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Colin Lea
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The author is Australian with a long term interest and personal stake in financial planning and management. He is a Registered Financial Adviser, is a member of the FPA Australia, and is a Certified Gold Seeking Alpha Contributor. Prior professional background of 20 years in military &... More
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  • Follow the Sun, Week Three - My Sun Tzu Portfolio Wrap 0 comments
    Nov 5, 2011 4:47 PM | about stocks: ALK, BHP, C, CAT, GD, PCXCQ, PNC, WMT

    Well its been three weeks since I published my first article on the theory of investing using the principles of Sun Tzu, and attached below is the summary of the portfolio wrap at the end of week three.

    Portfolio Wrap, 04 November 2011



    Key Changes and Portfolio Progress

    Over week three the portfolio has dropped $3,954 (3.56%). ALK continued with its upward trend closing 2.3% higher, along with WMT up 0.6% (the only other gainer). My favorite blue chip, BHP - gave up last weeks gain losing 4.9%.The two big retracements this week are C down $3.85 (11.3%) and my wildcard PCX down $1.22 (9.1%). The markets continued to feel the indecisiveness of the eurozone's proposed solution to the Greece's debt issues, with a flow on effect to banking and financial stocks stateside.

    Summary

    Remembering that I am long these stocks, this week still serves as a reminder of the current volatility gripping the markets. For example, BHP this week is down 4.9%, whereas last week it was up 10%; does this mean the company's stock is suddenly overvalued? Certainly not in my books. Noting I am still carrying $5,028 cash, this gives a closing balance of $107,046 for the portfolio, down 3.56% for the week. The importance of stop losses is a prime consideration for protection of capital. I'll publish a separate instablog soon which articulates the stop losses I have set for each stock.

    For those following the series, I plan on submitting an article to Seeking Alpha at the one month mark, which will follow Sun Tzu's second chapter - 'Waging War'. Keep following me on Seeking Alpha to see the subsequent articles and the regular portfolio updates.

    Stocks: ALK, BHP, C, CAT, GD, PCXCQ, PNC, WMT
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