Someone on the Yahoo Groups board mentioned that the contrarian indicator from the board itself was flashing a sell signal yesterday (This indicator is thoroughly untested, but suggests that the more posts on the Yahoo board, the more over bought the stock market. It seems kind of logical as people would rather post when they're happy.My portfolio was down an ugly 2.7%. That made today the second straight day I lost 1% more than the Russell 3000. I am still ahead of the index by over 3%, but the gap is narrowing. This drop happened despite my having the 6th best stock on the NYSE, DGX. They reported a solid quarter and gave good outlook for the remainder of 2007. This caused them to jump almost 7% (ironically, another MFI stock, DPZ was up 16%!).
It was such a crummy day, I have set up a new Blue Light Special Portfolio. The BLS has some names that are not exactly on fire:
| Symbol | Shrs | Price Paid | Trade | Gain | |
|---|---|---|---|---|---|
| ALOY | 1,011 | 9.89 | 9.82 |  $70.77 | 0.71% |
| AVR | 633 | 15.81 | 15.52 | $183.57 | 1.83% |
| HW | 639 | 15.64 | 15.52 | $76.68 | 0.77% |
| IWV | 1 | 88.37 | 87.57 | $0.80 | 0.91% |
| KG | 561 | 17.83 | 17.61 | $123.42 | 1.23% |
| MTEX | 930 | 10.75 | 10.77 |  $18.60 | 0.19% |
| OPMR | 1,307 | 7.65 | 7.59 | $78.42 | 0.78% |
| PACR | 450 | 22.21 | 22.05 | $72.00 | 0.72% |
| TGIS | 966 | 10.35 | 10.41 | $57.96 | 0.58% |
| TZOO | 435 | 22.99 | 22.41 | $252.30 | 2.52% |
| USHS | 1,117 | 8.95 | 8.85 | $111.70 | 1.12% |
| Total (USD): | - | - | - | $893.10 | 0.89% |
LRCX reported their earnings (kind of) after the bell (Lam Research Corporation Announces Selected Financial Results for the Quarter Ended June 24, 2007). Their sales were up a whopping 29%. But not a whole lot of color in their press release, so I suppose I'll have to wait.
Obviously I had some stocks (actually many stocks) taken to the woodshed in my 2nd worst day of the year (Feb 27th was the worst). Here are a few of the downers:
UG down 10.4% (mostly late in the day as they were up early).
FTO down 7.6% (HOC, WNR and TSO were all torched as well... I assume profit taking).
TRLG down 5.1%
PNCL down 4.9%
PACR down 4,7% as they were downgraded.
EGY down 4.6%
GVHR down 4.4%
VALU down 4.4% (I felt that gain yesterday was over done)
DGX, KSW and NOOF can all take bows as only stocks in the green.
My newest stock, MEOH, is supposed to release earnings this evening. Maybe they're arguing over a preposition.
I saw Cramer is doing a thing on tech stocks, saying they're "immune" to downturn. Somehow the Naz dropped 50 points despite JC's assurances.
I do apologize that I have not made headway on my backtesting study. My friend who was going to get the data for me via Perl has gotten side-tracked.
Posts
No comments:
Post a Comment