This is a report of all stock picks since I mentioned buying them:
Trades:
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)
Summary:
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.
GK