Fantasy Portfolio – March 27
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My portfolio has not seen an increase or decrease in shares of any stock this past week as nine of the last fourteen days have been up days. There just hasn’t been any buying opportunities out there. Too many of the stocks that I watch are overbought right now according to most of the technical indicators that I use to base my buys and sells on.
Caterpillar made a nice rebound for my portfolio. In the past three weeks, it has gained a spectacular 30%! When you buy on the way down, you can make some huge gains! I never chase a stock when it’s price is going up. It makes more sense to buy the stock when it pulls back and takes a bit of a loss than to buy it as it’s going up, because you might get in at the wrong time at the top and see it drop a few points and get discouraged. I’ve learned this lesson a few times it both my fantasy portfolio and my real investments. As long as the fundamentals of the stock are still good, buy while it is dropping a few points. You’ll be happy you did when it rebounds!
If you’re wondering why I haven’t made too many moves lately either getting in or out of stocks, you’ll now understand. It might be time to take a little off the top and secure some of my gains just in case the market pulls back a little in the next week.
Dow Jones at Year Start- $9,034.69
Dow Jones at End of Week – $7,776.18
Dow Jones Point Gain – (-$1,258.51)
Dow Jones Percent Gain – (-13.93%)
Portfolio at Year Start – $104,435.54
Portfolio at Week End – $105,845.57
Portfolio Total Gain – ($1,410.03)
Portfolio Percent Gain – (1.35%)
Symbol – Shares – Last Price – Purchase Price
MCD —– 50 —– $55.01—– $54.47
KO ——- 100 —— $45.10—– $40.96
BP ——– 155 —— $40.91 —– $39.99
PFE —– 275 ——- $14.04 —– $14.26
KMP —- 100 —— $46.77 —– $46.92
MO —— 525 —— $16.56—– $15.75
T ——– 300 —— $26.00 —— $25.82
NAT —- 300 —— $29.78 —— $29.16
CAT —- 100 ——- $30.35 —– $26.36
Transactions for the Week
None
Dividends Paid
None
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