duffbeer

"Class 6" "Rapids Ahead"

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Having a goal and reaching it is very important. Well my choices found at the bottom of those Duff Beer cans have created excitement. I have learned so much from all of you who post at your blogs. Cheers to Marketocracy, Ken Kim and staffers for sponsoring and manging this event. We all will prosper because of it.

Think just how far we have come since the build out of the web. Imagine where the journey will lead us. The Dick Tracy cartoon strips with the gadget wrist watch are here. My portfolio is based on the hand held device build out and so far, so good. Week 6, (Friday 9/14) ended up 0.53%, tiny but positive, overall it is up 4.54% - that's pretty good progress figuring I had to make up a $47,000 loss.

I entered this contest to learn. If you take a few minutes out to read the blogs, profiles and portfolios you will learn something new. You can only get so much knowledge out of a Duff Beer can but from all these blogs it's endless.

As for my stocks on the sell list, they are improving and moving upward.TNE (-1.81 to -.05), AXYS (-12.36 to -4.76), Zolt (-12.97 to -8.42), SIRF (-26.23 to -12.96), and SNDK (-4.04 to -7.02). Most are still wobbly and I have the scissors out.

I did not want to be a trader in this contest. I wanted to evaluate every 4 weeks and only make changes if drastic events such as bad news on product sales, softening earnings, downgrades or the momentum slows. They still are not out of the dog house. I have a short list of replacements, but for now I will stick with their positive upward action. We await Uncle Ben and his luncheon guests (the Fed's) decision. This week's earnings releases include the investment bankers, we will see just how involved they are in sub prime meltdown.

Enough, I'm thirsty. Time to head to the fridge and sit back with a good, cool Duff Beer. Maybe I will find another stock wo add to my watch list.

Cheers,
Duff Beer