Market Notes
After a nasty early morning tumble, the market chugged right back and rallied into the close. The Nasdaq was the only major average that was able to cross into the black which means that we finally have tech leading the rest of the pack. Good. Maybe tomorrow we’ll get that push we need to put the other indexes over their recent tops.
New Long Portfolio
Today’s portfolio selections come from the following *Blue Plate Specials* lists: Breaking out to new highs (5), Breaking out to new highs on Lower Volume (2), Low-Priced Leaders (1), and Darlings of the Day (2).
Today’s portfolio close-out
The 10/12 portfolio was closed out for a 1.3% loss. This time I did the right thing and closed out Hyperdynamicx (HDY) before it broke down any further. Casual Male (CMRG), the other big loser, was doing okay until today when it took a nose dive. Nothing to be done about that.
The 10/13 portfolio will be closed out tomorrow.
*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.]