1K Portfolio

Oops.  No daily status check for 2007-10-10.  I had a bad headache and went to sleep too early to do the daily screenshot.  I feel much better today!

Minutes for Fed meeting came out and investors see that inflation might not be that big of a problem — which seems to led them into thinking that there may be another rate cut. I think rates will hold for a bit.

Account Value: $740.07
Money: $42.07
Securities: $698.00

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Columbus Day. Bond markets closed but stock markets are open. Gained a nickel in each category today. Woo hoo!

Account Value: $782.07
Money: $42.07
Securities: $740.00

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Doh! Portfolio still going down. Some inter-day action with MRVL to help but settled back to no change at close. -$60 today! Just like that. It’s like a bad dream. :(  Have a good weekend!

Account Value: $752.07
Money: $42.07
Securities: $710.00

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Didn’t get to take a screenshot until 12:00am. However, the portfolio had practically no change.  RIMM announced after hours and at first glance is doing well. The report indicated that the majority of the revenues came from the sale of devices. Since BlackBerry devices contain Marvell’s technology, this should prop up MRVL. We shall see in the following weeks.

Account Value: $812.07
Money: $42.07
Securities: $770.00

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Today is a sad, sad day. Down $60 and way below the starting point — almost -20%! Maybe I’ll have some orange juice and cheer myself up.

While I take a breather, check this article out about being money smart and hanging out with people of the same money mindset. Hanging with the money crowd (CNN Money)

Account Value: $812.07
Money: $42.07
Securities: $770.00

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Market rally cut short. Mixed market with Dow and S&P down but Nasdaq up. Just look at at GOOG go!? Is that crazy or what? I finally found the unrealized gain/loss section of Tradeking. Not too bad except that the collapsed view can get mixed up with the expanded view.

Account Value: $872.07
Money: $42.07
Securities: $830.00

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Excerpt from TheStreet.com - regarding housing and Citigroup analyst

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On Monday, the group rallied after Citigroup analyst Stephen Kim upgraded several stocks in the sector, saying fundamentals are not likely to recover in the near-term, but the stocks themselves have hit a bottom and should benefit from a trading rally in coming months.

“Timing the bottom in a volatile group like the homebuilders is never easy, and catalysts in these dark times will inevitably amount to a mere flicker,” Kim wrote in his note.

“However, we are not to trying to suggest that trends in the homebuilding sector are about to get much better; rather the purpose of this piece is to point out that they have never been worse. And in this sector, with its long history of feverish booms and catastrophic busts, it is precisely when things have gotten this bad that the stocks start looking good,” Kim said.

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This guy’s got to be kidding. Those comments make no sense. (ok, ok. I’m not an analyst) Remember that “past results is not a certain indication of future performance”. But even still, the housing market still seems soft and it will likely stay that way for at least another year. Home builder stock prices too low? I think it can go lower. The data released today also shows that pending home sales dropped 6.5% in August (21.5% from a year ago). In addition, a colder (or wetter) than expected winter might keep for sale signs up.

Me = bearish on housing (for now).

Note: KBH was not one of the stocks that got upgraded. I wonder why. Regardless, with options and expiration dates, timing is important. Will the market reflect the continued reality of the depressed housing? And more importantly, convince keen investors to sell off more KBH? We’ll see.

What a wild day! Dow up pass 14000. Home builders upgraded by Citibank on a forecast of a near term up swing in housing. Yeah right! I’m still see housing going sour. KBH options adjusted accordingly. I’ve picked up a little more of Jan 08. I’ve set a few exit points also (checkout the screenshot).

Account Value: $926.07
Money: $42.07
Securities: $884.00

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