As I mention in my first email, I went to work for 3 days at Disney in Orlando and failed to take the data to update my numbers. I did have time to note that my two investments were both up and yes, as some of you pointed out, I had a miss-quote last week for Nordic. I will try to remember my data next time this happens. I felt sorry for those who came from far away for their Disney vacation on Friday (it was a monsoon), and Saturday (it was raining most of the day), although Sunday was beautiful.
It was a good week in the market. Not good enough week to change IBD TBP’s Current Outlook, but then it was also month end. Month end is almost always an up market since there are many things a fund manager can do to make his performance look better. For example, if a fund manager has $1M in cash at month end, he can leave it in cash, he can buy a good stock which may go up or down, or he can buy another $1M of a stock he already owns (which may increase the price for every share he owns making his performance better).
Every 5 years or so, I ask all those receiving this emall to send me an email listing their name and email address to update my distribution list. Please do this by the end of May. I’m sure there are some of you who receive this email are no longer interested.
IBD TBP’s Current Outlook is “Market in Correction” – not time to invest.
My current investments:
Nordic has a price of 47.32, a sell price 44.95, a relative rank of 02, and is a hold.
SAirTransportation has a price of 62.25, a sell price 59.14, a relative rank of 07, and is a hold.
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – None
My portfolio market exposure after this weekend’s changes
IRA #1 – 00% invested
IRA #2 – 40% invested