*Blue Plate Specials* Portfolio – 10/19/10

Market Notes
That put protection I mentioned yesterday sure would have come in handy today. The market sold off a little earlier than I anticipated (the best laid plans of mice, men, and Dr. Kris, etc.) and although the media attributed the decline to headline news (BofA turd buyback, Apple’s inability to exceed the Street’s outlandish expectations, etc.), today’s fast and furious decline had the distinct odor of pre-calculated program trading that could very well extend into tomorrow’s open.

I believe this just a round of profit-taking in the middle of a bull run, not the beginning of a leg down. So take advantage of the this short-term correction to add to your long positions.

New Long Portfolio
Do you want to know how bad today was? Of the 110 stocks comprising the *Blue Plate Specials* Fund (11 portfolios of 10 stocks each), only FOUR (4) were in the green. Glad you weren’t here to see the carnage.

That being said, Dr. Kris initiated another long portfolio. Hey, if these stocks can do well today, think of what they’ll do when the market turns around.

Today’s ten portfolio selections come from the following *Blue Plate Specials* lists: Breaking out to new highs (5), Breaking out to new highs on lower volume (1), Low-Priced Leaders (2), and Breaking Out (1).

Capture

Today’s portfolio close-out
The 10/4 portfolio was exited today for a 1.9% profit. Today, any gain was a good gain. The 10/05 portfolio will be closed out tomorrow.

Capture2

*Important FYI*
Dr. Kris began these portfolios to illustrate how the stocks given in the daily *Blue Plate Specials*can be used to create or enhance your own stock portfolio. This was meant as a short-term exercise only and frankly Dr. Kris is looking forward to doing other things besides spending several hours a day managing portfolios. In particular, this website will shortly have an entirely new, streamlined look and a companion website focused mainly on investing strategies will be also be unveiled. I’m very excited about this and so I’ve decided that October 29 will be the last *Blue Plate Specials* portfolio.

[See 4/21/10 blog for further details on how these portfolios are constructed.]

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