Portfolio Update - August 2009
Sunday, August 9th, 2009A few things have happened since i last reported on my market activities:
New Purchases:
JNJ - it’s a great company and I picked it up for 55.44. It should also benefit from the stimulus money and an aging population
ABT - The benefits of the stimulus should also be felt by Abbott Labs. Got is at $44.20
RYU - Weighted utilities, can’t go wrong at $39.00
TAN - I believe solar power is the best out there and eventually it will dominate over others. The key is: no movable parts.
Sales:
F - Although ford may rebound in the future, i dont believe it is a good long term investment. Sold it for a capital gains loss.
SIRI - I was going to rebuy SIRI, but i think there are better opportunities out there.
Previous Holdings:
WM, LEH, NT - I’m holding on to these to see how the bankruptcies play out.
BAC - I still like this copmany, 2nd quarter of 2009 was poor, but once all the loan losses are absorbed, the should be in the big time money.
IRBT - Holding on.
DOW and S&P 500 - Holding on, it’s kind of a no brainer
XLF - i think the potential is big for financials. Plus XLF also holds real estate companies, upside only.
GE - Holding on.
BX - a little recovery this week, the stock shot up before the earnings release, Im holding on till it hits at least $25
| Stock | Date Purchased | Price paid | Price as of Today |
| GE | 20-Jan-09 | 13.01 | 14.70 |
| BX | 6-Nov-08 | 8.00 | 14.29 |
| XLF | multiple | 10.40 | 14.35 |
| ETFC | multiple | 3.57 | 1.38 |
| BAC | multiple | 32.36 | 16.42 |
| BLDP | 23-Jan-08 | 4.20 | 1.85 |
| IRBT | 15-Apr-08 | 17.00 | 11.10 |
| AMD | 12-Feb-07 | 14.50 | 3.70 |
| REV | multiple | 11.20 | 6.04 |
| FOGC.PK | multiple | 0.07 | 0.01 |
| BPLT.PK | multiple | 0.07 | 0.01 |
| LEHMQ.PK | 18-Sep-08 | 3.57 | 0.05 |
| WAMUQ.PK | multiple | 3.57 | 0.10 |
| NRTLQ.PK | 6-Jun-06 | 22.20 | 0.05 |
| RYU | 20-May-09 | 39.00 | 42.61 |
| JNJ | 24-Jun-09 | 55.44 | 59.90 |
| TAN | 6-Jul-09 | 8.88 | 9.82 |
| ABT | 5-Aug-09 | 44.20 | 43.84 |