Tuesday, August 31, 2010

End of the Month Report -- Picks to Date

This is a report of all stock picks since I mentioned buying them:

Akamai (AKAM) short:  Short at $38, Stopped at $40, Loss of $2
Akamai (AKAM) long:   Bought at $40, Sold at $47.42, Gain of $7.42

Investments (all long):
All of these are unrealized gains or losses with the exception of FDX.

Priceline.com (PCLN):  Bought at $229, Target is $300 within 2 years, Aug 31 closing price:  $291.48 (+62.48)
Hewlett Packard (HPQ): Bought at $40.50, Aug 31 price: $38.45 (-$2.05)
FedEx (FDX):                 Bought at $85, stopped at $79, (-$6)
Goldman Sachs (GS):      Bought at $138, Aug 31 price: $136.93 (-$1.07)
China Surveillance (CSR):  Bought at $4.85 & at $5.30, Aug 31 price: $5.40 (+$.25 & +.10)
Google (GOOG):             Bought at $505, Aug 31 price: $450.02 (-$55.02)

Nice job with Priceline!  It hit my 2 year target in 1 month.  I'm holding on and expecting big things of it in the future.  My new Price Target for PCLN:  $350 by Dec 31, 2011.

All the other stocks are up or down slightly and I'm not concerned about them.  I am still long all positions except FDX and will seek to buy it again when I see a good entry point.  Even GOOG that is down $55 per share is no big deal:  it's a volatile stock but I still expect it to hit my profit target -- I'm not selling it.