October 22, 2007

I believe!

Yea, though I have strayed into heavy industries, dallied with banks, and foreign growth funds, my heart (and currently a huge chunk of my real-life investments) will always be with my first major financial success, AAPL.

In line with our most recent project, Apple filed an 8K today, announcing earnings for the quarter ended September 29th. Stellar results with things only looking up with the release of Leopard a few days away and the holiday shopping season fast approaching.

I'm gonna dump my loser stocks, FLY, BAC and CAT, and move those assets into AAPL. Yeah, I'm going to be waaay overweight on tech, and Apple, but guess what? Invest with what you know....and I know Tech, baby.

Action	Symbol	Quantity	Price	Value	Net Gain/Loss
SELL	FLY	443	22.35	9901.05	(101.89)
SELL	BAC	199	47.78	9508.22	(483.57)
SELL	CAT	134	73.50	9849.00	(155.44)
BUY	AAPL	171	171.36	29302.56
Cash				92.47

October 15, 2007

Once again, not much action on the stock front. AAPL continues its tear, briefly touching an all-time high, before falling victim to profit taking. Even with the retreat back from $171, it still leads my portfolio gainers, up 22% since the end of August. CVX had a earnings warning, so it's lost about half of it's gains from the past six weeks. Oil did break $86/barrel today, so I don't expect CVX to stay down for long. XOM is certainly moving up.

For class this week, we're supposed to look at some 10-K, 10-Q and 8-K filings for a stock we are interested in. Unfortunately for me, the stocks that I am currently looking at are all foreign, or ADRs. Sure, the ADR shares have to file quraterly, and annual earnings statements, but they do so using a 6-K form, which is used for pretty much any SEC form, so I would have to wade through the piles of 6-K forms to find the correct, corresponding filing. I'll probably just make it easy, and grab an obvious domestic firm, instead...probably a tech or communications firm...Comcast, Sirius/XM, or Google, perhaps.

October 7, 2007

Not much activity on the portfolio front this week. We talked about mutual funds in class, and I've already got two funds. The PowerShares clean energy (sector) fund and Vanguard's emerging markets fund. Both funds are doing very well and are only being beat by my Apple shares.

The markets aren't moving all that rapidly. The tech sector and Nasdaq are doing the best, up about 8.3% since the start. My portfolio is up 9.4%, led by AAPL, up 18%. As long as I stay ahead of the market, I'm happy.