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PhilStockWorld September Portfolio Review – Part 2

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That’s the strong bounce line on the S&P 500 and we’ve been failing it all week and now we’re failing it FOR the week and that’s a big negative on the weekly charts.  We predicted that we would fail the strong bounce line on Monday, when it was 4,490 (we made a lower low on Wednesday, which lowered the bar for a bounce) based on the Fundamental Outlook for the week and so far, so right, I suppose.  

I’m feeling good about going to CASH!!! last month, September has not been kind and we’ve been finding some good bargains along the way to refresh our portfolios.  Our slimmed-down LTP still made $44,533 for the month but those gains were largely offset by our too-bearish (for now) STP, which we adjusted yesterday.  Of course, we didn’t adjust it to be less bearish – a bit more so, if anything.

Our defense if the market goes higher will be to buy more longs.  There are plenty of bargains out there as some stocks have come down quite a bit like Las Vegas Sands (LVS), which is back in the realm of reality now at $37.50, which is $28.66Bn in market cap and, before Covid, LVS was making $2.5Bn per year.  I’m not suggesting we race right into this one (we just bought BYD) because China has changed the rules in Macau and, of course, Covid - but it’s a good example of a stock we wouldn’t have bought because it was way too high that has now become attractive again. 

There are always bargains to be had – if you are patient!  

Money Talk Portfolio Review:  Patience is what our Money Talk Portfo is all about, as we only trade it when we’re on the show – roughly once per quarter.  We can’t touch it otherwise so the picks have to be ROCK SOLID and we made a few changes in our last cycl – when I was on the show on September 1st (it taped on Aug 31st).  We cashed out our winning positions on IBM and SKT and we added HPQ and the afore-mentioned BYD.  The portfolio is down $962 for the month at $194,944 but that’s up a healthy 94.9% and, best of all, we have $167,589 of lovely, lovely CASH!!!






Provided courtesy of Phil’s Stock World.

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