Written by Patrick McCubbin
Exact Stock Picks
Good Afternoon,
A rather slow day in the markets today with the bulls and bears struggling to take control.
Our stocks were fairly mixed as well today. Although not much action we decided to make a couple of moves today. We sold our 300 shares of @ $20.29. This came out to a gain of $775, or nearly 15% since our entry on 7/20/10. Our decision was based on the fact the markets looked to be consolidating, and with such a quick profit in a short amount of time we felt it was for the best. It is better to see a stock keep running after you have banked a profit then to lose all of your gains because you got greedy. We took the former.
Our two short positions, Hospira (HSP) and Adtran (ADTN) were both down over 2%. Motorcar Parts of America Inc (MPAA) was up over 2% today, and almost 5% overall since our entry last week.
Manitowoc Co Inc (MTW) and NetApp Inc (NTAP) were both down modestly today, but we still hold gains of 6% and 3% respectively.
We entered into one new position today, TriQuint Semiconductor Inc (TQNT). This stock has been on a very strong trend and is looking to reach new highs in the near future. The rest of our stocks were mixed on the day.
In these still uncertain markets, we will continue to grind out profits where we can find them. Our entire philosophy is to have more winners than losers. Not only that, we need to be very disciplined when we have losses and keep them at a minimum. There will be times we’ll take money off the table too early, but you will never go broke taking profits. We will continue to strive to put more money in your pockets.
Have a great evening, and we’ll see you in the morning!
TEN Exclusive: Portfolio Update – 7/27/10 is an article from: 
