions:
None this week. We are holding 6 positions in a 10 position account. I am trying to find a way to move into a more balanced portfolio.
Market Outlook/Potential Opportunities:
The stock market is trying to extend it's gains. It should go on for another couple of weeks. Looking to add a couple of Short ETF's. The inflation hedges are still under pressure. Gold, Nuclear and Biofuel are long term holds. Still we need to put in some stops in case this change in direction gets worse.
Current Long Portfolio:
Long CGW Global Water @ 25.55 | It closed at 23.27 | Stop at 22 |
Long GLD ( Street TRACKS Gold ) at 90 | It closed at 81.08 | Stop at 73 |
Long NLR Nuclear Energy @ 32.59 | It closed at 28.62 | Stop at 25 |
Long FUE Elements BioFuel @ 10.0 | It closed at 10.2 | Stop at 9 |
Long PXN Nanotech @ 14 | It closed at 14.15 | Stop at 13.5 |
Long HHJ Emerging Cancer @ 16.5 | It closed @ 16 | Stop at 15 |
Current Short Portfolio:
None
Recently Closed Positions
None
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Thank You
To contact me you can e mail me bill@stockbarometer.com
