Several months ago, Purdue University researchers published the results of a study that looked at how Seeking Alpha contributors fare with regards to providing "valuable information" to readers. At the time, I made the promise that I would hold myself accountable by publishing the results of the sentiment I put forth in my Seeking Alpha articles.
In this article, I look at stocks I went bullish on. To see the performance of my bearish plays, click here.
|Company Name (Ticker)||Date, 1st Mention||Entry Price||Closing Price, 6/07/2011|
|ProShares Ultra DJ-UBS Crude Oil ETF (UCO)||2/24/2011||$50.09||$46.74|
|Advanced Micro Devices (AMD)||3/11/2011||$8.65||$7.71|
|Proctor & Gamble (PG)||3/17/2011||$60.43||$65.06|
|Wisconsin Energy (WEC)||3/17/2011||$29.45||$30.83|
|Best Buy (BBY)||3/18/2011||$31.53||$28.93|
|Cisco Systems (CSCO)||3/19/2011||$17.39||$15.51|
|Snap Interactive (STVI.OB)||3/18/2011||$2.42||$1.80|
|Open Table (OPEN)||3/28/2011||$104.29||$80.70|
|Whole Foods Market (WFM)||3/29/2011||$64.35||$56.99|
|Electronic Arts (ERTS)||3/29/2011||$19.66||$23.35|
|First Solar (FSLR)||3/17/2011||$154.00||$117.86|
|Tesla Motors (TSLA)||4/01/2011||$26.66||$28.37|
|Public Storage (PSA)||4/04/2011||$111.73||$115.68|
|Forest City Enterprises (NYSE:FCE.A)||4/04/2011||$18.61||$18.66|
|Regal Entertainment Group (RGC)||4/08/2011||$13.97||$12.02|
|Time Warner Cable (TWC)||4/08/2011||$72.85||$75.61|
I did not show performance percentage for each stock like I did for my bearish plays because I think some stocks on the list deserve a bit more explanation.
First, between the time I expressed bullish sentiment on several of these stocks and now, I turned bearish. For example, I would have taken profits on WMT prior to taking my recent bearish turn. And, because investing is hardly a passive process, I would have likely stopped myself out (mentally) of several positions prior to taking too hard of a hit. Small losses mean nothing to me. It's all about avoiding the catastrophic ones. I probably would have stopped myself out of OPEN and FSLR. I would feel comfortable, right up to this day, averaging down in F, BBY, CSCO, STVI.OB, WFM, RGC, DIS, and MSFT. In other words, I would buy them today despite the on-paper losses shown above.
But, for the sake of fairness, time, and just to handicap myself a bit, I consider my performance in each stock from its entry price to its Tuesday closing price, assuming a 100-share stake in each.
To get into the portfolio, it would have cost $125,968. Had you sold everything at Tuesday's closing prices you would have been left with $122,512 for a loss of $3,456, or -2.7%. Of course, by taking out FSLR and OPEN debacles, without those buys, the portfolio would have cost $100,139 to get into. You could have got out at Tuesday's close with proceeds of $102,656 for a modest gain of $2,517, or 2.5%.
Disclosure: I am long TSLA, S.