RD's Picks

Day one of the SLO is in the books. I was pleased to be able to enter buy orders for the stocks I wanted to buy and even squeeze out a very small gain for the day after 'commissions.' I didn't read the commission rates carefully enough, at 5 cents a share buying a 3 dollar and change stock (Northgate Minerals) for the portfolio probably wasn't the smartest move.

All the initial buy orders filled except Rubio's, which is a small cap, thinly traded stock and there wasn't enough volume to completely fill the order under Marketocracy's algorithm. The mix of stocks was enough to get the portfolio compliant under the system rules.

My initial set of buy orders would have left the portfolio about 30% in cash. I had a chance to check on things mid-day and put a little of the cash to work in GSF and PSEC, which had both fallen quite a bit since the open. That leaves me with just under 28% in cash to put to work as bargains pop up. GSF recovered some during the day, but PSEC remains one of the losers.

Comments: View Comments |  Tuesday July 31, 2007