Okay, market finally went the way we wanted. Market was bad, but if you notice, the 2 stocks that we predicted would go down went down HARD!
Here's the stats, both predicted to go down:
- CCJ: started @ $27.85 (post on 9/27) closed: $26.41 (10/1), net: $1.44.
- WFR: started @ $17.29 (post on 9/27) closed: $15.70 (10/1), net: $1.59.
The 3 that went the Contrarian route did go down slightly (not as dramatic as the above two):
- CI: $28.31, now: $27.81, net: $0.50
- CVG: $10.09, now: $9.51, net: $0.58
- UNH: $25.34, now: $24.79, net: $0.55
Anyway, I would recommend you close your positions at the end of the week. Not a good idea to hold positions over the weekend.
Until next week!!
Thursday, October 1, 2009
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