The Picks Pay Off!

We're coming up on two weeks since we made our intial foray into the market(Wednesday, September 27). It's time to take stock (pun intended).

As expected, we took a number of casualties. GOL, AEOS, ASFI, and GILD all were stopped out. In addition, I cut my position in BWNG in half because of continued weakness. Only DRIV, TWGP, AAPL, and ICE survived. AAPL just barely made it, down 5% in two weeks and limping along on life support. Since TWGP and ICE showed continuing strength, I doubled up on my positions in those two, which paid off handsomely.

The three strong survivors did quite well, with ICE leading the way, up 21% in seven trading days! Overall, the invested portion of the portfolio (55%) has risen approximately $6300, or 5.3% in less than two weeks. We will now concentrate on taking profits while exiting these positions and finding new winners for the balance of the month.