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Stock Purchases 8/10/07
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Today I bought 150 more shares of FDS after it fell at the open. I ended up lowering my cost basis and made money on the buy, by the end of the day. I will keep adding to positions when they are below my cost. Typically, I'll add 10%. While there are a lot of problems in the market right now, I am comfortable that my portfolio of companies will perform well in this environment, as will their stocks. Speaking to that point, here's how my portfolio has done over the past two harrowing weeks: Stock Gain/Loss Weighting ACAS... +6.96% ... 16% GIL.... +3.83% ... 9% Please note that the biggest gains were in those stocks with the biggest concentrations. One side note....In my personal account I bought some Countrywide Financial (CFC). It struck me that there was blood in the streets, and that Countrywide is strong enough financially, and has a strong enough management, to not only weather this storm, but come out of it in a stronger situation competitively. I didn't buy in this competition because it only has a six month time frame and the payback on the CFC investment will probably be about two years. | ||
