Friday, May 16, 2008

Result of May 16 - Crazy Day

It was a crazy day today with Dow falling as much as 100 points and than stormed back to finish the day with just 5 points loss. S&P 500 also came back to the positive territory with a late run. Overall the day wasn't too bad considering another record setting oil price of $128 per barrow. So why do I call it a crazy day? It's my crazy portfolio. Take a look:

Dow 0.05%
Nasdaq 0.19%
S&P 500 0.13%
Wilshire 5000 0.14%
My Portfolio 3.71%

Up 3.71% on a day where two major indices were down? This is why I call it crazy. Looking at the stocks from my portfolio that did well today than you'll see that is was not a surprise why my overall performance was pretty good today. Despite two stocks losing more than 3% today, I have two other stocks, CSUN and SOLF, both solar energy companies, gaining 13.59% and 23.66% respectively. The strategy of putting shares in alternative energy on high oil price plays well. Here are how the rest of the stock did for the day.

Symbol(Gain/Loss)
ABB(0.77%)
ACM(1.04%)
BRCM(4.28%)
C(2.57%)
CHNR(3.39%)
CPST(2.96%)
CSUN(13.59%)
DAR(1.04%)
FNM(1.12%)
GTE(0.56%)
LFT(0.1%)
LMNX(3.18%)
MPEL(3.74%)
NVDA(2.65%)
SDA(4.5%)
SOLF(23.66%)
Overall(3.71%)

Compare to last week I took profit on Vision Science(VSCI) after 40% gain in just week and switched to Solarfun(SOLF). The strategy so far works as VSCI lost almost 17% since I sold it yet SOLF gained 39.44% so far.

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