Tuesday, August 05, 2008

Black Box Jr. Portfolio Update

  • "B" for buy, "S" for sell. It all makes perfect sense to have Brenda Song as the portfolio update girl.
  • Last night (Monday) was the first afterhours scan for the Black Box Jr. market timing system.  I ran it on the total market of stocks that trade above $2 and above 100,000 trading volume.  It came up with 178 buys and 330 sells!  That's a bit much for me.  So, I'm confining the first buys to stocks I've had in my watch list, but will expand the list over time.  Maybe popular NDX stocks or something.  We'll see.
  • The first buys are PM (Philip Morris International) and PGH (Pengrowth Energy Trust).  I've made the virtual PGH trade and will get in PM sometime today. 
  • I think the PGH signal is an interesting one since it's been tanking as oil prices have gone down.  My initial gut-feeling reaction is skeptical on that one.  But we'll go with it.  I imagine if it continues down, there will be a quick sell signal from Black Box Jr.
  • PM had a big move yesterday, and continues up as I type.  I always hate to chase stocks after a large percentage move, since it seems like "I've missed it!"  Of course, the reality is that my biggest winners have often come buying the big moves.
  • Limiting stocks to roughly 4% of initial stake of $100,000. 
  • Again, this is just virtual dollars, or online "paper trading."  None of the stocks listed are a recommendation to buy or sell.  I may or may not have actual positions in the stocks listed, and may change positions at any time. 
  • Brenda Song was born in Carmichael, CA.  That is a suburb of sorts here in the Sacramento area. 
  • Image lawsuit of Brenda featured in an LA escort ad.

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