This is the last week that I am collecting data on my stock portfolios. In general the first week of the new year has been awful for trading. The DOW J shed 518 points over this same period. My stocks essentially all decreased, but it was felt particularly in my aggressive portfolio.
Slow week for my portfolios as most of my picks moved in single percent’s up or down.
Although my new aggressive portfolio stocks underperformed
Today I am selling two of my aggressive portfolio stocks. Sprint, and Voxx. Sprint has underperformed since I bought it and I am taking a loss because of it. Voxx has done very well on the other hand and has increased 15% since I purchased. In replacement I bought Amyris, and Groupon. Amyris defines itself as a renewable products company applying their inspired science to deliver sustainable solutions for a growing world. Groupon is an e-commerce website that provides discounts for products.
Selling Disney today as many analysts fear Disney will not continue to grow. It has fallen $5.00 since the peak of my investment, so I want to sell now while I have still made nearly 10% profit.
Today I sold shares of Exxon Mobil as the international gas crisis has lowered it’s price significantly. I hope to buy back when it is low again because XOM has been a strong performer thus far.
Additionally I sold Apple shares on mounting fears of slumping iPhone sales globally, but specifically in China.
No big changes this week. In general my portfolios did not move in one way or another to a great degree.
Last Wednesday, I decided to buy shares in Voxx International, my mentor and I had talked about this stock before as a risky investment to add to that portfolio. This replaces SciClone Pharmaceuticals which I sold. Throughout it’s first week it has been a good investment.
It was a pretty uneventful week for my project, and my stocks. After selling SciClone Pharmaceuticals I have yet to find a suitable replacement stock to fill the open spot in my Risky Portfolio.
This week was a poor weak for my stock portfolios as the broader market was down. My picks either suffered with the market or remained neutral. The replacement stock for Volkswagen was Facebook, which I bought ahead of the quarterly earnings report. Facebook’s quarterly earnings were exceptional which has helped to drive the stock to record highs.
Additionally from my risky portfolio, I have sold my shares in SciClone Pharmaceuticals after their monster earnings that include sales up 25% on the year. I bought in with 1267 shares at $7.89 and have sold at $9.77.
Selling Volkswagen stock as this morning news broke that Volkswagen may have falsified even more cars gas emissions than was originally reported. I bought the stock hoping that I was buying at the low, but as the controversy around the car company continues to swell I am sure that the market will react by selling.