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Strategies & Market Trends : Underexposed Technical Analysis

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To: Underexposed who wrote (163)9/17/2017 2:38:27 PM
From: Underexposed  Read Replies (1) of 187
 
Update of Fantasy Portfolio as of Sept 15, 2017- with discussion on stock picking

I am less than happy with some of the stocks I have been picking lately. I have been falling into the habit of selecting stocks that are in a bullish run for some time and expecting them to continue on this run. Lately this has backfired on me twice....first with CROX and then with IAG.

CROX took a dive immediately after I purchased them but I had confidence in that stock from a fundamental perspective so I did not bail on them and now they are on the rise again back to almost where I bought them.

Same thing with IAG, I jumped on this gold bandwagon a way too late. I have trouble with gold stocks, always have. These are very emotional stocks and I fall in love with this lover, over and over again... and I get jilted most times {sigh}

This week was a pretty bad week for this portfolio. As you will see from the chart below, we have had our first lower low. It had to happen sooner or later, I suppose but it is not something I like to see.

I am not overly negative though since the $SPX, $INDU and $COMPQ indexes all rose during this last week. So it is not a general malaise at this point though many drum beats are predicting a large correction coming..... Hmmmm... I seem to recall the same drumbeats back in Jan-Feb and they never occurred so I take those with a grain of salt for now. However we are entering into October soon and that is always a troublesome month





I don't like the drop but next week will show if this is a new trend.


Underexposed Fantasy Portfolio Value





Initial:
$100,000.00

Cash :
$12,601.39



Date Value %Gain/Loss
28-Apr
$100,000.00

5-May
$101,693.87
1.7%
12-May
$102,748.72
2.7%
19-May
$101,254.65
1.3%
26-May
$102,355.65
2.4%
2-Jun
$103,159.70
3.2%
9-Jun
$102,136.79
2.1%
16-Jun
$103,365.54
3.4%
23-Jun
$103,639.69
3.6%
30-Jun
$102,936.59
2.9%
7-Jul
$102,430.64
2.4%
14-Jul
$103,988.74
4.0%
21-Jul
$105,716.34
5.7%
28-Jul
$104,171.04
4.2%
4-Aug
$106,296.89
6.3%
11-Aug
$105,091.34
5.1%
18-Aug
$105,218.34
5.2%
25-Aug
$106,233.39
6.2%
1-Sep
$105,558.19
5.6%
8-Sep
$106,352.19
6.4%
15-Sep
$104,679.39
4.7%

Here is the status of each stock in the portfolio. I am not applying any limit stop loss orders yet. If NOMD climbs above 20% I will attach a limit stop loss order for it


Current Portfolio as of Sept 15, 2017


















Ticker Company Shares Price Value % Gain/loss











ETG
Eaton Vance Global Dividend income fund
590
$16.87
$9,953.30
0.72%
NOMD
Nomad Foods Ltd
760
$14.97
$11,377.20
14.10%
ECC
Eagle Point Credit Co. Inc.
490
$20.67
$10,128.30
1.32%
VMO
Invesco Municiple Opportunity Trust
750
$13.24
$9,930.00
0.38%
BGCP
BGC Partners Inc.
780
$13.14
$10,249.20
8.68%
CROX
Crocs Inc
3000
$9.10
$27,300.00
-3.50%
IAG
IAMGOLD
2000
$6.57
$13,140.00
-8.75%




























Total
$92,078.00


Any questions/comments please post them

Good trading
Underexposed
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