Mechanical Investing for April 2006

No complaints this month on the Mechanical Investing side. Nothing spectacular, nothing traumatic, but I’m falling a little behind the market as a whole.

  • Last 4 weeks: +1.5%
  • Last 3 months: +1.3%
  • Year to date: +1.3% (Dow is +4.7% ytd from 10,718)
  • Last 12 months:+1.8%

Holding for another month:

Ticker Bought Now Months Return  
AH $58.86 $59.95 1 +1.9% Armor Holdings. Hot dogs, maybe?
BAC $45.98 $46.01 1 0.00% Bank of America Corp. Hey, I own a bank.
FDG $41.01 $37.79 1 -7.9% Fording Canadian Coal Trust.
IM $19.77 $20.00 3 +1.2% Ingram Micro Inc.
SPY $128.58 $130.59 2 +1.6% SPDRs.
TEN $23.33 $21.48 1 -7.9% Tenneco, Inc.
UNTD $14.69 $12.99 3 -11.6% United Online Inc. Ouch. I can’t fathom why the screens say to keep this one.

Selling these:

Ticker Bought Sold Months Return  
CRDN $46.15 $49.74 4 +7.8% Ceradyne, Inc. Still a nice return, but was +28% a month ago.
FHN $38.75 $41.84 5 +8.0% First Horizon National Corp.
OATS $17.75 $19.01 1 7.1% Wild Oats Markets, Inc. Look, I’m done sowing my wild oats.
PBR $89.57 $89.50 1 0.00% Petroleo Brasileiro.
TLAB $15.15 $15.92 1 +5.1% Tellabs, Inc.
WM $38.54 $42.76 6 +10.9% Washington Mutual. Aw, I liked this one.

New stocks for this month:

Ticker Bought Sold Months Return  
CMA $59.03 $N/A 0 N/A% Comerica Inc. Look, I own another bank.
CMC $54.51 $N/A 0 N/A% Commercial Metals Company.
EMKR $10.18 $N/A 0 N/A% Emcore Corp. From the “Screamers” mechanical list.
HCC $34.24 $N/A 0 N/A% HCC Insurance Holdings.
HOC $76.45 $N/A 0 N/A% Holly Corp. Sold this last December at 58.35. I’m noticing a pattern of doing this.
JDSU $4.11 $N/A 0 N/A% JDS Uniphase. I think I sold this last in, oh, 1999, for like $160. It’s fallen a long way.

The next trade will be May 1st.

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