*Blue Plate Specials* Portfolio – 5/05/10

The market is still in bear market mode and we are generating short portfolios.

All of today’s candidates are culled from the New Yearly Lows and the Breaking Down lists on today’s *Blue Plate Specials.*


For more info on how this portfolio is generated and how you can generate your own, see the fund rules in the 4/21/10 blog.

Today I covered short position ESE at $32.10. It was initiated in yesterday’s portfolio. The stock jumped at the open on good earnings news–yet another example of why it’s never wise to hold a position (especially a short one) over earnings.

Also, I mentioned yesterday that I closed out the long portfolios. I didn’t have time to post the results yesterday but I will later today. My apologies for any inconvenience.

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