So I received a call yesterday from someone who really reads my weekly email. He was thanking me for making him so much money. It turns out he sold SBiotechnology when I did, but decided to buy it again and it did great for him. Sometimes I am correct, and then there are other times. One of the lists on my web site is a list of the top 20 funds for the last 78 weeks – I use 39 weeks for my investing and publish it in my email. It turns out that SBiotechnology has been on the list of the top 20 funds for 78 weeks for the last 111 weeks.
The biggest contributors to the crash in 08 was the housing market and the bad mortgage loans which were allowed. The joke was that you could get a loan to buy a house if you had a beating heart. Turns out that since the Senate voted to allow approval of presidential appointments by a simple majority, Representative Mel Watt was confirmed and will be sworn as director of the Federal Housing Finance Agency. Back in 02 in his district in North Carolina he pressured Freddie to dole out home loans to “Welfare Recipients.” His current plans are to relax underwriting rules so “disadvantaged” borrowers lacking credit and down payments can buy homes. You have been warned, here it comes again.
IBD TBP’s Current Outlook is “Confirmed Uptrend” – time to invest. However, not one of my top twenty funds has had a percent deviation increased each week for the last two weeks. The highest ranked fund which has an increasing percent devaiation over the last two weeks is SFinancialServices, the number 23 best fund.
My current investments:
SAutomotive has a price of $55.38, a sell price $53.25, arelative rank of 58, and will be sold when I need to exchange it for another fund or it passes the sell price.
Nordic has a price of 44.50, a sell price 42.31, a relative rank of 01, and is a hold.
SSoftware&ComputerServices has a price of 117.62, a sell price 111.74, a relative rank of 02, and is a buy.
My portfolio changes this weekend:
IRA #1 – None
IRA #2 – None
My portfolio market exposure after this weekend’s changes
IRA #1 – 100% invested
IRA #2 – 60% invested