Fantasy Portfolio – March 20
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The past week to two weeks has given Wall Street a huge rally! Stock prices have jumped up and the Dow was up around $1,000 since hitting a low around $6,400.
The downside is all the stocks are becoming overbought. This means that there are less buyers out there than there are sellers. The big investors and especially traders bought when the market was low and are now looking to make a profit since it has risen over the past week.
I used that strategy over the past couple of weeks and have almost broken even with my portfolio while the Dow is still down 18% since the year began. My dividend stocks are providing me with enough cover to be able to speculate with tech names like Apple (AAPL) and Cisco (CSCO) as well as Capstone (CPST). Taking the 10% profits in trades from each of them has helped my portfolio tremendously.
Dow Jones at Year Start- $9,034.69
Dow Jones at End of Week – $7,278.38
Dow Jones Point Gain – (-$1,756.31)
Dow Jones Percent Gain – (-19.44%)
Portfolio at Year Start – $104,435.54
Portfolio at Week End – $103,768.77
Portfolio Total Gain – (-$666.77)
Portfolio Percent Gain – (-0.64%)
Symbol – Shares – Last Price – Purchase Price
MCD —– 50 —– $53.20 —– $54.47
KO ——- 100 —— $42.64—– $40.96
BP ——– 155 —— $39.40 —– $39.99
PFE —– 275 ——- $13.63 —– $14.26
KMP —- 100 —— $45.94 —– $46.92
MO —— 525 —— $16.78 —– $15.75
T ——– 300 —— $25.33 —— $25.82
NAT —- 300 —— $26.79 —— $29.16
CAT —- 100 ——- $27.07 —– $26.36
Transactions for the Week
3/16 – Sell 20,000 CPST for $0.65
3/18 – Sell 30 AAPL for $99.90
3/18 – Sell 600 WWE for $11.00
3/18 – Sell 200 CSCO for $16.65
Dividends Paid
None
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