Mechanical Investing for August

Posted by Michael on August 30th, 2004 filed in Finances

By the hair of my chinny chin chin, mechanical investing did ok this month. The overall market took a beating and most stocks (including mine) were down, but one big winner made it a positive month for me. Six winners and seven losers this month.

Holding for another month:

Ticker Return  
PBR +3.8% Petroleo Brasil.
PHM +7.7% Pulte Homes.
RIMM -1.7% Research in Motion. Only a wee loss, I’ll hold a while longer.

Selling these:

Ticker Return  
ABFS +3.3% Arkansas Best trucking company.
AVL -7.3% Aviall Inc. aerospace company. Ouch again.
AVP +1.7% Avon Products. Ding Dong.
CFC -3.7% Countrywide Financial. Ouch.
IMGC -10.9% Intermags Gen. medical equipment supply company. Another ouch.
PKOH +13.9% Park Ohio Holdings; this one offset all the other losses. Total return was +55.8%.
RD +0.6% Royal Dutch Petroleum.
SSTI -7.4% Silicon Storage Technology Inc. Ouch yet again.
TSO -17.5% Tesoro Petroleum. Ow. Make it stop.
VLO -16.9% Valero Energy. Ouch^2.

New stocks for this month:

Ticker Return  
ADSK N/A% Autodesk Inc.
APA N/A% Apache Corp. oil & gas.
BMHC N/A% Building Materials Holding Corp.
CCK N/A% Crown Holdings Inc., steel and aluminum cans.
CLF N/A% Cleveland-Cliffs Inc., producer of iron ore pellets. Heh.
MRCY N/A% Mercury Computer Systems.
NAFC N/A% Nash Finch Company.
OMM N/A% OMI Corp.
SMF N/A% Smart & Final, a California grocery store chain.

Next trade will be October 4.

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2 Responses to “Mechanical Investing for August”

  1. Uptown Girl Says:
    August 31st, 2004 at 11:38 am

    thanks for the info

    You’re dumping Avon? I wouldn’t answer my doorbell any time soon ;)

  2. Michael Says:
    August 31st, 2004 at 8:49 pm

    Now I’m going to have nightmares about heavily makeupped women mugging me.

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