| Symbol | Sector | Return | Exposure | Trades | Last Trade | Status |
|---|---|---|---|---|---|---|
| STM | Semiconductors | 3.34% | n/a | 2 | 03-Aug-09 | Prior Holding |
02-Aug-09
Power Dip Update: July Results, Monday’s Signals, Vacation
Holding Rationale for STM.
The S&P500 gained 7.24% in July versus a gain of 0.62% for the Power Dip system. This is no surprise, as the system performed similarly in 2003 after the bottom was put in and the bull market roared ahead.
On Monday’s open, STMicroelectronics N.V. (ADR) (STM: 7.59 +1.88%) and Union Pacific Corporation (UNP: 57.52 +0.72%) will be sold, gaining better than 1% each.
This will leave six positions, and so the model portfolio will purchase two more positions on the open, from the following twelve signals:
(AGNC: 22.78 -4.92%) , Aspen Insurance Holdings Limited (AHL: 24.87 -1.47%) , athenahealth, Inc (ATHN: 36.94 -0.99%) , ATMI, Inc. (ATMI: 18.19 -1.99%) , (AVNR: 2.15 -5.29%) , Baldor Electric Company (BEZ: 25.76 -6.67%) , Intermec Inc. (IN: 13.64 -6.58%) , KapStone Paper and Packaging Corp. (KPPC: 5.04 -1.18%) , Novell, Inc. (NOVL: 4.58 -0.87%) , Patterson-UTI Energy, Inc. (PTEN: 13.81 -2.54%) , REGAL-BELOIT CORPORATION (RBC: 47.87 0.00%) , and TEKELEC (TKLC: 18.39 -2.70%)
From these choices, the model portfolio will be buying BEZ and PTEN on Monday’s open.
Vacation!!!
My good friend and fellow system trader Brandon will be updating the blog with the Power Dips this week as I will be on vacation. Feel free to ask him questions in the comments section, but since blogging is not his primary endeavor, don’t be surprised if there is not a prompt reply, or any reply at all.
Posted at 19:29 in Holding Rationales | Permalink | Top
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