SubscribeJutia Portfolio: Update
I usually update the portfolio once a month. However, the market has been soft lately and now is a good time to re-evaluate the open positions in the Jutia Portfolio.
You will notice that some of our top performers are in the list of plays to be fully liquidated. These positions were sold due to their exposure to the market and the sell signal given by the indicators that we follow.
Again, I would consider the overall weakness in the markets to be a healthy and short-term pullback. It will take a few weeks time before a clear picture begins to develop as to when the market will begin to bottom out. From there, I am expecting to see a continuation of the run that normally occurs well into the holiday season.
•Credicorp Ltd. (BAP) – liquidated all shares at $39.97 for a 31.05% gain
•Utstarcom Inc (UTSI) – liquidated all shares at $9.14 for a 15.11% gain
•Morgan Stanley (MS) liquidated all shares at $76.49 for a 7.81% gain
•Post Properties, Inc. (PPS) liquidated all shares at $47.01 for a 2.39% loss
•Companhia Siderurgica Nacion (SID) stopped out at $29.70 for a 5% loss
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