*Blue Plate Specials* Portfolio – 8/23/10

Previous portfolio close-outs
Due to a death in the family (and much thanks to all of you who offered your condolences!) I was unable to blog last week, but I did close out the long 8/2 – 8/5 portfolios as per the 11 day schedule.

Today’s Portfolio Close-out
Today, the 8/6 portfolio was closed out within an hour of the close.

Today’s new short portfolio
Since the market closed below its 40 dma for the third day in a row, a new short portfolio was created out of the five stocks on today’s *Blue Plate Specials* New Lows list. Because the overall fund is running at a loss since inception, portfolio positions have been proportionately reduced. The current maximum position size is $978.

Note that only common stocks (alas!) are selected for these portfolios and only stocks over $5 can be short candidates.

For more info on how this portfolio is generated and how you can construct your own, see the fund rules in the 4/21/10 blog. And remember to do your own due diligence!

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