Tuesday, July 9, 2013

MSR trading performance for Q2

The second quarter of 2013 was largely profitable for most companies, although there was more stock market volatility in Q2 compared to Q1.  Q2 heralded the start of a narrowing phase for the stock market where stock selection becomes much more important than just buying an index ETF and holding. 

Following are the results of our stock/ETF trading recommendations for Q2 2013:

April 11: Bought PNM Resources (PNM) @ 23.61
April 17: Sold PNM @ 22.70 (stopped out)
April 18: Stopped out of PowerShares S&P 500 High Quality Portfolio (SPHQ) @ 17.28; bought at 17.08
April 26: Stopped out of Bristol Myers Squibb (BMY) @ 40.65; bought at 37.50
May 6: Bought Cree Inc. (CREE) @ 58.10
May 6: Bought Splunk Inc. (SPLK) @ 43.40
May 11: Took some profit in CREE @ 61.62
May 21: Took some profit in SPLK @ 46.49
June 4: Stopped out of SPLK @ 43.40
June 10: Bought Starbucks Corp. (SBUX) @ 65.66
June 24: Stopped out of CREE @ 60.00
June 24: Stopped out of SBUX @ 64.00