Today may turn out to be one of the worst market days in recent history.
We are keeping our eyes on securities that have the most resistance to the trend; in other words, track the stocks that hold their value while the rest plunge. Soon enough these companies will present buying opportunities as the dust settles.
Meanwhile, hold on tight, it's going to be a rough ride!
Showing posts with label SP 500. Show all posts
Showing posts with label SP 500. Show all posts
Monday, August 24, 2015
Thursday, June 16, 2011
We Have Hit the Jackpot with SUG
During the last three years SUG was mentioned on many occasions in this blog as a buy candidate.
Commented on 5/23/08 at 26.42.
Liked it even better on 1/29/09 to lower the average cost and buy it at 13.30.
Added to choice stocks on 7/25/09 at 19.80.
Featured on the watch list on 8/19/09 at 19.04.
Again included in the watch list on 8/22/09 at 20.85.
We have had several opportunities to load up on SUG. For those who took advantage of these observations, kudos to you!
Today, Energy Transfer Equity announced that it is buying Southern Union Co. (SUG) for 33.00 per share... JACKPOT!!!
Trading at this time for 33.15 on the news, I am glad to cash in on a long awaited result.
This transaction represents a 25.5% return from the original comment price, not including an average yield of about 2.5%.
Had those of you who followed this security bought into weakness, you may have realized a total profit of nearly 75% over the past three years while the S&P 500 experienced an 8% loss, nothing to sneeze at.
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Commented on 5/23/08 at 26.42.
Liked it even better on 1/29/09 to lower the average cost and buy it at 13.30.
Added to choice stocks on 7/25/09 at 19.80.
Featured on the watch list on 8/19/09 at 19.04.
Again included in the watch list on 8/22/09 at 20.85.
We have had several opportunities to load up on SUG. For those who took advantage of these observations, kudos to you!
Today, Energy Transfer Equity announced that it is buying Southern Union Co. (SUG) for 33.00 per share... JACKPOT!!!
Trading at this time for 33.15 on the news, I am glad to cash in on a long awaited result.
This transaction represents a 25.5% return from the original comment price, not including an average yield of about 2.5%.
Had those of you who followed this security bought into weakness, you may have realized a total profit of nearly 75% over the past three years while the S&P 500 experienced an 8% loss, nothing to sneeze at.
.
Sunday, October 17, 2010
Results for "Stocks to Watch - Sept 13, '10"
For the period of 9/13/10 thru 10/15/10, this was our watch list and outcome:
Stock Symbol-------9/13/10----------------10/15/10
BCE------------------31.85-------------------33.57 (up 5.40%)
FMCN----------------20.36-------------------24.00 (up 17.88%)
NVS------------------54.42-------------------59.02 (up 8.45%)
The outcome was very good, our average gain for this period was 10.58% while the S&P 500 gained about 4.84% during the same interval of time.
We are back on track.
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Stock Symbol-------9/13/10----------------10/15/10
BCE------------------31.85-------------------33.57 (up 5.40%)
FMCN----------------20.36-------------------24.00 (up 17.88%)
NVS------------------54.42-------------------59.02 (up 8.45%)
The outcome was very good, our average gain for this period was 10.58% while the S&P 500 gained about 4.84% during the same interval of time.
We are back on track.
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Monday, September 13, 2010
Bouncing Back
It is still early but we may have been right on our call of August 12, 2010. The S&P500 index held its ground at around the 1050 level (closed at 1047.22 on 8/26/10) and since then, in nearly four weeks, it has gained about 6% from those lows.
Technically, I could see a continuation of the uptrend for at least the next quarter. This may be a good time to pick up some bargains.
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Technically, I could see a continuation of the uptrend for at least the next quarter. This may be a good time to pick up some bargains.
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Thursday, August 12, 2010
...and the beat goes on
Yesterday, we experienced a tremendous beating of most of the markets and individual stocks. This morning, we expect that the downtrend to continue in a significant manner, at least for the early part of the trading day.
If the S&P 500 Index closes today below the 50 day moving average at 1087, then the downward momentum will continue with the next support level at 1023, that would represent an additional 6% drop in the index.
Should the index retreat reach near the 1050 level and bounce back in the next two weeks, then we can view the chart as having formed a reverse "head and shoulders pattern". In that case, it may be a good time to go bottom fishing for some bargains. These are the times when we position our funds for future profits.
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If the S&P 500 Index closes today below the 50 day moving average at 1087, then the downward momentum will continue with the next support level at 1023, that would represent an additional 6% drop in the index.
Should the index retreat reach near the 1050 level and bounce back in the next two weeks, then we can view the chart as having formed a reverse "head and shoulders pattern". In that case, it may be a good time to go bottom fishing for some bargains. These are the times when we position our funds for future profits.
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