Last weekend I worked to update my weekly numbers as soon as Fidelity published them. The first group they updated, indicated by the date (as of 08/08/2014) in the group title, was the select funds. The only problem was that of the 40 mutual funds in the select group 15 of the funds did not contain the 08Aug numbers even though the title said it had been updated. So, as a result, as your emails pointed out, I used an incorrect price for STransportation and should not have sold it. I have updated the 15 incorrect select group quotes so the numbers are better this week. I am really not sure how to insure the quotes Fidelity provides on their funds are correct. Next time I will check the quotes of the funds I own by using another source and if there is a fund to buy or sell, I’ll call Fidelity to verify the quote. I have compained several times in the past about Fidelity giving bad quotes, generally related to a distribution. Fidelity replies, but basically ignores my calls and letters.
www.marketwatch.com had an interesting on the latest quarterly report from Soros Fund Management. They reported that their investment in puts on the S&P500 was increased in a huge way. That is a bet the market will go lower.
Last week on the Charles Panye show on Fox Business News Gary Kalkbaum indicated he used the 50 day moving average an his sell point. Charles said he was a longer term investor and used the 200 day moving avarage.
IBD TBP’s Current Outlook is “Confirmed Uptrend” – time to invest. The Outlook was changed on 13Aug14.
My current investments:
SBiotechnology has a price of 209.29 a sell price TPD, a rank of #1, and is a buy.
It was one of the 15 which Fidelity had a bad quote on the website and when corrected was the #12 fund last week.
It has gone up extremely fast since last week so is very volatile..
My portfolio changes this weekend:
IRA #1 – Buy SBiotechnology
IRA #2 – Buy SBiotechnology
My portfolio market exposure after this weekend’s changes:
IRA #1 – 100% invested
IRA #2 – 20% invested