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This weekend served as a great opportunity to update everyone on the picks in our portfolio. The market has been quite harsh, especially on the date February 27th, 2007 when the market dropped over 500 points. These shocks can really derail a momentum portfolio. Either the one-year weekly MACD diverged or the 5% stop loss was hit in triggering liquidation of four positions. This is a strong sign that the overall markets are weak. Now is a great time to sit on the sidelines in cash and wait for new opportunities to arise.
The one bright spot is LDG. The stock reduced other losses the portfolio by gaining 11.34% in one month’s time. In this particular play I would recommend taking some profits off the table or at least replacing your 5% stop with a trailing stop loss at a level you feel comfortable with.
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