Monday, April 4, 2011

Apple out and TWI in

Like I posted Friday, I could not take anymore of a lose in Apple and the downtrend continued today. It did show resistance around $40.50 and it might rebound from there, but I just do not see the buyers backing it at this time. It would not surprise me to see Apple re-test $326.00 before it finds support. If it reverses prior to that, it would be the first high low in over a month and could be another sign of reversal. So today I took my $88 loss and bought TWI which pays close to a 7% dividend and is in a nice uptrend. I will take my chances here to see if my money will actually work for me. If I sold TWI tomorrow morning, I would have $62 back of the $88 loss, but I will not do that.

Got a few stocks now that look like they our spreading their wings, so let just see if the overall market can continue the uptrend for a few more weeks.

Jan
Feb
Mar
Apr
May
Jun
YTD 2011
$5.41
$698.41
$163.29
$88.14
-
-
$955.25

Stock
Entry
Price
Stop
Profit
% Gain
CVI
$19.80
$23.60
$21.50
$1522
19
GILD
$41.26
$42.81
$41.64
$93
3
HYC
$12.60
$12.02
$11.83
$116
5
JAZZ
$31.95
$32.13
$30.20
$14
0
ORLY
$56.65
$57.67
$56.51
$46
2
PAY
$48.90
$54.82
$50.41
$302
12
POT
$58.00
$61.44
$55.59
$148
6
REE
$13.70
$13.75
$13.06
$5
0
SNDA
$44.40
$43.83
$41.01
$32
1
TK
$37.30
$37.17
$35.86
$9
0
TWI
$26.37
$26.99
$24.76
$62
2
TOTAL ------------ ----------- ----------
$2035
---------

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